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How to Successful Forex Trading Mindset?

LeviSievwright5
Jan 19 at 02:24
298 posts
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.

Mitchelmarss
Jan 22 at 08:28
29 posts
Bunaya posted:
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.

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.

Kroolscmark844
Jan 25 at 04:10
20 posts
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.

Marshshaun
Jan 25 at 06:13
31 posts
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.

Beagelv
Jan 25 at 06:31
61 posts
When opening a position, she must have confidence and control over emotions, because mistakes can be made.

Mitchelmarss
Jan 25 at 09:17
29 posts
Kroolscmark844 posted:
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.

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?

LeviSievwright5
Jan 27 at 01:02
298 posts
Risk management and money management are essential to creating a successful trading mindset.

Marshshaun
Jan 27 at 06:11
31 posts
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.

Joz8
Jan 27 at 08:11
102 posts
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.

forextrader777
Jan 27 at 11:00
78 posts
Marshshaun posted:
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.

You’re right amigo.
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.

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