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Psychology of Forex Trading

WinterWalker
Feb 24 2019 at 07:29
11 postów
There will always be losses. It is stupid to think that even with a good strategy there will be no losses. Even pro have months of losses

forex_trader_[565984]
Feb 24 2019 at 08:22
144 postów
Alcides666 posted:
Maybe so but the losses start due to back knowledge. if they have good knowledge then wont has many losses and will be no need for revenge trading and emotion

Revenge trading happens if the system is not well tested with past data and if the trader doesn't have a trading plan or simply if he is gambling.

Because gaining knowledge is easy, but applying the knowledge at the right time is sometimes difficult. So trading practice during backtesting a system and forward testing in demo accounts can help newbie traders to succeed in forex fast.

AniLorak
Feb 25 2019 at 11:57
920 postów
WinterWalker posted:
There will always be losses. It is stupid to think that even with a good strategy there will be no losses. Even pro have months of losses


That’s real scenario, mate! There is nothing like 100% in Forex, it’s all about the probabilities.

AharonGorion
Feb 25 2019 at 13:49
7 postów
AniLorak posted:
WinterWalker posted:
There will always be losses. It is stupid to think that even with a good strategy there will be no losses. Even pro have months of losses


That’s real scenario, mate! There is nothing like 100% in Forex, it’s all about the probabilities.


What is good win rate that a real trader gets?

Imamul
Feb 27 2019 at 12:28
624 postów
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.

vontogr (togr)
Feb 27 2019 at 13:06
4862 postów
ChristianBeach posted:
I too found converting a manual strategyt to EA very difficult. I think EA are better suited to non standard strategies. Trying to get support and resistance lines on an EA is almost impossible


I haven't strategy which could not be converted to EA within a day.
The problem is that usually the strategy itself is not well described.

Tcollinwood
Feb 28 2019 at 06:50
11 postów
togr posted:
ChristianBeach posted:
I too found converting a manual strategyt to EA very difficult. I think EA are better suited to non standard strategies. Trying to get support and resistance lines on an EA is almost impossible


I haven't strategy which could not be converted to EA within a day.
The problem is that usually the strategy itself is not well described.


Could you please clarify what exactly you mean?

Adribaasmet
Feb 28 2019 at 07:58
951 postów
togr posted:
ChristianBeach posted:
I too found converting a manual strategyt to EA very difficult. I think EA are better suited to non standard strategies. Trying to get support and resistance lines on an EA is almost impossible


I haven't strategy which could not be converted to EA within a day.
The problem is that usually the strategy itself is not well described.

Did you mean that, you can convert your strategy to EA so quickly? Or anything else?

Imamul
Mar 01 2019 at 13:34
624 postów
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

MotoGP
Mar 04 2019 at 15:16
10 postów
If you find Forex trading boring then you should leave and try something else. No one will make money doing something that they do not enjoy. I love everything about Forex, the fundamentals the technical all that. There is so much to learn and I still love the thrill of entering a trade.

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