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You need sound mind

Sep 12, 2020 at 14:31
Vistas 1,863
65 Replies
Miembro desde Jul 19, 2020   posts 298
Sep 12, 2020 at 14:31
A trader needs a sound and composed mind to trade currency. If we are not mentally stable we won't be able to make profit. We need to be emotionless during trading decision. There are traders who can do good market analysis but can't make money by trading due to psychological issues.
Miembro desde Jul 19, 2020   posts 751
Sep 13, 2020 at 14:35
Yes mind is very important when it comes to trading. We need the ability to control our emotions. Fear and greed always control us. Most of the trades we open out of fear or greed. We need a mental discipline to control our emotions.
Miembro desde Jul 19, 2020   posts 788
Sep 13, 2020 at 22:30
Trading is usually a game of psychology. If a trader is not mentally fit, he will never be able to make a profit in trading. There are many traders who have very good analysis but they cannot make a profit by trading for a long time. Because they cannot control emotions in their trading. Meditation should be done to control emotions.
Miembro desde Jul 20, 2020   posts 341
Sep 14, 2020 at 13:09
I completely agree with you. A trader needs a complete focus on his trading to make money from this risky market.
Miembro desde Jul 19, 2020   posts 318
Sep 17, 2020 at 11:07
YEs, you need a proper sound mind to concentrate on your trading and it will help you to make money from this risky market.
Miembro desde Jul 20, 2020   posts 341
Sep 17, 2020 at 18:44
A sound mind is very much needed to make trade perfectly. It is one of the most imp[ortant things top make money from this market.
Russel Gutierrez (russellgutierrez)
Miembro desde Jun 03, 2020   posts 56
Oct 13, 2020 at 06:21
Absolutely! It is impossible to be a successful trader with emotions meddling around.
Marcel Durham (MarcellusLux)
Miembro desde May 19, 2020   posts 340
Jan 20, 2022 at 14:57
Trader needs to be a professional and the emotions that affect the mind during trading should be helpers, not destroyers.
Miembro desde Feb 08, 2019   posts 213
Jan 20, 2022 at 17:21
The mindset is so important, most lose by having the incorrect mindset
Miembro desde Jul 08, 2020   posts 14
Jan 20, 2022 at 21:16
Oh yes, I totally agree with that. Mind is of utmost important in trading.
Miembro desde Nov 03, 2021   posts 53
Jan 24, 2022 at 12:09
The forex trading grind can be really tedious and can rip you off of your peace. What helps me to keep my mind fresh is my lifestyle choices that are definitely not related to trading. Spending time with my family, taking breaks, paying attention to my physical and mental health helps me to stay focussed during trading sessions.
Miembro desde Aug 10, 2021   posts 176
Jan 24, 2022 at 13:54
Yes, you need a solid and sound mind to become perfect in forex trading. Without knowledge, it will be difficult for you to become a good trader.
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
Jan 24, 2022 at 14:16
I don't think you are ever 'perfect' in trading, regardless of strategy or mindset.
If you can't spot the liquidity then you are the liquidity.
Miembro desde Jan 10, 2022   posts 40
Jan 27, 2022 at 05:15
Peace of mind is crucial as clear decisions can not be made with a disturbed mind.
Miembro desde Jan 10, 2022   posts 19
Jan 27, 2022 at 08:49
Placing trades with a relaxed mind definitely turns out to be better.
Miembro desde Jun 07, 2021   posts 72
Jan 28, 2022 at 06:51
The state of mind matters a lot while trading. A person with a fresh mind can make better decisions and earn profits.
Miembro desde Jan 18, 2022   posts 20
Jan 31, 2022 at 07:39
Trading while worrying about other things is like solving mathematical problems while listening to music. It won’t be profitable and instead you can lose your money if you trade with disturbances in your mind.
Miembro desde Mar 16, 2021   posts 477
Jan 31, 2022 at 14:22
GeorgeBischof posted:
YEs, you need a proper sound mind to concentrate on your trading and it will help you to make money from this risky market.
Trading risky market therefore needs to be analyzed with full attention.
Miembro desde Jan 11, 2022   posts 45
Feb 01, 2022 at 07:37
Doing forex trading with a sound mind and a good strategy will bring you a lot of profits. A trader should always do forex trading with a sound mind because it will affect the way you trade. It is not good to do forex trading while you are angry or sad, because emotions can affect your judgement and you won’t be in a position to make good decisions.
HeavenLeighGill (HeavLeighGill26)
Miembro desde Aug 05, 2021   posts 401
Feb 02, 2022 at 17:54
I think a lot of us get blindsided by the emotional aspects of trading, especially since demo accounts don't really prepare you for it. Suddenly it's a lot harder to stick to your plan when real money is on the line, but it's crucial to get past that.
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