Feb 01 2021 at 11:19
AliaDare posted:Agreed, mental peace is very much needed before starting trading.
It is never possible to trade properly if the mental condition is not right. So the mentality should be fixed first.
Trading is 90% mental work. A trader must master their trading psychology in order to become successful.
In trading, peace of mind is highly important to make the trading functional.
Maximum attention and focus are very important in trading.
Mar 17 2021 at 10:02
These are very well explained and are also pertinent for the success of a trader. Thanks for sharing these steps.
Mar 17 2021 at 10:51
Mental work is important and can put a trader off course but it is secondary to strategy development and risk management
Mar 17 2021 at 18:58
Fight4noob posted:If you want to become successful in the forex market, you have to make a good trading plan.
Mental work is important and can put a trader off course but it is secondary to strategy development and risk management
Some of my tips for new traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.
Mar 26 2021 at 10:19
Thank you for sharing these valuable steps and your insight for newbies on the platform
MichaelEX posted:I agree with you. But a trader needs proper knowledge first before making any strategy.
Trading is 90% mental work. A trader must master their trading psychology in order to become successful.
May 10 2021 at 23:58
After all, it’s a mind game. So, prepare the mind and trade with the proper mindset.
May 11 2021 at 08:36
I can say that the psychological attitude really gives a lot
Jun 06 2021 at 13:13
After all, it is a mind game. So, mental strength is needed.
Jun 06 2021 at 15:53
If you study Behavioral Finance, you'd very much know how the markets just work based on traders' psychology. So it's true that it's just a mental game, but a very tough mental game! There's this thing called Loss Aversion, where the degree of unhappiness you feel when losing is much greater than the degree of happiness you feel when winning. So the tendency is for people to be very irrational when they lose (multiply their risk, withdraw all their money, etc.). Keep this in mind! You need to find the right balance between not getting excited when winning and not getting stressed out when losing. Many years of experience in trading will teach you this.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Dec 15 2021 at 20:45
SofieAndreasen posted:Yes. Mental strength helps a trader to stick on his plan.
After all, it is a mind game. So, mental strength is needed.
SteveHanks posted:It also helps a trader to control his emotions and be on discipline.SofieAndreasen posted:Yes. Mental strength helps a trader to stick on his plan.
After all, it is a mind game. So, mental strength is needed.
Dec 17 2021 at 13:06
Forex trading is all about making up your mind that you will lose money just the way you will make money. It won’t be possible for you to move ahead without making losses. Keep this in mind so that you don’t set unrealistic expectations and take unnecessary steps that could lead to more losses. Just make your mind and everything else will be sorted.
Trading success is not easy to achieve. Sometimes this requires real effort on yourself.
The average successful trader who have a psychological condition capable of controlling himself into a positive thing, with a State, then the trader will be maximized without thinking influenced the psychological pressure
