You need sound mind
Feb 15, 2022 zamanından beri üye
219 iletiler
Apr 07, 2022 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.
Feb 16, 2022 zamanından beri üye
119 iletiler
Apr 14, 2022 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.
Apr 18, 2022 zamanından beri üye
51 iletiler
Apr 27, 2022 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.
Jul 20, 2020 zamanından beri üye
399 iletiler
Apr 27, 2022 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
Feb 15, 2022 zamanından beri üye
183 iletiler
Apr 28, 2022 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.
Sep 10, 2021 zamanından beri üye
20 iletiler
Apr 28, 2022 at 07:08
A calm mind will be able to make better/wise decisions.
Apr 14, 2022 zamanından beri üye
32 iletiler
Apr 29, 2022 at 11:42
A bad day in trading can make you feel frustrated and upset. But you need to keep your mind calm and cool as emotions can ruin your knowledge as well as skills.
Mar 24, 2022 zamanından beri üye
56 iletiler
May 02, 2022 at 04:15
The ability to control your actions and know the right time frame to make a move is essential in forex trading as you must analyse which strategy may work and which won’t and be able to identify the right opportunity that will lead you to your goal without getting carried away by distractions. Traders must be confident and quick thinkers to slide through loss and earn profit efficiently.
Apr 14, 2022 zamanından beri üye
34 iletiler
May 02, 2022 at 11:55
Of course, in order to trade forex successfully, you must have a clear mind.
I believe that while trading in forex, you must be focused, because if you lose your calm, you may incur losses.
I believe that while trading in forex, you must be focused, because if you lose your calm, you may incur losses.
Feb 20, 2021 zamanından beri üye
78 iletiler
May 12, 2022 at 04:58
Every trader’s ultimate goal is to achieve consistency in making profits. They need to have a calm and patient mind that can think of good strategies even if the market is highly volatile and stay focused and disciplined throughout.
Jun 02, 2022 zamanından beri üye
24 iletiler
Jun 16, 2022 at 10:32
Trading is a mind game; thus, to make money, you need to be aware of how you take things in control. Avoid reacting the same way the market does. Give time to analyse it and then make a decision.
May 07, 2022 zamanından beri üye
40 iletiler
Jun 16, 2022 at 11:14
lauraJohnson posted:Yes, you are right. Moreover, having a sound mind benefits you not just in trades but also in life.
Having a clear and sound mind while trading in forex is very important as one should be focused while making his trades else, he may incur a huge amount of losses. Trading in forex requires a high level of judgement in decision making which is why a trader has to be in a sound mind so that he can sustain in forex.
Jun 02, 2022 zamanından beri üye
23 iletiler
Jun 20, 2022 at 10:59
In order to become a consistently profitable trader, you need to have a clear head so that you can adapt to the market as it is and don’t set unrealistic expectations that may ruin your trades.
Jun 03, 2022 zamanından beri üye
17 iletiler
Jun 21, 2022 at 08:15
Sound mind is very important for making rational trading decisions. Market has no emotions and can wipe you out if you let any kind of negative emotion overrule you.
Jun 02, 2022 zamanından beri üye
20 iletiler
Jun 23, 2022 at 07:36
To succeed at any endeavour, one must have a well-balanced mind. Good decisions can only be made by people who have a clear head. In order to have a long and fruitful trading career, this is a prerequisite.
Feb 15, 2022 zamanından beri üye
183 iletiler
Jun 29, 2022 at 04:44
Michihito posted:Absolutely, Forex is all about mental game! And there is no way to be a successful trader with an unstable mind! Psychological stability is such an important parameter here!
A trader needs a sound and composed mind to trade currency. If we are not mentally stable we won't be able to make profit. We need to be emotionless during trading decision. There are traders who can do good market analysis but can't make money by trading due to psychological issues.
Feb 16, 2022 zamanından beri üye
67 iletiler
Jun 29, 2022 at 15:34
Borrowing money from banks for trading Forex is never a recommendable option. Forex is an uncertain market where anything can happen anytime. So, traders should not take such a risk that throws his lesser guarantee to payback his loan.
Mar 31, 2021 zamanından beri üye
229 iletiler
Jul 26, 2022 at 13:16
It is very easy to talk about emotionality. But in reality everything is much more complicated. Unfortunately it is impossible to completely turn off emotions. But they can really be reduced. Everything is in your hands, dear traders. Do not hesitate to hold back.
Think thrice before opening an order
Jul 13, 2022 zamanından beri üye
19 iletiler
Jul 27, 2022 at 05:16
Letting emotions dictate trading decisions is the biggest error any trader can make. A successful forex trader will experience numerous little loses as well as a few large profits. It's better to have a positive mindset and shouldn't feel overwhelmed with losses.
May 30, 2022 zamanından beri üye
27 iletiler
Aug 04, 2022 at 07:09
Every trader is different and they undergo several emotions. When trading forex it is important to be mentally fit else we can face severe losses. To keep emotions under check, formulate your trading strategy based on your needs and market knowledge. Identify and set up your risk levels and benchmarks on when to enter and exit. Keep revising the plan time and again to ensure you are on the right track.
