Psychology of Forex Trading

Tough to find a good mentor though and not fall into a scam

brashentries posted:
Tough to find a good mentor though and not fall into a scam

Well, that’s the major issue which many traders are facing, other than emotional dis-balance. These scammers are ever ready to grab hold of you, so everyone has to be careful with what they choose, specially if its a paid service.

practice and learning , its a combination which is really important for the traders who are particularly beginners.

Mohammadi posted:
practice and learning , its a combination which is really important for the traders who are particularly beginners.

Practice is the best medicine; you can read tons of trading eBooks; but without enough practice there is no value!

When the risk is low, you can sleep better. I use the minimum available leverage. Therefore, when I make a decision, I can do it consciously.

How do you make any profit with minimum leverage. You must have a massive account. I need at least 1:100 to get any kind of decent profit

For new traders early success can effect them only, many people in other businesses dont consider forex a serious business where they can make money for living newbies need to understand this there is no short cut and no way to succeed without learning and experience.

Baazex posted:
For new traders early success can effect them only, many people in other businesses dont consider forex a serious business where they can make money for living newbies need to understand this there is no short cut and no way to succeed without learning and experience.

That’s the reality & I have no objection on it! Forex is not an easy way of money making! It’s a smart profession!

Bernfeld posted:
When the risk is low, you can sleep better. I use the minimum available leverage. Therefore, when I make a decision, I can do it consciously.

So, what’s your average risk percentage? 2% or near about 1%?

in Fx trading demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works, this approach always help me to avoid risk when trading in practically.