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Don’t Let Your Emotions Dictate Your Forex Trading
em
Novos Negociantes
Apr 23, 2021 at 17:18
I can say from my experience that I have lost a lot by trading emotionally. A lot of times I have closed with a loss in profitable trade which was very sad for me. That is why one should never trade emotionally.
Confidence is very important
em
Geral
Apr 23, 2021 at 17:09
When a trader makes a consistent profit, he becomes overconfident. Overconfident should be eliminated by controlling emotions at that moment. And trading plans should be made with confidence. It is possible to trade professionally.
Signals are profitable?
em
Geral
Apr 22, 2021 at 16:57
Knowledge is very important to gain trading profit. I think I have to learn to trade on my own.
Over-trading is a very harmful
em
Geral
Apr 21, 2021 at 16:19
Yes, trading can lead to overtrading if I cannot control emotions.
Do you have a favorite volatile currency pair? Any AUS/USD users?
em
Geral
Apr 21, 2021 at 16:12
I think US trading hours should be used. Because the movement is much better in this session.
Purpose of demo trading
em
Geral
Apr 20, 2021 at 15:42
Yes, demo trading is very important. It is more collaborative for most beginner traders. Demo platforms help a lot in developing strategies.
When a trader uses small
em
Geral
Apr 20, 2021 at 15:37
That's right. It doesn't take long for an investment to be zero in a small deposit. At the same time, if the mindset is not applied properly, there can be more problems.
To learn the art of trading
em
Geral
Apr 19, 2021 at 16:54
Yes, you are right. A demo account is a perfect platform for trading education but it is possible to gain more experience in real trading.
When a trader uses small
em
Geral
Apr 18, 2021 at 17:10
Adequate investment is required to make a good profit. If I think of small deposits and high profits, that mindset will not help me sustain my investment.
Purpose of demo trading
em
Geral
Apr 18, 2021 at 17:06
Yes, that's right. How to manage trade? How to maintain money management? How to do the analysis? The demo is the best platform to practice all these things.
Spreads
em
Geral
Apr 17, 2021 at 16:43
Good information. I have learned something good from this post.
To learn the art of trading
em
Geral
Apr 17, 2021 at 16:37
Trading experience should be gained with patience. If I want to be financially self-sufficient from trading without gaining experience, it will be difficult to make a profit.
There is a proverb that practice
em
Geral
Apr 16, 2021 at 16:20
Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.
In trading consistency is important
em
Geral
Apr 16, 2021 at 16:13
It is very important to maintain consistency in trading. If I make a profit of 10 pips and lose 20 pips, it is not possible to proceed from trading. So I have to work with patience by creating a positive trade setup.
profits in forex trading
em
Geral
Apr 15, 2021 at 15:39
That's right. The first step in trading is to gain knowledge about analysis. There are different types of analysis, I have to make a profit by applying that analysis. I like to make a profit by trading technical and fundamental. These two analyzes have to be combined.
There are lot of common mistakes
em
Geral
Apr 15, 2021 at 15:33
It is not possible to make a profit without first gaining knowledge. Second, emotion control is essential. If it so happens that I am making these two things a mistake, I can't expect anything good from trading.
I NEED A FOREX GROUP
em
Geral
Apr 11, 2021 at 14:56
This is a very good idea. First I need to visit different traders with their trading ideas. This requires a trading group.
Money management is an integral
em
Geral
Apr 11, 2021 at 14:43
Excellent. Money management is needed to control loss. This is something I must keep in mind no matter what strategy I use.
discipline in Fx
em
Novos Negociantes
Apr 09, 2021 at 18:06
Yes, you are right. It is never possible to make a profit without discipline. If I have to maintain discipline and trade then I can only get financial support from trading.
Is trading for living possible?
em
Geral
Apr 09, 2021 at 18:01
Exactly. It is possible to live peacefully by trading Forex. As a trader, I always trade with patience. This goal can give me a lot of profits in trading.
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