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Psychology of Forex Trading

oscarbc
Mar 26 2017 at 07:32
9 комментариев
In trading there is a small minority of winners and overwhelming majority of losers, and the latter will surely want to know the secrets of the success of the winners. But is there a difference between them? Yes, there is: the person earns money week by week, month by month, year by year, trade maintaining self-discipline. To the question about the secrets of their triumph, such winners answer without vascilar, that were able to reach those heights, when they learned how to control the emotions and to change the decisions, to equal the market.

mlawson71
Mar 26 2017 at 11:11
1487 комментариев
gustabofx posted:
The factor that motivates the trader to perform operations is the hope of making a profit. If hope prevails over the calculation, the trader runs the risk of overestimating his abilities when analyzing the situation. Hope must be in subordinate relationships with calculation and greed.


That is a great way of putting it, I think. One must always follow the market, rather than hope that the market will do what they want it to do.

Monnexfx (Monnex)
Jul 22 2018 at 12:51
56 комментариев
The true key of success trading is simply doing nothing most of the time just set your targets and leave the market play

Adribaasmet
Jul 23 2018 at 06:40
951 комментариев
Monnex posted:
The true key of success trading is simply doing nothing most of the time just set your targets and leave the market play



It’s not easy to do so; and I see pro traders have huge knowledge & experience and only then can enjoy this profession; without proper knowledge there is no way.

Monnexfx (Monnex)
Jul 23 2018 at 10:07
56 комментариев
yeah it's not easy that's why most traders still loosing money

kacper5
Aug 23 2018 at 11:02
10 комментариев
Adribaasmet posted:
Monnex posted:
The true key of success trading is simply doing nothing most of the time just set your targets and leave the market play



It’s not easy to do so; and I see pro traders have huge knowledge & experience and only then can enjoy this profession; without proper knowledge there is no way.


Absolutely right! it seems easy but actually it is very hard. Forex is a battle which can be win only with knowledge.

ChenChenGu
Aug 26 2018 at 06:16
6 комментариев
Interesting point about doing nothing most of the time. That concept helped me to. I taking about 10 trades a day and thoguht that was normal but it was over trading. I cut this down to only 3 a day max and found that it made me wait for the best opportunties

Adribaasmet
Aug 26 2018 at 10:18
951 комментариев
ChenChenGu posted:
Interesting point about doing nothing most of the time. That concept helped me to. I taking about 10 trades a day and thoguht that was normal but it was over trading. I cut this down to only 3 a day max and found that it made me wait for the best opportunties


How can you go with a fixed number; since sometimes there have no good entry point? What do you do actually mainly on this kind of session?

Monnexfx (Monnex)
Aug 26 2018 at 10:28
56 комментариев
In my opinion, there is no target of trades you must open every day, it depends on your strategy and what i mean is to do nothing is for to set your plan plus trades and forget them

Augusto84
Aug 27 2018 at 12:19
9 комментариев
I think what ChenChenGu meant was that they open UPTO 3 per day. So they can take 0 , 1 , 2, 3, but not 4 or more

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