Psychology of Forex Trading

Dec 18, 2016 at 08:03
Vistas 8,271
290 Replies
Miembro desde Apr 06, 2018   posts 254
Mar 05, 2019 at 08:13
MotoGP posted:
If you find Forex trading boring then you should leave and try something else. No one will make money doing something that they do not enjoy. I love everything about Forex, the fundamentals the technical all that. There is so much to learn and I still love the thrill of entering a trade.

I beg to diifer but successful trading should be boring.

https://optimusfutures.com/tradeblog/archives/why-trading-should-be-boring/
The market will trade through it’s path of least resistance .
Miembro desde Feb 05, 2019   posts 43
Mar 10, 2019 at 06:50
I believe that if you develop your trading constantly, it will never become boring.
my experience is my profit
Miembro desde Aug 27, 2017   posts 994
Mar 26, 2019 at 11:58
Prest posted:
I believe that if you develop your trading constantly, it will never become boring.

It’s true; basically which traders don’t know the story behind the market moves, Forex is boring only for these types of people.
Miembro desde Jul 12, 2018   posts 24
Apr 02, 2019 at 07:07
Learning, failing and succeeding are the thrilling parts of trading.. If they're not, and 'getting rich quick' is, then trading is not for you.
Miembro desde Aug 11, 2017   posts 886
Apr 08, 2019 at 09:38
Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .
Miembro desde Feb 08, 2019   posts 21
Apr 18, 2019 at 06:06
Emotion is a money killer.
Miembro desde Apr 18, 2017   posts 718
Apr 26, 2019 at 11:55
FMovingAverage posted:
Learning, failing and succeeding are the thrilling parts of trading.. If they're not, and 'getting rich quick' is, then trading is not for you.

Well said; I don’t think, it’s possible to make money here without any lose! Because, it takes such a long time to learn Forex. There is no shortcut way of money earning.
Miembro desde Aug 09, 2017   posts 785
May 06, 2019 at 07:52
in Fx Patience is important, I do agree. But more important is trading discipline. Without real trading discipline that’s not possible at all to lead a successful trading life with certainly in spite of having most powerful analyzing trade knowledge.
Miembro desde May 04, 2019   posts 2
May 06, 2019 at 11:52
Forex Trading Psychology – Manage your emotions while trading. Having expertise in market analysis or having extensive knowledge about Forex is not the only factor that determines the success of a Forex trader. ... “The key to trading success is emotional discipline.
Miembro desde Aug 09, 2017   posts 785
May 10, 2019 at 10:46
Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!
Miembro desde May 09, 2019   posts 15
May 12, 2019 at 06:03
Truly Forex is an excessive amount of intense for the dealers who are in especially amateur. In this way, clearly another broker should strive to accomplish the market effectively. they should make a best methodology for themselves . they ought to invest the greater part of their energy in breaking down Forex showcase since it will build their insight into examination. They likewise should rehearse much on demo record to make their exchanging simple. At that point they ought to pick a privilege and presumed merchant for them .
Miembro desde Aug 09, 2017   posts 785
May 15, 2019 at 11:40
To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.
Miembro desde May 18, 2019   posts 2
May 19, 2019 at 06:13
Imamul posted:
To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.

I couldnt agree more. First you must survive then with experience everyone can be succesfull in this market because it is very hard to gain constant income but It gives you many opportunity to do
god save the gbp
Miembro desde Aug 27, 2017   posts 994
May 21, 2019 at 09:30
pancarjack61 posted:
Imamul posted:
To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.

I couldnt agree more. First you must survive then with experience everyone can be succesfull in this market because it is very hard to gain constant income but It gives you many opportunity to do

You are right! It’s very challenging to make consistent money here! Only high-skilled traders can do so.
Miembro desde Aug 09, 2017   posts 785
May 23, 2019 at 09:29
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   
Miembro desde May 23, 2019   posts 10
May 24, 2019 at 07:39
It is important to always continue learning. The markets are continuously changing and it is important to keep learning and adapting to any changes
Miembro desde Aug 09, 2017   posts 785
May 24, 2019 at 09:59
for beginners no way the importance of demo , but the problem is , the experience we took from demo practically not work in a real account.
Miembro desde Sep 19, 2018   posts 27
May 25, 2019 at 11:57
Some say that traders who lose the most money, are highly intelligent. So, what causes such big losses?

Some blame the markets, politics, economic conditions, or even their strategy. Even though all of those might be accurate, one of the most significant reasons for failure is emotion.

In our line of work, acting on emotion leads to disaster. This is why you should always trust your money with people who are able to take emotion out of the equation.

Our experts exhibit mental attributes which help them stay focused on the long-term prospect, even when the short-term seems overly attractive. A successful trader must:

1.Know what to expect
2.Develop and stick with a strategy
3.Know when to trade and when not to trade
4.Be patient
5.Adapt to current market conditions
6.Focus on being consistent in the long run
7.Take reasonable action

Feel free to send us a message if you need any help with your trading. We're always glad to help people achieve their goals.
You can also check out our facebook page for more valuable content!
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Miembro desde Apr 18, 2017   posts 920
May 27, 2019 at 18:17
Baileyhart posted:
Trading Psychology. Trading psychology is an important discipline that needs to be studied and understood by anyone who aims toward long-term success in the financial markets. ... Become a master of self-assessment and emotional discipline by combing through the educational Forex psychology material below

Perfect! In addition, I seem mediation is the best practice to build a strong mindset!
Miembro desde May 04, 2019   posts 26
May 28, 2019 at 06:04
Understanding trading psychology is very important, and it helps one to be successful as a trader. In my opinion, greed, fear and impatience are the most stubborn emotions that make most traders to fail. One should learn to separate emotions from trading activities, or use positive emotions for successful results
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