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Steps to Mental Success in Trading

KnowFinance
Feb 01 2021 at 11:19
85 Posts
AliaDare posted:
It is never possible to trade properly if the mental condition is not right. So the mentality should be fixed first.
Agreed, mental peace is very much needed before starting trading.
MichaelEX
Feb 05 2021 at 03:52
48 Posts
Trading is 90% mental work. A trader must master their trading psychology in order to become successful.
TradeHut
Feb 17 2021 at 11:00
31 Posts
In trading, peace of mind is highly important to make the trading functional.
Duktilar
Feb 22 2021 at 14:28
112 Posts
Maximum attention and focus are very important in trading.
terylewasia
Mar 17 2021 at 10:02
13 Posts
These are very well explained and are also pertinent for the success of a trader. Thanks for sharing these steps.
Fight4noob
Mar 17 2021 at 10:51
10 Posts
Mental work is important and can put a trader off course but it is secondary to strategy development and risk management
SteveHanks
Mar 17 2021 at 18:58
536 Posts
Fight4noob posted:
Mental work is important and can put a trader off course but it is secondary to strategy development and risk management
If you want to become successful in the forex market, you have to make a good trading plan.
Tremblay
Mar 18 2021 at 11:23
330 Posts
Some of my tips for new traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.
klosspiece
Mar 26 2021 at 10:19
37 Posts
Thank you for sharing these valuable steps and your insight for newbies on the platform
RobSchiz
Apr 14 2021 at 13:52
567 Posts
MichaelEX posted:
Trading is 90% mental work. A trader must master their trading psychology in order to become successful.
I agree with you. But a trader needs proper knowledge first before making any strategy.
LyudmilLukanov
May 10 2021 at 23:58
809 Posts
After all, it’s a mind game. So, prepare the mind and trade with the proper mindset.
Cordawield
May 11 2021 at 08:36
65 Posts
I can say that the psychological attitude really gives a lot
SofieAndreasen
Jun 06 2021 at 13:13
759 Posts
After all, it is a mind game. So, mental strength is needed.
         
Rjay Bulaong (RjayBulaong)
Jun 06 2021 at 15:53
6 Posts
If you study Behavioral Finance, you'd very much know how the markets just work based on traders' psychology. So it's true that it's just a mental game, but a very tough mental game! There's this thing called Loss Aversion, where the degree of unhappiness you feel when losing is much greater than the degree of happiness you feel when winning. So the tendency is for people to be very irrational when they lose (multiply their risk, withdraw all their money, etc.). Keep this in mind! You need to find the right balance between not getting excited when winning and not getting stressed out when losing. Many years of experience in trading will teach you this.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
SteveHanks
Dec 15 2021 at 20:45
536 Posts
SofieAndreasen posted:
After all, it is a mind game. So, mental strength is needed.
         
Yes. Mental strength helps a trader to stick on his plan.
RobSchiz
Dec 17 2021 at 05:54
567 Posts
SteveHanks posted:
SofieAndreasen posted:
After all, it is a mind game. So, mental strength is needed.
         
Yes. Mental strength helps a trader to stick on his plan.
It also helps a trader to control his emotions and be on discipline.
LucianVince
Dec 17 2021 at 13:06
34 Posts
Forex trading is all about making up your mind that you will lose money just the way you will make money. It won’t be possible for you to move ahead without making losses. Keep this in mind so that you don’t set unrealistic expectations and take unnecessary steps that could lead to more losses. Just make your mind and everything else will be sorted.
skihav
Dec 17 2021 at 19:42
801 Posts
Trading success is not easy to achieve. Sometimes this requires real effort on yourself.
UweMoench
Dec 24 2021 at 02:26
751 Posts
The average successful trader who have a psychological condition capable of controlling himself into a positive thing, with a State, then the trader will be maximized without thinking influenced the psychological pressure
AliaDare
Dec 25 2021 at 03:08
788 Posts
Of course, trading is a mindset game. And here you have to work with full mind focus. There are many benefits to meditating in this case.
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