Don’t get attached to your trades. Stay objective.
Nov 18 2020 at 19:00
Knowledge and experience will help you to keep your mind cool and make the right decisions without any hesitation.
Work on your mistakes.. Try learning from your losses, that is how you'll go far in forex.
Nov 19 2020 at 07:26
Calacti posted:
Don’t get attached to your trades. Stay objective.
Correct. Emotions can be harmful, so act rationally.
Nov 19 2020 at 07:28
Very good post! Developing the right mindset for trading and improving as person in general go hand in hand, and it is kind of like training in the physical sense - the more you practice being mindful and staying rational despite all hardships, the better you become at them.
Joz8 posted:
Work on your mistakes.. Try learning from your losses, that is how you'll go far in forex.
Well said, Reviewing your mistakes is a great way to grow as a forex trader.
Dec 25 2020 at 10:22
You have to make a good trading plan to make money from this market.
Each stage of the plan that is designed to achieve the set goal must be controlled. The more actively a person controls his own progress, the better.
Jan 18 2021 at 09:56
Yes, mindset plays a vital role when it comes to trading. The right thinking can be very beneficial for the success of a trader.
Jan 19 2021 at 02:24
If the trading policy can be made according to the discipline and plan, then it is possible to be successful. However, in this case, it is also necessary to control emotions.
Jan 22 2021 at 08:28
Bunaya posted:Control is very necessary; because without control in trading you will obviously lose money. If a trader doesn't know what are the main aspects of trading and the strategy, then it will not be good.
Each stage of the plan that is designed to achieve the set goal must be controlled. The more actively a person controls his own progress, the better.
Jan 25 2021 at 04:10
There are certain aspects of the trade which is in our hand but there are some which are not. It is the very nature of the markets that they are unpredictable. Bad days happen but it does not mean that you will leave your journey due to losses, they are also part of trading. And sometimes it’s just rotten luck.
Jan 25 2021 at 06:13
Without control a trader’s journey is full of chaos. The biggest example is revenge trading where we open a lot of positions just to recover the loss. We have to keep the emotional responses in check.
When opening a position, she must have confidence and control over emotions, because mistakes can be made.
Jan 25 2021 at 09:17
Kroolscmark844 posted:Talking about luck, I faced a pretty tricky situation when I was in the middle of my trade and suddenly the internet snapped. Though my broker Oanda was great and coordinated with me to resolve this situation and refunded my money to the trading account. Now no matter what I control about my trade these things can still happen to anyone. So as a backup from then I started to trade with more than one broker i.e. Fxview, IG etc. What do you think are some weird and unexpected scenarios that can come up during your trades?
There are certain aspects of the trade which is in our hand but there are some which are not. It is the very nature of the markets that they are unpredictable. Bad days happen but it does not mean that you will leave your journey due to losses, they are also part of trading. And sometimes it’s just rotten luck.
Jan 27 2021 at 01:02
Risk management and money management are essential to creating a successful trading mindset.
Jan 27 2021 at 06:11
Trading can only be successful when everything is planned from the start; from the beginning we should have our goals predefined. The step wise step plan to choose from the various brokers to the financial goals, everything should be predefined.
Patience is the key. The moment you rush in forex, or you loose patient, you loose the plot. Try sticking to a plan, strategize well and trade calmly.
Jan 27 2021 at 11:00
Marshshaun posted:You’re right amigo.
Trading can only be successful when everything is planned from the start; from the beginning we should have our goals predefined. The step wise step plan to choose from the various brokers to the financial goals, everything should be predefined.
Planning is a must before placing any trade. Also, build your own plans according to your own goals. You cannot fulfill your goals with the help of some other trader’s strategy.
