How to Successful Forex Trading Mindset?
Mitglied seit Jul 20, 2020
232 Posts
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.
Mitglied seit Jun 24, 2020
34 Posts
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.
Mitglied seit Aug 17, 2020
123 Posts
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.
Mitglied seit Jul 20, 2020
341 Posts
Dec 25, 2020 at 10:22
You have to make a good trading plan to make money from this market.
Mitglied seit Oct 26, 2020
29 Posts
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.
Mitglied seit Jul 20, 2020
298 Posts
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.
Mitglied seit Oct 12, 2020
29 Posts
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.
Mitglied seit Nov 17, 2020
20 Posts
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.
Mitglied seit Oct 12, 2020
29 Posts
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.
Mitglied seit Jul 20, 2020
298 Posts
Jan 27, 2021 at 01:02
Risk management and money management are essential to creating a successful trading mindset.
Mitglied seit Oct 26, 2020
29 Posts
Jan 27, 2021 at 12:23
Marshshaun posted:I don’t think we can figure out the brokers we want to use before we actually start trading because the requirements are different for everyone. It took me several brokers’ demo accounts to finally settle with schwab and fxview.
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.
Jan 27, 2021 at 13:57
When initially my choice fell on the broker Amarkets, which has a fairly good reputation and experience of 13 years, I decided to make a minimum deposit of $ 100, try to work and withdraw money and realized that everything is fine and now they trade without any fear
Mitglied seit Jul 19, 2020
318 Posts
Jan 28, 2021 at 18:01
Its true. Many traders leave the market because of their fear of losses. If you can remove fear from you, you can become a good and successful trader.
Mar 01, 2021 at 12:43
Developing a daily routine can help you with a positive mindset toward forex trading.
Learn daily about forex. Your mindset will ultimately define your reactions during losing trades or large profits. Meditation can help you to keep focused and calm at that time.
Learn daily about forex. Your mindset will ultimately define your reactions during losing trades or large profits. Meditation can help you to keep focused and calm at that time.
