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Trading Psychology

deresel
May 09 2016 at 16:53
708个发言
Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.




附件


FXJP
May 20 2016 at 07:47
2个发言
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!

vic84
May 23 2016 at 07:09
17个发言
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.

mlawson71
May 24 2016 at 09:41
1487个发言
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.

martinkolbe (martinkolbe)
Nov 17 2016 at 13:59
35个发言
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.

mr_cenk (mr_cenk)
Nov 22 2016 at 13:59
44个发言
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 😉

mr_cenk (mr_cenk)
Nov 22 2016 at 13:59
44个发言
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 😄

mr_cenk (mr_cenk)
Nov 22 2016 at 13:59
44个发言
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?

mlawson71
Nov 23 2016 at 12:26
1487个发言
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.

ben08in (ben08in)
Nov 23 2016 at 13:09
47个发言
deresel posted:
Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.





Good post but I would suggest you join the dedicated discussion for the EURUSD pair sharing your technical analysis as here the topic is different.

Trade fast, learn fast, never regret!
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