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You need sound mind
Feb 07, 2022 at 10:02
Jan 18, 2022からメンバー
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.
Feb 07, 2022からメンバー
9 投稿
Jan 22, 2021からメンバー
125 投稿
Jul 20, 2020からメンバー
399 投稿
Feb 10, 2022 at 08:05
Jul 20, 2020からメンバー
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
Feb 14, 2022 at 07:37
Jan 24, 2022からメンバー
20 投稿
Nakedize posted: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.
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.
May 31, 2021からメンバー
35 投稿
Feb 18, 2022 at 13:14
Feb 15, 2022からメンバー
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!
Jun 19, 2020からメンバー
38 投稿
Mar 04, 2022 at 04:34
Feb 15, 2022からメンバー
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.
Mar 09, 2022 at 07:56
Nov 23, 2021からメンバー
34 投稿
Superfluous posted:That’s right, a trader who is dealing with emotional turmoil can damage his/her trade badly. Therefore, it is paramount for traders to have a sound mind while trading.
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.
May 27, 2021からメンバー
57 投稿
Mar 10, 2022 at 10:27
May 27, 2021からメンバー
57 投稿
maria_no posted:Indeed yes, a trader should always be patient and keep calm while he is placing trades, also greed should never let spoil his trading skills.
Sound mind is quite relevant, but as long as your judgment isn't clouded by mistake or emotions, you should be good to go for trading.
Apr 05, 2022 at 05:19
Jan 21, 2022からメンバー
57 投稿
Marcolis posted:Greed is the emotion that makes traders unsatisfied. If the trading is done out of greed it pushes you to overtrade which often leads to heavy losses.
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.
Jul 20, 2020からメンバー
399 投稿
Apr 05, 2022 at 07:04
Jul 20, 2020からメンバー
399 投稿
Gewgaw posted:Marcolis posted:Greed is the emotion that makes traders unsatisfied. If the trading is done out of greed it pushes you to overtrade which often leads to heavy losses.
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.
It really is its seeing all the other people make thousands and feel you need to as well and also to push a trade when maybe you shouldnt. Once controlled it is so much better as youre more relaxed and in tune with your system
Apr 06, 2022 at 00:22
Apr 03, 2021からメンバー
470 投稿
Emotion is the big enemy that comes to mind, if traders cant control emotion properly could lead them to make the wrong decision and resulted in bad result too, forex trading besides needing knowledge also need to build good psychological trading, this is also an important point in forex.
Apr 06, 2022 at 11:38
Mar 23, 2020からメンバー
63 投稿
Absolutely sound mind basically signify that you are in the right mind, thus allowing you to be more perceptive when it comes to forex trading. This also allows you to throw out all the negative emotions that you have been keeping in the mind, just like the user said above
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