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Psychology of Forex Trading
Členom od Nov 15, 2015
55 príspevkov
Jan 10, 2017 at 11:12
Forex Psychology: Professional traders goal is to catch lot winning trades and their profit is the difference between wining and losses trades
Členom od Nov 15, 2015
55 príspevkov
Jan 10, 2017 at 11:13
Forex Psychology: All traders who fails in the Forex market are no better than a gambler in a casino
Členom od Dec 11, 2015
1462 príspevkov
Jan 11, 2017 at 12:05
I don’t think that failing because of psychological pressure necessary makes a trader no better than a gambler. You can still trade based on your knowledge, rather than rely on luck, and still have your emotions get the better of you.
Členom od Feb 18, 2014
80 príspevkov
Jan 11, 2017 at 13:33
I would say what makes you a gambler is how you trade, not the result. I'm sure there are successful fx gamblers out there (although far less then unsuccessful ones ).
Členom od Dec 30, 2016
99 príspevkov
Jan 13, 2017 at 08:57
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Členom od Nov 15, 2015
55 príspevkov
Jan 16, 2017 at 14:12
Forex Psychology: The market moves up and down wait for the signal of the big market moves
Členom od Nov 15, 2015
55 príspevkov
Jan 16, 2017 at 14:21
Forex Psychology: Confidence trading comes from discipline and patient with great strategy plan
Členom od Nov 15, 2015
55 príspevkov
Jan 18, 2017 at 10:21
Forex Psychology: learn from your winning trades what you did right and why they was winning
Členom od Dec 11, 2015
1462 príspevkov
Jan 18, 2017 at 11:07
Monnex posted:
Forex Psychology: learn from your winning trades what you did right and why they was winning
That’s a great point. The persistent advice is to learn from one’s mistakes – and that advice is correct – but people often forget to mention to learn from one’s victories too, so they can repeat them.
Členom od Jan 20, 2016
1 príspevkov
Jan 18, 2017 at 12:08
very good thread for new traders😄😄
Členom od Mar 29, 2016
10 príspevkov
Jan 26, 2017 at 08:32
One of the main features of new traders; psychology: if you wish to go far in your trading, get ready for having first several accounts blown up. If you don't give up after it, then it is halfway of the beginning.
Členom od Aug 10, 2016
8 príspevkov
Jan 30, 2017 at 09:27
Gornix posted:
One of the main features of new traders; psychology: if you wish to go far in your trading, get ready for having first several accounts blown up. If you don't give up after it, then it is halfway of the beginning.
Old like world
Členom od May 04, 2012
1534 príspevkov
Jan 30, 2017 at 10:01
Napoleon said that only 3 things are needed to win a war: 1. Money 2. Money and 3. Money.
Those traders who have trouble handling their emotions need also three things: 1. EAs 2. EAs, and 3. EAs.
If you don't believe me, first try trading on a $50k account with 100+ lots MANUALLY, then lets talk again...
Those traders who have trouble handling their emotions need also three things: 1. EAs 2. EAs, and 3. EAs.
If you don't believe me, first try trading on a $50k account with 100+ lots MANUALLY, then lets talk again...
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Členom od Feb 12, 2016
394 príspevkov
Feb 02, 2017 at 12:09
Monnex posted:
Forex Psychology: learn from your winning trades what you did right and why they was winning
This is really important if you want to actually learn and become a real trader. If you don’t understand why you lose or win, basically you are gambling. Winning without realizing why is pure hazard.
Accept the loss as experience
Členom od May 04, 2012
1534 príspevkov
Feb 02, 2017 at 12:16
(upravené Feb 02, 2017 at 12:18)
TiffanyK posted:Monnex posted:
Forex Psychology: learn from your winning trades what you did right and why they was winning
This is really important if you want to actually learn and become a real trader. If you don’t understand why you lose or win, basically you are gambling. Winning without realizing why is pure hazard.
Well, this (mostly) gambling attitude of amateur traders is what is feeding the market makers and brokers.
Practically Forex retail trading functions as a - socially more acceptable - ONLINE CASINO game for most participants.
Prílohy:
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Členom od Feb 02, 2017
33 príspevkov
Feb 03, 2017 at 07:52
A trader requires a lot of skills to be successful in the Forex markets. Trading psychology is one such aspect where you should have the ability to understand the fundamentals and effectively apply it with complete discipline. Another important aspect is to have full control on your emotions. To be a successful trader, you need to be financially as well as psychologically ready to bear the loss and avoid emotional trading.
Členom od Nov 15, 2015
55 príspevkov
Feb 04, 2017 at 10:47
Forex Psychology: Support & Resistant levels are important for entry and stop your positions
Členom od Nov 15, 2015
55 príspevkov
Feb 04, 2017 at 10:58
Forex Psychology: you don't need to RISK too much to make more money
Členom od Mar 25, 2015
70 príspevkov
Feb 09, 2017 at 11:10
FxMasterGuru posted:
Practically Forex retail trading functions as a - socially more acceptable - ONLINE CASINO game for most participants.
I like your comparison here but to me it is 100% applicable especially for binary options. Retail forex at least gives us some room for reasonable action based on analysis. But as you said - for the majority it is all about hazard 😄
Členom od Mar 25, 2015
70 príspevkov
Feb 09, 2017 at 11:11
Monnex posted:
Forex Psychology: Support & Resistant levels are important for entry and stop your positions
That's true but how does this relate to psychology??
