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Steps to Mental Success in Trading

Megul
Dec 29 2020 at 11:57
8 Beiträge
For a successful trading journey in forex you need to let go of the whole idea you had about forex being a good place to ameka lot of money when you joined. You should understand forex for what it is first before you even consider trading. Trading is a very good thing for you but only if you dedicate your time to it and take notice of what goes on in the market.

Devers
Dec 29 2020 at 12:13
4 Beiträge
For a successful trading you need to know that you are prepared to trade and the best way for anyone to do that is for them to do that is for them to start a demo account and train until they are fully prepared. It takes different times for people to be ready for forex as people learn differently and at different paces. You know yourself and so do what is right for you.

TroyS
Dec 30 2020 at 08:08
17 Beiträge
For mental success I believe its important to work on your trading psychology. Because apart from the strategies and analysis its all about how well a trader manages his thoughts and psychology while trading. The strong the mindset the better would be the trading results.

Femilas
Dec 30 2020 at 08:42
30 Beiträge
Even if you have a good strategy, a good trading plan for Lenovo will not be psychologically prepared, you will most likely have a failure.

Shelby10
Dec 31 2020 at 10:11
140 Beiträge
There is much useful software for analysis in trading. Software that helps you to profit consistently. I use Moving Average and macdi divergence trading platforms. This expert advisor helps me a lot in trading.

ElliotCooke
Dec 31 2020 at 15:16
341 Beiträge
Don't trade live with huge money until you know what you are doing. Know your stuff very well. Be enough skilled. There is no short cut. It takes time to learn the art of trading. Don't have unrealistic expectation.

Jude_craig
Jan 05 at 06:44
63 Beiträge
ElliotCooke posted:
Don't trade live with huge money until you know what you are doing. Know your stuff very well. Be enough skilled. There is no short cut. It takes time to learn the art of trading. Don't have unrealistic expectation.

Its always wise to start small I would say. No point risking too much money and losing it altogether which will obviously affect a trader's motivation too. Hence better start small and gradually increase the amount.

Numeromatt
Jan 14 at 09:59
37 Beiträge
TroyS posted:
For mental success I believe its important to work on your trading psychology. Because apart from the strategies and analysis its all about how well a trader manages his thoughts and psychology while trading. The strong the mindset the better would be the trading results.

Yes, trading psychology is very important in trading. Traders who are well aware of this trading psychology would have a strong control over their emotions and biases. This is different for every trader and they can overcome this bias by acknowledging their emotions. In my experience, I’ve seen the impact a peaceful mindset has over the trades. Can’t ignore that factor.

mitchelstrack
Jan 14 at 12:21
30 Beiträge
Not only the trading psychology but also the use of different indicators and strategies is necessary to be a successful trader. I’ve been trying my hands on some indicators with the price action strategy and learning to identify some entry/exit levels with position trading. I won’t say it is easy and the toll it takes on my mind at times but I try to stay calm in order to achieve some level of success.

feelsofine
Jan 15 at 06:56
51 Beiträge
It is very important to be mentally prepared when it come to trading, that you have to accept the losses that you are making without getting 'revenge trading' and profit that you are making without getting 'overconfident'.

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