Psychology of Forex Trading

MotoGP posted:
If you find Forex trading boring then you should leave and try something else. No one will make money doing something that they do not enjoy. I love everything about Forex, the fundamentals the technical all that. There is so much to learn and I still love the thrill of entering a trade.

I beg to diifer but successful trading should be boring.

https://optimusfutures.com/tradeblog/archives/why-trading-should-be-boring/

I believe that if you develop your trading constantly, it will never become boring.

Prest posted:
I believe that if you develop your trading constantly, it will never become boring.

It’s true; basically which traders don’t know the story behind the market moves, Forex is boring only for these types of people.

Learning, failing and succeeding are the thrilling parts of trading.. If they're not, and 'getting rich quick' is, then trading is not for you.

Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .

Emotion is a money killer.

FMovingAverage posted:
Learning, failing and succeeding are the thrilling parts of trading.. If they're not, and 'getting rich quick' is, then trading is not for you.

Well said; I don’t think, it’s possible to make money here without any lose! Because, it takes such a long time to learn Forex. There is no shortcut way of money earning.

in Fx Patience is important, I do agree. But more important is trading discipline. Without real trading discipline that’s not possible at all to lead a successful trading life with certainly in spite of having most powerful analyzing trade knowledge.

Forex Trading Psychology – Manage your emotions while trading. Having expertise in market analysis or having extensive knowledge about Forex is not the only factor that determines the success of a Forex trader. ... “The key to trading success is emotional discipline.

Beginners shouldn’t invest their real money here! They should invest their time first, yes learning is the main job for novice traders, and they should start their learning from technical-fundamental-sentimental! If they start from sentimental then they would lose their momentum so easily! I see, generally all of novice traders are too hurry, so please don’t expect here instant result!

Truly Forex is an excessive amount of intense for the dealers who are in especially amateur. In this way, clearly another broker should strive to accomplish the market effectively. they should make a best methodology for themselves . they ought to invest the greater part of their energy in breaking down Forex showcase since it will build their insight into examination. They likewise should rehearse much on demo record to make their exchanging simple. At that point they ought to pick a privilege and presumed merchant for them .

To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.

Imamul posted:
To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.

I couldnt agree more. First you must survive then with experience everyone can be succesfull in this market because it is very hard to gain constant income but It gives you many opportunity to do

pancarjack61 posted:

Imamul posted:
To enter Forex market is so much easy. With little amount you can kick off trading at any place. But the main deal is surviving that is really difficult. Because this market is too much volatile and no one can predict the real faction of this market with surely. so we have to pass a long time in here , if we want to get maximal result from here.

I couldnt agree more. First you must survive then with experience everyone can be succesfull in this market because it is very hard to gain constant income but It gives you many opportunity to do

You are right! It’s very challenging to make consistent money here! Only high-skilled traders can do so.

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.   

It is important to always continue learning. The markets are continuously changing and it is important to keep learning and adapting to any changes

for beginners no way the importance of demo , but the problem is , the experience we took from demo practically not work in a real account.

Some say that traders who lose the most money, are highly intelligent. So, what causes such big losses?

Some blame the markets, politics, economic conditions, or even their strategy. Even though all of those might be accurate, one of the most significant reasons for failure is emotion.

In our line of work, acting on emotion leads to disaster. This is why you should always trust your money with people who are able to take emotion out of the equation.

Our experts exhibit mental attributes which help them stay focused on the long-term prospect, even when the short-term seems overly attractive. A successful trader must:

1.Know what to expect
2.Develop and stick with a strategy
3.Know when to trade and when not to trade
4.Be patient
5.Adapt to current market conditions
6.Focus on being consistent in the long run
7.Take reasonable action

Feel free to send us a message if you need any help with your trading. We're always glad to help people achieve their goals.
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Baileyhart posted:
Trading Psychology. Trading psychology is an important discipline that needs to be studied and understood by anyone who aims toward long-term success in the financial markets. ... Become a master of self-assessment and emotional discipline by combing through the educational Forex psychology material below

Perfect! In addition, I seem mediation is the best practice to build a strong mindset!