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Psychology of Forex Trading

Anthony Rizal (AnthonyWins)
Dec 17 2018 at 14:46
212 postów
AmDiab posted:
victoriajensen posted:
I find that the Non-Farm Payrolls can be traded from time to time, but you should probably wait out the first few whipsaws before opening a position.


During the NFP it’s really difficult; but after 30-40 minutes most of the times I get trade opportunities.


Yes, it makes sense standing on the correction movements after the main fluctuations. Just like trading on the reactions of investors

FuYating
Dec 17 2018 at 15:03
11 postów
The spreads are usually huge around non-farm payroll so I too prefer to stay away for at least half an hour

Imamul
Dec 18 2018 at 10:54
615 postów
I have seen so many traders who are particularly beginners always try to make money without learning. as a result they become loser when trading practically. Actually success is a long time process in Forex trading that’s why we the traders first of all have to be prepared to pass a long time in this volatile trading place, otherwise there is nobody who could achieve success from here.

ElDoradoGold
Dec 19 2018 at 08:43
8 postów
People think trading is easy and just start trading with a live account but then 90% lose money. it is not a surprise. Without learning you will surely fail at anything

Fannel (Faneel)
Dec 19 2018 at 08:47
11 postów
As i can see, all my friends in Forex start to learn forex after big losses as well as I. So its hard to me to speak about psychology in forex. When i started it was like fast money for me. Maybe all of you see the great adverising about forex. So i was stupid and thought i'm the smartest in the world and wil be rich after a week. 😁😀😁
But now i'm not stupid and have a min losses in trading.

AniLorak
Jan 10 2019 at 05:52
920 postów
Faneel posted:
As i can see, all my friends in Forex start to learn forex after big losses as well as I. So its hard to me to speak about psychology in forex. When i started it was like fast money for me. Maybe all of you see the great adverising about forex. So i was stupid and thought i'm the smartest in the world and wil be rich after a week. 😁😀😁
But now i'm not stupid and have a min losses in trading.


True; even I was started my learning process seriously after facing my 1st MC. No doubt, knowledge is the key here; and it’s a long term process (Forex learning).

NascarLover
Jan 11 2019 at 11:04
8 postów
I try to automate all my trading to avoid psychological problems. I can then be hands off and let the EA do all the work. No emotions there. There are limitations to robots but you can ensure that there is no revenge trading or bending of the rules

Adribaasmet
Jan 13 2019 at 07:42
947 postów
NascarLover posted:
I try to automate all my trading to avoid psychological problems. I can then be hands off and let the EA do all the work. No emotions there. There are limitations to robots but you can ensure that there is no revenge trading or bending of the rules


So, I guess you are a EA developer; isn’t? In addition, you have built your own trading EA; am I right?

Marcus (HyperAI)
Feb 01 2019 at 11:49
16 postów
NascarLover posted:
I try to automate all my trading to avoid psychological problems. I can then be hands off and let the EA do all the work. No emotions there. There are limitations to robots but you can ensure that there is no revenge trading or bending of the rules


Unfortunately, not all traders are EA developers and for most of us, psychology is a most important thing. Thus, maybe we should follow the automatisation way of trading evolution. To do this, we should develop our EA creating tools to get an opportunity create a more and more complicated apps.

vontogr (togr)
Feb 01 2019 at 11:53
4862 postów
HyperAI posted:
NascarLover posted:
I try to automate all my trading to avoid psychological problems. I can then be hands off and let the EA do all the work. No emotions there. There are limitations to robots but you can ensure that there is no revenge trading or bending of the rules


Unfortunately, not all traders are EA developers and for most of us, psychology is a most important thing. Thus, maybe we should follow the automatisation way of trading evolution. To do this, we should develop our EA creating tools to get an opportunity create a more and more complicated apps.


You can always get somebody to program it for as low as $100
Still better than wipe $1,000 account right?

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