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Psychology of Forex Trading
Membro Desde Aug 27, 2017
994 posts
Aug 25, 2019 at 16:17
Membro Desde Aug 27, 2017
994 posts
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
No doubt; nowadays there have so many options but till now it’s challenging; because the success ratio is (till now) below the 10%!
Aug 31, 2019 at 12:23
Membro Desde Aug 11, 2017
886 posts
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
Membro Desde Aug 27, 2017
994 posts
Aug 31, 2019 at 20:00
Membro Desde Apr 18, 2017
920 posts
Mohammadi posted:
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
But you can make your better brain by meditation; it’s the best practice!
Sep 01, 2019 at 07:22
Membro Desde Aug 11, 2017
886 posts
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Sep 01, 2019 at 07:56
Membro Desde Aug 09, 2017
785 posts
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
Membro Desde Aug 27, 2017
994 posts
Sep 01, 2019 at 15:15
Membro Desde Aug 27, 2017
994 posts
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
Basically; which traders have a tendency to stop their learning process; generally they struggle a lot!
Sep 28, 2019 at 17:02
Membro Desde Apr 18, 2017
920 posts
Mohammadi posted:
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage.
Basically when I am not sure on the status of current market; then I don’t open any new position; since following the market trend is my main business!
forex_trader_795593
Membro Desde Oct 09, 2019
32 posts
Oct 14, 2019 at 08:50
Membro Desde Apr 09, 2019
9 posts
It's true you need to be disciplined, I agree with that. But in order not to lose a trade do not invest all your money into one trade and if it go against your position buy at the lower level. I think this is better than to put a Stop/Loss on losing position.
onebox@
Oct 20, 2019 at 17:43
Membro Desde Oct 20, 2019
9 posts
Monnex posted:That's the list that every trader should hang on the wall. Often we forget about these rules. Thank you!
Forex Psychology: If you want to profit from your trading don't do 7 mistakes
1- Trade too much
2- Risk too much
3- Thinking too much
4- Reading too much news & analysis
5- Gambling
6- Trading without a strategy
7- No money management
Oct 22, 2019 at 09:14
Membro Desde Apr 18, 2017
718 posts
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
No doubt; babypips course is useful; but you may noticed, it’s all about the basic info on trading! So, I am not overconfident on this free course!
Oct 27, 2019 at 15:12
Membro Desde Apr 18, 2017
920 posts
Roberto21 posted:
we always think which time is best for trading , i think every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly.
Well said; but basically set my entry point according to the position of support/resistant levels!
Oct 30, 2019 at 09:50
Membro Desde Oct 19, 2019
38 posts
Well yaa i agree somewhat. You should rather try to engage yourself on some forex trading forums where traders talk about their challenges, their strengths and tricks they use to trade forex. That’s a great place to learn from people’s experiences.
Membro Desde Sep 04, 2019
10 posts
Membro Desde Mar 03, 2019
57 posts
Nov 07, 2019 at 15:49
Membro Desde Mar 03, 2019
57 posts
cravenprofession posted:yeah there can be some of those types on forums, there are also others that are helpful and worth listening to.
I find forums interesting but dangerous. Mainly forums are filled with newbies offering there 2 cents rather than pros providing decent advice
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