Jan 31 at 14:22
GeorgeBischof posted:Trading risky market therefore needs to be analyzed with full attention.
YEs, you need a proper sound mind to concentrate on your trading and it will help you to make money from this risky market.
Feb 01 at 07:37
Doing forex trading with a sound mind and a good strategy will bring you a lot of profits. A trader should always do forex trading with a sound mind because it will affect the way you trade. It is not good to do forex trading while you are angry or sad, because emotions can affect your judgement and you won’t be in a position to make good decisions.
Feb 02 at 17:54
I think a lot of us get blindsided by the emotional aspects of trading, especially since demo accounts don't really prepare you for it. Suddenly it's a lot harder to stick to your plan when real money is on the line, but it's crucial to get past that.
Feb 06 at 20:16
Trading psychology reflects traders' thinking and behavior patterns. Simply put, it's about the balance of fear and greed that governs each trader's behavior and investment.
Feb 07 at 10:02
Undoubtedly! Forex trading is more of a mind game. You need to enter into the market with a practical mindset and will to consistently put in hours. Shun the idea that you will make a profitable trader in a year or two. Focus on your skills and the result will follow.
Feb 07 at 14:27
I always have mental test before I trade. Am I angry, sad or generally feeling emotional. If so then I do not trade
Feb 08 at 05:33
tatteredhope posted:That's pretty nice actually! And this really needs to be practiced by everyone of us.
I always have mental test before I trade. Am I angry, sad or generally feeling emotional. If so then I do not trade
Feb 08 at 13:46
Sometimes it's best to keep your thoughts to yourself. This option may be safer.
Feb 08 at 14:31
But what if thoughts are not always worthy of being voiced?
Feb 10 at 04:42
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.
Feb 10 at 07:44
I agree! Emotions are with a traders till he lives. Removing emotion from trading is not easy. One should trade with proper strategies so that trades are based strong analysis and not on the behavior of the others.
Feb 10 at 08:05
Nakedize posted:
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.
For sure i think the most important thing is they have strict trading plans. There will be days where we all make mistakes and we all get emotional we're human beings but if we have rules to guide us we can overcome this
Feb 10 at 08:07
CraigMcG2020 posted:Following a trading plan strictly is quite beneficial.Nakedize posted:
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.
For sure i think the most important thing is they have strict trading plans. There will be days where we all make mistakes and we all get emotional we're human beings but if we have rules to guide us we can overcome this
Feb 14 at 04:44
A sound mind is the basic requirement of forex trading. Good decisions are only possible with a sound mind. A disturbed mind will always hinder a trader's ability to go the right way.
Feb 14 at 07:37
Nakedize posted:Agreed! I have faced many bad trades because of this. But when I started meditation, I realized that I have a better control on myself.
A sound mind is the basic requirement of forex trading. Good decisions are only possible with a sound mind. A disturbed mind will always hinder a trader's ability to go the right way.
Feb 16 at 12:19
In forex trading, you need to have patience and always wait for the right time when you can place the trades.
Feb 18 at 13:14
Michihito posted:
A trader needs a sound and composed mind to trade currency. If we are not mentally stable we won't be able to make profit. We need to be emotionless during trading decision. There are traders who can do good market analysis but can't make money by trading due to psychological issues.
I agree with you! This is why, when I have a clear picture on my trading chart; only then I open my new trade position! On the other hand, when I’m focused on the chart, I just avoid that trading pair, because with a confused mind, its really hard to sustain here!
Feb 18 at 13:30
To be honest, it's not always worth voicing your thoughts. This may not have the most pleasant consequences.
Mar 04 at 03:57
A trader should have a sound mind in order to make right trading decisions. Any kind of emotional imbalance can hamper the trading decision and may lead to losses.
Mar 04 at 04:34
You should keep your mind healthy to trade Forex nicely. This is the point which is a cause for many traders unsuccessfulness. Another point is that traders are not mentally satisfied with their earning. How much the amount is, they are not satisfied. So, it destroys their mental peace and creates anarchy in trading.
