kroxobor
Členom od Nov 23, 2021
34 príspevkov
Mar 09 at 07:56
Superfluous posted:That’s right, a trader who is dealing with emotional turmoil can damage his/her trade badly. Therefore, it is paramount for traders to have a sound mind while trading.
Doing forex trading with a sound mind and a good strategy will bring you a lot of profits. A trader should always do forex trading with a sound mind because it will affect the way you trade. It is not good to do forex trading while you are angry or sad, because emotions can affect your judgement and you won’t be in a position to make good decisions.
croisssan
Členom od Jul 22, 2021
939 príspevkov
Mar 09 at 11:22
This is often not very useful, but you should not underestimate the benefits of this either.
maria_no
Členom od Mar 08, 2022
15 príspevkov
Mar 10 at 08:43
Sound mind is quite relevant, but as long as your judgment isn't clouded by mistake or emotions, you should be good to go for trading.
skihav
Členom od Sep 05, 2021
801 príspevkov
Mar 10 at 09:40
It is worth understanding that sometimes your useful thoughts can benefit others. But it is worth understanding that in this scenario, you can worsen your result.
CocoChannel
Členom od May 27, 2021
57 príspevkov
Mar 10 at 10:27
maria_no posted:Indeed yes, a trader should always be patient and keep calm while he is placing trades, also greed should never let spoil his trading skills.
Sound mind is quite relevant, but as long as your judgment isn't clouded by mistake or emotions, you should be good to go for trading.
Gewgaw
Členom od Jan 21, 2022
34 príspevkov
Apr 05 at 05:19
Marcolis posted:Greed is the emotion that makes traders unsatisfied. If the trading is done out of greed it pushes you to overtrade which often leads to heavy losses.
You should keep your mind healthy to trade Forex nicely. This is the point which is a cause for many traders unsuccessfulness. Another point is that traders are not mentally satisfied with their earning. How much the amount is, they are not satisfied. So, it destroys their mental peace and creates anarchy in trading.
CraigMcG2020
Členom od Jul 20, 2020
331 príspevkov
Apr 05 at 07:04
Gewgaw posted:Marcolis posted:Greed is the emotion that makes traders unsatisfied. If the trading is done out of greed it pushes you to overtrade which often leads to heavy losses.
You should keep your mind healthy to trade Forex nicely. This is the point which is a cause for many traders unsuccessfulness. Another point is that traders are not mentally satisfied with their earning. How much the amount is, they are not satisfied. So, it destroys their mental peace and creates anarchy in trading.
It really is its seeing all the other people make thousands and feel you need to as well and also to push a trade when maybe you shouldnt. Once controlled it is so much better as youre more relaxed and in tune with your system
Suradi
(FXOday)
Členom od Apr 03, 2021
305 príspevkov
Apr 06 at 00:22
Emotion is the big enemy that comes to mind, if traders cant control emotion properly could lead them to make the wrong decision and resulted in bad result too, forex trading besides needing knowledge also need to build good psychological trading, this is also an important point in forex.
Salsitude
Členom od Mar 21, 2022
22 príspevkov
Apr 06 at 07:25
Sound mind refers to the mind that is calm and free from all kinds of negative emotions. Traders need to have a sound mind while trading for making trading decisions rationally and logically.
Cizel89
Členom od Mar 23, 2020
63 príspevkov
Apr 06 at 11:38
Absolutely sound mind basically signify that you are in the right mind, thus allowing you to be more perceptive when it comes to forex trading. This also allows you to throw out all the negative emotions that you have been keeping in the mind, just like the user said above
Marcolis
Členom od Feb 15, 2022
58 príspevkov
Apr 07 at 04:23
Definitely, you should belong to a sound mind for trading. If your mind is antiquated with several doubts, you can’t trade perfectly. To develop your mind the way it should be while trading, you must arm yourself with knowledge. Don’t let this tendency go downward because it’s essential.
Familistery
Členom od Mar 21, 2022
25 príspevkov
Apr 14 at 05:03
Of course, a sound mind is mandatory to trade forex efficiently. I believe trading is a psychological game and if you’re not able to concentrate properly, forex trading will bring you nothing. In this game you’ll have to have a strong hold on your emotions and keep fear and greed miles away from you.
LabuyaChicay
Členom od Feb 16, 2022
51 príspevkov
Apr 14 at 05:21
A Forex trader’s mind should not be antiquated with emotion, fear and other bad human qualities. Because these bad qualities work as a barrier to the Forex traders. Traders should follow risk management strategy in their trading because it is effective.
saluteband
Členom od Apr 14, 2022
31 príspevkov
Apr 25 at 04:08
When it comes to forex trading, having a sound mind is crucial. It has an impact on how you trade; you can't trade with an uneasy head. To be a great trader, you must first acknowledge the significance of emotion and psychology in trading and actively take steps to limit those impacts.
Intan013
Členom od Apr 25, 2022
3 príspevkov
Apr 25 at 09:59
Yes agree! Without having the knowledge of trading one cannot make the good trades.
Eloise
Členom od Apr 18, 2022
25 príspevkov
Apr 27 at 06:48
I agree! Emotions simply can't get in the way. Forex cannot be anticipated and losses are common while trading. Calm yourself and have a healthy mind while trading for that you can try meditation and proper sleep hours.
CraigMcG2020
Členom od Jul 20, 2020
331 príspevkov
Apr 27 at 16:46
Eloise posted:
I agree! Emotions simply can't get in the way. Forex cannot be anticipated and losses are common while trading. Calm yourself and have a healthy mind while trading for that you can try meditation and proper sleep hours.
Thats the thing losses are it doesnt matter how good a trader is the market is too volatile and has too many moving parts. If we have an edge and we let the law of large numbers take over we can be profitable even with the losses
SteveFx11
Členom od Feb 15, 2022
47 príspevkov
Apr 28 at 04:14
Traders need a sound and a stable mind and it should not be risk-taking. Maximum traders don’t belong to this sound mind as a result surviving in Forex has become difficult for them. Experience always helps traders in removing all the bad practices from their mind.
Tam_fx
Členom od Sep 10, 2021
20 príspevkov
Apr 28 at 07:08
A calm mind will be able to make better/wise decisions.