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Psychology of Forex Trading

Adribaasmet
Sep 01 2019 at 15:15
944 posts
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   


Basically; which traders have a tendency to stop their learning process; generally they struggle a lot!

Mohammadi
Sep 08 2019 at 06:16
881 posts
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage. 

AniLorak
Sep 28 2019 at 17:02
920 posts
Mohammadi posted:
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage. 


Basically when I am not sure on the status of current market; then I don’t open any new position; since following the market trend is my main business!

Mohammadi
Oct 02 2019 at 03:57
881 posts
Forex market place like an ocean where million $ looks as like a drop of water. and no chance to bring profit very rapidly from here without learning.

forex_trader_[795593]
Oct 14 2019 at 05:17
32 posts
We tend to let the emotions get the best of ourselves if thing are not going in our ways, so it is important to accept the loss and try to learn the mistake from it rather than getting upset like a child.

Tim007 (Tim007)
Oct 14 2019 at 08:50
9 posts
It's true you need to be disciplined, I agree with that. But in order not to lose a trade do not invest all your money into one trade and if it go against your position buy at the lower level. I think this is better than to put a Stop/Loss on losing position.

Roberto21
Oct 19 2019 at 15:51
364 posts
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

Georg1o
Oct 20 2019 at 17:43
7 posts
Monnex posted:
Forex Psychology: If you want to profit from your trading don't do 7 mistakes

1- Trade too much

2- Risk too much

3- Thinking too much

4- Reading too much news & analysis

5- Gambling

6- Trading without a strategy

7- No money management

That's the list that every trader should hang on the wall. Often we forget about these rules. Thank you!

AmDiab
Oct 22 2019 at 09:14
718 posts
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .


No doubt; babypips course is useful; but you may noticed, it’s all about the basic info on trading! So, I am not overconfident on this free course!

Roberto21
Oct 24 2019 at 09:54
364 posts
we always think which time is best for trading , i think every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly. 

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