Aug 02 2022 at 12:25
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Aug 04 2022 at 07:43
Eloise posted:True and to add on I would say that keeping a check on your mental health is very important if you want to survive in forex market.
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Aug 04 2022 at 08:06
Adrian78 posted:Yes, I completely agree with you.
Trading psychology is complex and challenging to fully comprehend. The two human emotions that underlie this worldview, fear and greed, must be controlled in order to engage in effective trading.
Aug 04 2022 at 13:33
Of course, it is very important to study the psychology of trading in order to become a successful trader. Understanding how you feel about trading can be just as important as working on your skills in the stock market. Nothing can destroy your trades faster than emotions. Fear, greed, hope, regret - they can all hurt your trading.
Aug 08 2022 at 12:11
Being patient and consistent is what that get's me going.
Aug 08 2022 at 12:27
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Aug 09 2022 at 11:06
Trading psychology is a concept that needs to be understood by all of us if we want to attain long term success in forex. Emotional trading can be very dangerous and it often stops us from following our actual trading plan and attaining our goals as a forex trader. I would say emotional intelligence is something that needs to be developed for one to become a successful forex trader.
Aug 09 2022 at 11:29
As a trader, focusing on trading psychology is a must. Without considering trading psychology, a trader fails miserably in the financial markets. Maintaining emotions, patience, and using the right emotions at the right time is crucial.
Aug 15 2022 at 03:18
Trading is complex and requires a lot of patience to act. Don't make rash decisions and try not to be so emotional about your trades.
Aug 15 2022 at 13:04
If someone has psychological problems in trading, he should focus on automatic or at least semi-automatic solutions.
Emotions are not a good advisor.
Emotions are not a good advisor.
Miracles happen everyday. Goodness returns.
Aug 20 2022 at 04:56
Traders that have better control over their feelings and emotions tend to make more logical decisions as compared to those who follow their feelings. A proper strategy and analyses of the market before implementing anything help the traders to control their emotions.
Sep 08 2022 at 11:41
We should understand some facts in early stages of trading that if we let our emotions control our reflex actions then it would bring no good results and trades will not obviously perform better. Our actions should only be driven by logical decisions and knowledge we hold, if there is any emotional imbalance due to lack of control then it can seriously reflect in your trades.
Sep 08 2022 at 12:30
Trading is a complex of skills, psychology and luck. Some time it's more psychological depended, some time it's just lucky profit and some time it's kit of skills. It's hard to determine what is the main one. But I know that if you lost any of this points, you will bow accounts.
Sep 12 2022 at 13:03
I massively underestimated trading psychology before I started trading. I thought it was all about pattern recognition but the psychology really affects the ability to see patterns and make the right trading decision
Sep 16 2022 at 00:57
Psychology has high role in trading, no doubt poor control of emotion often causes bad trading, when you face successive losses, out of control emotion can leading you to making bad decision with high desired to recover loss at short time, this is wrong mindset, we need to keep discipline works risk management.
Sep 17 2022 at 07:22
Practice and hard work are the keys to developing trading psychology. Whenever we trade, we should always keep our emotions in check. This is the only way we can perform to our full potential.
Sep 17 2022 at 17:00
Decentralization is the nature of Forex, meaning there is no central authority to control the market.
Sep 26 2022 at 09:59
Lionkingdom posted:lucky is the word for gamblers
Trading is a complex of skills, psychology and luck. Some time it's more psychological depended, some time it's just lucky profit and some time it's kit of skills. It's hard to determine what is the main one. But I know that if you lost any of this points, you will bow accounts.
Sep 27 2022 at 11:59
It's important to have the proper trading psychology. Learning about trading and developing skills have helped me to overcome negative trading psychology.
Nov 03 2022 at 11:11
hendrickscock posted:
You can't trade well if you can't keep your emotions under control when making trading decisions. Trading has numerous components, one of which is psychology. As a trader, your psychology will determine how well you succeed in the market and for how long. To comprehend what you can do with your trading, you must first trade with the proper mindset.
Exactly! A trader should learn patience and discipline in order to make yourself calm while trading.
