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You need sound mind

LukeRachel
Jan 31 2022 at 14:22
477 投稿
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.
Superfluous
Feb 01 2022 at 07:37
45 投稿
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)
Feb 02 2022 at 17:54
401 投稿
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.
LyudmilLukanov
Feb 06 2022 at 20:16
869 投稿
Trading psychology reflects traders' thinking and behavior patterns. Simply put, it's about the balance of fear and greed that governs each trader's behavior and investment.
Quercine
Feb 07 2022 at 10:02
48 投稿
Undoubtedly! Forex trading is more of a mind game. You need to enter into the market with a practical mindset and will to consistently put in hours. Shun the idea that you will make a profitable trader in a year or two. Focus on your skills and the result will follow.
tatteredhope
Feb 07 2022 at 14:27
9 投稿
I always have mental test before I trade. Am I angry, sad or generally feeling emotional. If so then I do not trade
ElliotEll
Feb 08 2022 at 05:33
24 投稿
tatteredhope posted:
I always have mental test before I trade. Am I angry, sad or generally feeling emotional. If so then I do not trade
That's pretty nice actually! And this really needs to be practiced by everyone of us.
croisssan
Feb 08 2022 at 13:46
939 投稿
Sometimes it's best to keep your thoughts to yourself. This option may be safer.
skihav
Feb 08 2022 at 14:31
801 投稿
But what if thoughts are not always worthy of being voiced?
Nakedize
Feb 10 2022 at 04:42
46 投稿
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.
Chelsea Blacks (blackChelsea)
Feb 10 2022 at 07:44
125 投稿
I agree! Emotions are with a traders till he lives. Removing emotion from trading is not easy. One should trade with proper strategies so that trades are based strong analysis and not on the behavior of the others.
CraigMcG2020
Feb 10 2022 at 08:05
399 投稿
Nakedize posted:
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.

For sure i think the most important thing is they have strict trading plans. There will be days where we all make mistakes and we all get emotional we're human beings but if we have rules to guide us we can overcome this
Amytradesforex
Feb 10 2022 at 08:07
23 投稿
CraigMcG2020 posted:
Nakedize posted:
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.

For sure i think the most important thing is they have strict trading plans. There will be days where we all make mistakes and we all get emotional we're human beings but if we have rules to guide us we can overcome this
Following a trading plan strictly is quite beneficial.
Nakedize
Feb 14 2022 at 04:44
46 投稿
A sound mind is the basic requirement of forex trading. Good decisions are only possible with a sound mind. A disturbed mind will always hinder a trader's ability to go the right way.
Vicenox
Feb 14 2022 at 07:37
20 投稿
Nakedize posted:
A sound mind is the basic requirement of forex trading. Good decisions are only possible with a sound mind. A disturbed mind will always hinder a trader's ability to go the right way.
Agreed! I have faced many bad trades because of this. But when I started meditation, I realized that I have a better control on myself.
MasterMove
Feb 16 2022 at 12:19
35 投稿
In forex trading, you need to have patience and always wait for the right time when you can place the trades.
Marcolis
Feb 18 2022 at 13:14
219 投稿
Michihito posted:
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.

I agree with you! This is why, when I have a clear picture on my trading chart; only then I open my new trade position! On the other hand, when I’m focused on the chart, I just avoid that trading pair, because with a confused mind, its really hard to sustain here!
skihav
Feb 18 2022 at 13:30
801 投稿
To be honest, it's not always worth voicing your thoughts. This may not have the most pleasant consequences.
Willowerno
Mar 04 2022 at 03:57
38 投稿
A trader should have a sound mind in order to make right trading decisions. Any kind of emotional imbalance can hamper the trading decision and may lead to losses.
Marcolis
Mar 04 2022 at 04:34
219 投稿
You should keep your mind healthy to trade Forex nicely. This is the point which is a cause for many traders unsuccessfulness. Another point is that traders are not mentally satisfied with their earning. How much the amount is, they are not satisfied. So, it destroys their mental peace and creates anarchy in trading.
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