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Trading Psychology

VickyJones
Nov 30 2016 at 15:48
45 Posts
snapdragon1970 posted:
If your scalping on 1min time frames your moving in and out of positions quickly on your experience and skills not on a strategy.


I just what to add that choosing the trading style is part of the strategic decisions everyone of us make. Scalping is just very short-term oriented.

martinkolbe (martinkolbe)
Dec 05 2016 at 14:43
35 Posts
mlawson71 posted:
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.


You're right. In the end what matters the most is what strategy fits the individual trader. If something is profitable for you, by all means, stick to it.


Yes, this is a the golden rule to follow!

VickyJones
Dec 06 2016 at 13:35
45 Posts
martinkolbe posted:
mlawson71 posted:
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.


You're right. In the end what matters the most is what strategy fits the individual trader. If something is profitable for you, by all means, stick to it.


Yes, this is a the golden rule to follow!


That's for sure! 😄

RichardBills (RichardBills)
Dec 08 2016 at 13:59
74 Posts
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.


Good point Martin, I agree with you about that.

Bohdan73 (Bohdan73)
Dec 09 2016 at 09:21
51 Posts
mlawson71 posted:
Unfortunately reigning in your emotions is usually one of the hardest things to learn about Forex trading. You can learn the theory, you can even learn how to apply it in practise, but if your judgement is clowded by greed or fear you still will struggle to make a profit.


Did you managed to take control of the emotions after all? Or still learning how to do it?

Trade with determination!
jhonix
Feb 26 2017 at 06:57
37 Posts
The psychological factor is a very important reason for the success and failure of the trader. By having a clear trading strategy and being able to accurately analyze the market, most traders record losses due to the inability to control their emotions.

Samm
proyecto
Feb 27 2017 at 19:22
36 Posts
I think there really is no room for emotions or personal feelings when it comes to Forex trading. Make sure that as a trader, you stay completely objective and scientific or else we might see some very heavy losses. Now, the big question is how to control your personal emotions and keep them out of the bargain?

jhonix
Feb 27 2017 at 20:02
37 Posts
I think the answer would be a negotiation technique. Make one for yourself and stick to it, no matter what.

However observe the market movements, both from the fundamental and technical point of view, and if something does not look good to you, do not trade, it is as simple as that. Trade is never against the trend, always remember 'the trend is your friend'. If you experience a loss, do not try to overcompensate on your next trade, stick to the plan.

oscarbc
Mar 26 2017 at 07:32
9 Posts
You will not be able to become a successful trader until you are ready for both wins and losses. Both are inseparable and important parts of the trading process. On the way to learning the art of trading, you can often find bribers. When the trader focuses on problems (there may be a multitude of problems, for example lack of means, resources and knowledge), he feels anger, guilt, disappointment and dissatisfaction. But such an emotional state will not allow you to move forward. If the loss is unacceptable to the trader, he will not be able to close the position he loses. When the trader is not prepared to face losses, in general, they occur more.

mlawson71
Mar 27 2017 at 11:57
1487 Posts
proyecto posted:
I think there really is no room for emotions or personal feelings when it comes to Forex trading. Make sure that as a trader, you stay completely objective and scientific or else we might see some very heavy losses. Now, the big question is how to control your personal emotions and keep them out of the bargain?


If you find the answer to that question, please share it, because after years of trading occasionally I still feel as anxious as when I was first starting.

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