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  1. #1
    Kevin Pietersen
    Guest

    Forex Exchange Trading.

    The world as well as the life in it is always developing from the time to time. Although some of the changes is bad, but mostly changes are made to make a better life in the future. Usually the world’s condition and the life in it changed because of the development of the psychology. By the technology, many things that were undoable now become doable. One of the example is the online Forex trading. If in the past people still do it manually, nowadays we can do it faster and more accurate. First thing that we need to remember before performing the Forex trading is the trader psychology effect that might attack anyone new in Forex trading.

    If before they are actively involved in the Forex trading they can think clearly about the steps and can also make clean decision about something regarding to the trading, after they are involved, their mind is blurred. It is because a combination of fear to lose the money with a feeling of greediness. This is way, trader psychology has to be eliminated because trader psychology will definitely bring bad influence towards the trading.

    There are many sources, on the internet that are talking about this trader psychology. In those sources, it is also mentioned about how to avoid the trader psychology effect. One of the ways is by establishing a good trading strategy that can avoid you from losing too much money. Although looks very simple, actually in order to plan such strategies, deep understanding about the Forex trading is needed. For more information about how to avoid trader psychology effect, you can browse the internet.

  2. #2
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
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    Credits
    240
    My Language
    English
    Yea! I love simple trading strategy more than complicated one. It will be better if we could make good profit with simple trading strategy in Forex then we followed the complicated one. But, many traders didn’t believe in simple trading strategy, for me as long as we have tested the strategy in our demo account. On the other hand, if beginner traders could sit down and draw a trading plan of what they expect to gain from their Forex trading business. Using a practical approach and also not hell-bent on the chances of success. But, also considering the 9 in 10 likelihood of a loss, then they will really become better traders.

  3. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    428
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    Credits
    249
    My Language
    English
    Trading strategy is really important and choosing a strategy while being still a newbie we need to choose a recommended strategy which experienced traders are advising us to use it and when you get the experience which allow us to try to create our own trading strategy and test it on demo accounts we can make our own one and learning from traders experience and sharing our trading knowledge is really good thing that helps us to be successful traders. Actually, Forex trading is the most popular onloune business where a trader can earn unlimited money from his small investment, that’s the beauty of Forex.

  4. #4
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
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    Credits
    267
    My Language
    English
    Yes, there have more than thousands trading strategy or system in Forex market! But I seem, maximum indicator based trading strategies are valueless, that’s way I use Price Action trading strategy for doing my live trading! The most interesting point on Price Action trading is, this trading strategy works on all kind of trading instruments from Forex to CFDs! Even, I don’t need to use any technical tool in my live trading chart!

  5. #5
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,633
    Post Thanks / Like
    Credits
    1,827
    My Language
    English
    Quote Originally Posted by Zachary Davis View Post
    Yes, there have more than thousands trading strategy or system in Forex market! But I seem, maximum indicator based trading strategies are valueless, that’s way I use Price Action trading strategy for doing my live trading! The most interesting point on Price Action trading is, this trading strategy works on all kind of trading instruments from Forex to CFDs! Even, I don’t need to use any technical tool in my live trading chart!
    Forex traders need more planning and Efforts.

  6. #6
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,633
    Post Thanks / Like
    Credits
    1,827
    My Language
    English
    We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen.

  7. #7
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,633
    Post Thanks / Like
    Credits
    1,827
    My Language
    English
    I am doing my Forex Trading with the International Broker FXOpen
    They have Low Spreads in Gold and Forex Pairs with USD.


  8. ARIONFORXtarder
 

 

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