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Trading Psychology
Tham gia từ Nov 16, 2015
708bài viết
May 09, 2016 at 16:53
Tham gia từ Nov 16, 2015
708bài viết
May 20, 2016 at 07:47
Tham gia từ May 17, 2016
2bài viết
Ohhh Psicology! The hardest part to learn!
My humble advice for new traders is to start with little money... bc the only way to learn how to handle your emotions and be disciplined is by blowing up a couple of accounts (and you probably will!). Its not the same with demo account, when real money is on the line and when it hurst is when you really learn. FX is marketed as an easy way to get rich overnight but it seems that the mayority of traders, especially newbies loose money.
So be disciplined and dont get greedy when you have a long winning strike! Thats what kills account. Keep your leverage low and you will be able to go to sleep at night with a loosing position opened.
Good trading!
My humble advice for new traders is to start with little money... bc the only way to learn how to handle your emotions and be disciplined is by blowing up a couple of accounts (and you probably will!). Its not the same with demo account, when real money is on the line and when it hurst is when you really learn. FX is marketed as an easy way to get rich overnight but it seems that the mayority of traders, especially newbies loose money.
So be disciplined and dont get greedy when you have a long winning strike! Thats what kills account. Keep your leverage low and you will be able to go to sleep at night with a loosing position opened.
Good trading!
Tham gia từ Jun 07, 2013
17bài viết
May 23, 2016 at 07:09
Tham gia từ Jun 07, 2013
17bài viết
Psychological condition depends from trader to trader, everyone has a different approach towards trading, but as you spend time in the market you make more matured decisions.
Tham gia từ Dec 11, 2015
1487bài viết
May 24, 2016 at 09:41
Tham gia từ Dec 11, 2015
1487bài viết
Unfortunately reigning in your emotions is usually one of the hardest things to learn about Forex trading. You can learn the theory, you can even learn how to apply it in practise, but if your judgement is clowded by greed or fear you still will struggle to make a profit.
Tham gia từ Mar 14, 2016
35bài viết
Nov 17, 2016 at 13:59
Tham gia từ Mar 14, 2016
35bài viết
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
Tham gia từ Mar 14, 2016
44bài viết
Nov 22, 2016 at 13:59
Tham gia từ Mar 14, 2016
44bài viết
mlawson71 posted:
How reliable are the signals on the 1-minute frame though?
if you plan to stay in the market for even less time, they should be reliable 😉
Tham gia từ Mar 14, 2016
44bài viết
Nov 22, 2016 at 13:59
Tham gia từ Mar 14, 2016
44bài viết
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
Good points Martin! I agree with you 😄
Tham gia từ Mar 14, 2016
44bài viết
Nov 22, 2016 at 13:59
Tham gia từ Mar 14, 2016
44bài viết
MartimAlmeid posted:
I try different indicators and when all are presenting the same signal I open my position! sometimes the indicators show different signs so I just wait! 😀
Very good advice! I always try to do the same. What indicators do you use for identifying the signals and make the decision?
Tham gia từ Dec 11, 2015
1487bài viết
Nov 23, 2016 at 12:26
Tham gia từ Dec 11, 2015
1487bài viết
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
You're right. In the end what matters the most is what strategy fits the individual trader. If something is profitable for you, by all means, stick to it.
Tham gia từ Mar 26, 2015
47bài viết
Nov 23, 2016 at 13:09
Tham gia từ Mar 26, 2015
47bài viết
Tham gia từ Mar 31, 2015
45bài viết
Nov 30, 2016 at 15:48
Tham gia từ Mar 31, 2015
45bài viết
snapdragon1970 posted:
If your scalping on 1min time frames your moving in and out of positions quickly on your experience and skills not on a strategy.
I just what to add that choosing the trading style is part of the strategic decisions everyone of us make. Scalping is just very short-term oriented.
Tham gia từ Mar 14, 2016
35bài viết
Dec 05, 2016 at 14:43
Tham gia từ Mar 14, 2016
35bài viết
mlawson71 posted:martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
You're right. In the end what matters the most is what strategy fits the individual trader. If something is profitable for you, by all means, stick to it.
Yes, this is a the golden rule to follow!
Tham gia từ Mar 31, 2015
45bài viết
Dec 06, 2016 at 13:35
Tham gia từ Mar 31, 2015
45bài viết
martinkolbe posted:mlawson71 posted:martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
You're right. In the end what matters the most is what strategy fits the individual trader. If something is profitable for you, by all means, stick to it.
Yes, this is a the golden rule to follow!
That's for sure! 😄
Tham gia từ Mar 25, 2015
74bài viết
Dec 08, 2016 at 13:59
Tham gia từ Mar 25, 2015
74bài viết
martinkolbe posted:
Timeframes simply need to match the personality of the trader. If they reflect your emotional status - all fine. If you feel comfortable with M1 charts - trade on them. When it comes to stop losses, I would mention that a trailing stop could work even better.
Good point Martin, I agree with you about that.
Tham gia từ Oct 21, 2016
51bài viết
Dec 09, 2016 at 09:21
Tham gia từ Oct 21, 2016
51bài viết
mlawson71 posted:
Unfortunately reigning in your emotions is usually one of the hardest things to learn about Forex trading. You can learn the theory, you can even learn how to apply it in practise, but if your judgement is clowded by greed or fear you still will struggle to make a profit.
Did you managed to take control of the emotions after all? Or still learning how to do it?
Trade with determination!
forex_trader_381988
Tham gia từ Dec 06, 2016
37bài viết
Feb 26, 2017 at 06:57
Tham gia từ Dec 06, 2016
37bài viết
The psychological factor is a very important reason for the success and failure of the trader. By having a clear trading strategy and being able to accurately analyze the market, most traders record losses due to the inability to control their emotions.
forex_trader_372845
Tham gia từ Oct 31, 2016
36bài viết
Feb 27, 2017 at 19:22
Tham gia từ Oct 31, 2016
36bài viết
I think there really is no room for emotions or personal feelings when it comes to Forex trading. Make sure that as a trader, you stay completely objective and scientific or else we might see some very heavy losses. Now, the big question is how to control your personal emotions and keep them out of the bargain?
forex_trader_381988
Tham gia từ Dec 06, 2016
37bài viết
Feb 27, 2017 at 20:02
Tham gia từ Dec 06, 2016
37bài viết
I think the answer would be a negotiation technique. Make one for yourself and stick to it, no matter what.
However observe the market movements, both from the fundamental and technical point of view, and if something does not look good to you, do not trade, it is as simple as that. Trade is never against the trend, always remember 'the trend is your friend'. If you experience a loss, do not try to overcompensate on your next trade, stick to the plan.
However observe the market movements, both from the fundamental and technical point of view, and if something does not look good to you, do not trade, it is as simple as that. Trade is never against the trend, always remember 'the trend is your friend'. If you experience a loss, do not try to overcompensate on your next trade, stick to the plan.
forex_trader_370637
Tham gia từ Oct 21, 2016
9bài viết
Mar 26, 2017 at 07:32
Tham gia từ Oct 21, 2016
9bài viết
You will not be able to become a successful trader until you are ready for both wins and losses. Both are inseparable and important parts of the trading process. On the way to learning the art of trading, you can often find bribers. When the trader focuses on problems (there may be a multitude of problems, for example lack of means, resources and knowledge), he feels anger, guilt, disappointment and dissatisfaction. But such an emotional state will not allow you to move forward. If the loss is unacceptable to the trader, he will not be able to close the position he loses. When the trader is not prepared to face losses, in general, they occur more.
Tham gia từ Dec 11, 2015
1487bài viết
Mar 27, 2017 at 11:57
Tham gia từ Dec 11, 2015
1487bài viết
proyecto posted:
I think there really is no room for emotions or personal feelings when it comes to Forex trading. Make sure that as a trader, you stay completely objective and scientific or else we might see some very heavy losses. Now, the big question is how to control your personal emotions and keep them out of the bargain?
If you find the answer to that question, please share it, because after years of trading occasionally I still feel as anxious as when I was first starting.
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