Psychology of Forex Trading
Uczestnik z Aug 27, 2017
994 postów
Aug 25, 2019 at 16:17
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
No doubt; nowadays there have so many options but till now it’s challenging; because the success ratio is (till now) below the 10%!
keeping patience.......
Uczestnik z Apr 18, 2017
718 postów
Aug 30, 2019 at 16:46
I think so; it’s challenging but there have so many educational courses through online; of course, it’s a positive sign!
Uczestnik z Aug 11, 2017
886 postów
Aug 31, 2019 at 12:23
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
Uczestnik z Aug 27, 2017
994 postów
Aug 31, 2019 at 16:18
When I was a newbie then I didn’t know the value of SL and avoided; as a result; I lost a bigger portion initially because of avoiding the SL! But, now I always set my SL according to the support/resistant levels!
keeping patience.......
Uczestnik z Apr 18, 2017
920 postów
Aug 31, 2019 at 20:00
Mohammadi posted:
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
But you can make your better brain by meditation; it’s the best practice!
Uczestnik z Aug 11, 2017
886 postów
Sep 01, 2019 at 07:22
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Uczestnik z Aug 09, 2017
785 postów
Sep 01, 2019 at 07:56
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
Uczestnik z Aug 27, 2017
994 postów
Sep 01, 2019 at 15:15
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
Basically; which traders have a tendency to stop their learning process; generally they struggle a lot!
keeping patience.......
Uczestnik z Aug 11, 2017
886 postów
Sep 08, 2019 at 06:16
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage.
Uczestnik z Apr 18, 2017
920 postów
Sep 28, 2019 at 17:02
Mohammadi posted:
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage.
Basically when I am not sure on the status of current market; then I don’t open any new position; since following the market trend is my main business!
Uczestnik z Aug 11, 2017
886 postów
Oct 02, 2019 at 03:57
Forex market place like an ocean where million $ looks as like a drop of water. and no chance to bring profit very rapidly from here without learning.
forex_trader_795593
Uczestnik z Oct 09, 2019
32 postów
Oct 14, 2019 at 05:17
We tend to let the emotions get the best of ourselves if thing are not going in our ways, so it is important to accept the loss and try to learn the mistake from it rather than getting upset like a child.
Oct 14, 2019 at 08:50
It's true you need to be disciplined, I agree with that. But in order not to lose a trade do not invest all your money into one trade and if it go against your position buy at the lower level. I think this is better than to put a Stop/Loss on losing position.
onebox@
Oct 20, 2019 at 17:43
Monnex posted:That's the list that every trader should hang on the wall. Often we forget about these rules. Thank you!
Forex Psychology: If you want to profit from your trading don't do 7 mistakes
1- Trade too much
2- Risk too much
3- Thinking too much
4- Reading too much news & analysis
5- Gambling
6- Trading without a strategy
7- No money management
Uczestnik z Apr 18, 2017
718 postów
Oct 22, 2019 at 09:14
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
No doubt; babypips course is useful; but you may noticed, it’s all about the basic info on trading! So, I am not overconfident on this free course!
Uczestnik z Apr 18, 2017
920 postów
Oct 27, 2019 at 15:12
Roberto21 posted:
we always think which time is best for trading , i think every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly.
Well said; but basically set my entry point according to the position of support/resistant levels!
Oct 30, 2019 at 09:50
Well yaa i agree somewhat. You should rather try to engage yourself on some forex trading forums where traders talk about their challenges, their strengths and tricks they use to trade forex. That’s a great place to learn from people’s experiences.
Uczestnik z Sep 04, 2019
10 postów
Oct 30, 2019 at 12:43
I find forums interesting but dangerous. Mainly forums are filled with newbies offering there 2 cents rather than pros providing decent advice
Uczestnik z Mar 03, 2019
57 postów
Nov 07, 2019 at 15:49
cravenprofession posted:yeah there can be some of those types on forums, there are also others that are helpful and worth listening to.
I find forums interesting but dangerous. Mainly forums are filled with newbies offering there 2 cents rather than pros providing decent advice
Uczestnik z Aug 09, 2017
785 postów
Nov 11, 2019 at 08:22
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
