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  1. #41
    Junior Trader
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    Trading psychology can be our greatest foe. And actually it is for most of the traders. Forex trading includes feelings as there is benefit and misfortune. The issue is most traders disregard the mental part of the traders even they think about it. They don't chip away at to build up their trading brain science. They pursue procedure. Regular they search for another 100% productive system. Attempt to know the business first you will get achievement.

  2. #42
    Trader
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    I want to say that our activity and habits in the market during trading affect on our psychology and so we can control the fear and stress or we can increase them during trading, when we decrease the risk on the account and trade with the suitable volume then we will not be fearful and stressful or have little, but if we increase the risk and trade with big risk then we will be in great fear and stress especially when the market starts to go against us, so if he always manage the risk then our fear will be managed also and will be little and help us to take the right decisions of trading and manage the open trades in winning and loses and so this will keep the account safe always without exposing of it to big risk and keep making of money.

  3. #43
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    Yes trading psychology has to be well managed during trading. Many traders continuously watch the price ticks after opening a trade and this disturbs their psychology a lot. under the influence of emotions they might close the trade in small profits and even in some cases with losses. So to avoid these mistakes we should always trade with properly planning and strategy and heed to what we have planned and follow it with discipline. Trading without a plan or strategy is like we are trading for losses and of course who wants losses, so we should trade with discipline and keep in mind that earning in Forex isnt child's play.

  4. #44
    Junior Trader
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    I would suggest people to read some books on behavioral psychology. Things like that could really help people get an edge in Forex and in life in general

  5. #45
    Junior Trader
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    Psychology is always important in the work of a trader, because it will influence your further decisions and their results.

  6. #46
    Junior Trader
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    The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game.
    The formula is very simple: Trader with discipline and you will succeed; trade without discipline and you will fail.


    There are three spokes that make up, what I call the Wheel of Success as it relates to trading. The first spoke is content. Content consists of all the external
    and internal market information that traders utilize to make their trading decisions. All traders must purchase value-added content that provides utility in
    asking their trading decisions.


    The most important type of content is internal market information (IMI). IMI simply is time and price information as disseminated by the exchanges. After all,
    we all make our trading decisions in the present tense based on time and price. In order to scalp the markets effectively, we must have the most live and
    up-to-date time and price information seamlessly delivered to our PCs through a reliable execution platform and/or charting package.


    Without instantaneous time and price information, we would be trading in the dark. The second spoke is mechanics. Mechanics is how you access the
    markets and the methodology that you employ to enter/exit your trades. You must master mechanics before you can enjoy any success as a trader. A simple
    keystroke error can result in a loss of thousands of dollars.
    A trader can ruin his entire day with an inadvertent trade entry error. Once you have mastered order execution, though, it is like riding a bike. The process of entering and exiting trades becomes seamless and mindless. Fast and efficient trade execution,
    especially if you are trading with a scalping methodology, will enable you to hit a bid or take an offer before your competitors do. Remember, the fastest
    survive.


    The third and most important spoke in the Wheel of Success is discipline. You must attain discipline if you ever hope to achieve any level of trading success.
    Trading discipline is practiced 100 percent of the time, every trade, every day.


    the formula is not simple, but effective. Saved me a lot of bad investments and helped me achieved the results that i ve wanted and needed. the ebook and other useful books i found on finacademy . io - ahh its free content.


    hope it was helpful

  7. #47
    Senior Trader
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    We will need to have a control over the skills and trades done by us.
    FXOpen - one of the most successful and fastest-growing Forex brokers.
    UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.

  8. ARIONFORXtarder
 

 
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