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You need sound mind
Feb 07, 2022 at 10:02
会员从Jan 18, 2022开始
48帖子
Undoubtedly! Forex trading is more of a mind game. You need to enter into the market with a practical mindset and will to consistently put in hours. Shun the idea that you will make a profitable trader in a year or two. Focus on your skills and the result will follow.
会员从Feb 07, 2022开始
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会员从Jan 22, 2021开始
125帖子
会员从Jul 20, 2020开始
399帖子
Feb 10, 2022 at 08:05
会员从Jul 20, 2020开始
399帖子
Nakedize posted:
Emotions play a key role in trading because they impact trading decisions of a trader. Successful traders have full control on their emotions. They follow strict trading plans which help them stay focused during trading hours.
For sure i think the most important thing is they have strict trading plans. There will be days where we all make mistakes and we all get emotional we're human beings but if we have rules to guide us we can overcome this
Feb 14, 2022 at 07:37
会员从Jan 24, 2022开始
20帖子
Nakedize posted:Agreed! I have faced many bad trades because of this. But when I started meditation, I realized that I have a better control on myself.
A sound mind is the basic requirement of forex trading. Good decisions are only possible with a sound mind. A disturbed mind will always hinder a trader's ability to go the right way.
会员从May 31, 2021开始
35帖子
Feb 18, 2022 at 13:14
会员从Feb 15, 2022开始
219帖子
Michihito posted:
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.
I agree with you! This is why, when I have a clear picture on my trading chart; only then I open my new trade position! On the other hand, when I’m focused on the chart, I just avoid that trading pair, because with a confused mind, its really hard to sustain here!
会员从Jun 19, 2020开始
38帖子
Mar 04, 2022 at 04:34
会员从Feb 15, 2022开始
219帖子
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.
Mar 09, 2022 at 07:56
会员从Nov 23, 2021开始
34帖子
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.
会员从May 27, 2021开始
57帖子
Mar 10, 2022 at 10:27
会员从May 27, 2021开始
57帖子
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.
Apr 05, 2022 at 05:19
会员从Jan 21, 2022开始
57帖子
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.
会员从Jul 20, 2020开始
399帖子
Apr 05, 2022 at 07:04
会员从Jul 20, 2020开始
399帖子
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
Apr 06, 2022 at 00:22
会员从Apr 03, 2021开始
470帖子
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.
Apr 06, 2022 at 11:38
会员从Mar 23, 2020开始
63帖子
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
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