Forex Zone | Forex Forum

Psychological Characteristics of Professional Traders

Discussion started on Forex Education

Print
Pages: [1] 2 3 ... 20   Go Down

zanurreload

  • Posts: 9595
  • Points: 114
  • Likes Received: 716
  • Reputation: +10/-19
Psychological Characteristics of Professional Traders in Forex Education_xx
Professional traders do not consider losses to be losses, but lessons. In the world of forex trading, profits and losses are common things to experience, and the characteristics of professional traders are to accept these two things as part of their trading development process.
When experiencing a failed profit, a professional trader will evaluate himself. They noted what was wrong with their transaction, did not repeat it, and corrected it. Just like sports athletes, traders also have to practice to find the right formula for trading. Giant classmate George Soros can be great because he has a winning mentality and wants to continue learning.
the psychology of professional traders is always set not to fall into emotions that can make them tend to speculate. They always act with mature and planned strategies, with risk management that is within the limits of tolerance. To get a trading system with strategy and ideal risk management, a professional forex trader has repeatedly experienced Trial And Error. No one can immediately become an expert when he first jumps into the world of trading. In this case, the characteristic of a professional trader is having a clear and complete trading system, including when to trade, what forex pair to trade, size (lot) per transaction, when to buy and sell orders, when to close orders, and what to do if Loss or Profit.


Linkback: https://www.forex.zone/forex-education/29/psychological-characteristics-of-professional-traders/2042/
#1 - June 02, 2019, 02:28:42 PM

Yordhie

Psychological Characteristics of Professional Traders in Forex Education_xx
Quote from: zanurreload on June 02, 2019, 02:28:42 PM
Professional traders do not consider losses to be losses, but lessons. In the world of forex trading, profits and losses are common things to experience, and the characteristics of professional traders are to accept these two things as part of their trading development process.
When experiencing a failed profit, a professional trader will evaluate himself. They noted what was wrong with their transaction, did not repeat it, and corrected it. Just like sports athletes, traders also have to practice to find the right formula for trading. Giant classmate George Soros can be great because he has a winning mentality and wants to continue learning.
the psychology of professional traders is always set not to fall into emotions that can make them tend to speculate. They always act with mature and planned strategies, with risk management that is within the limits of tolerance. To get a trading system with strategy and ideal risk management, a professional forex trader has repeatedly experienced Trial And Error. No one can immediately become an expert when he first jumps into the world of trading. In this case, the characteristic of a professional trader is having a clear and complete trading system, including when to trade, what forex pair to trade, size (lot) per transaction, when to buy and sell orders, when to close orders, and what to do if Loss or Profit.
Professional psychologists must begin to be emulated by beginner traders, although it is very difficult if the psychologist's system is implemented from the start to be good, and trading is kept away from emotionally ugly and speculation systems.
#2 - June 04, 2019, 06:59:28 AM

Edisu

  • Posts: 12
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-1
Psychological Characteristics of Professional Traders in Forex Education_xx
Quote from: Yordhie on June 04, 2019, 06:59:28 AM
Professional psychologists must begin to be emulated by beginner traders, although it is very difficult if the psychologist's system is implemented from the start to be good, and trading is kept away from emotionally ugly and speculation systems.
yes I agree with you sir, a professional will be built from beginners. and of course with hard training.
#3 - June 04, 2019, 07:13:30 AM

Yordhie

Psychological Characteristics of Professional Traders in Forex Education_xx
Quote from: Edisu on June 04, 2019, 07:13:30 AM
yes I agree with you sir, a professional will be built from beginners. and of course with hard training.
yes, to be a professional must be prepared with rigorous training and every mistake must be corrected, by always learning, making journals, strengthening mentality must be mastered.
#4 - June 04, 2019, 07:37:24 AM

Miracle Fx

  • Psychological Characteristics of Professional Traders in Forex Education_index
  • Posts: 524
  • Points: 0
  • Likes Received: 60
  • Reputation: +2/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
Professional trader psychologists are calmer and can always make good decisions, they can trade with patience and calculation that is very great.
#5 - May 26, 2020, 08:58:28 AM

Genic08AD

  • Posts: 358
  • Points: 56105
  • Likes Received: 10
  • Reputation: +1/-1
Psychological Characteristics of Professional Traders in Forex Education_xx
A professional trader has a different level of psychology so don't be confused between beginners and professionals, even a professional can overcome everything related to trading psychology and things that affect the psychology itself.
#6 - May 27, 2020, 01:51:22 AM

Libra

  • Psychological Characteristics of Professional Traders in Forex Education_index
  • Posts: 452
  • Points: 2273
  • Likes Received: 13
  • Reputation: +0/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
if a trader is at a professional level, there is no question about his psychological condition, it must be very stable and good because professional traders are able to control their emotions and so on.
#7 - May 27, 2020, 03:24:13 AM

Billy Atkinson

  • Posts: 701
  • Points: 5910
  • Likes Received: 33
  • Reputation: +1/-1
Psychological Characteristics of Professional Traders in Forex Education_xx
The character of a professional trader is already very stable in terms of maintaining his psychology and mood so that any conditions are difficult to shake his intentions and decisions, so the character of a professional trader is indeed exemplary.
#8 - June 01, 2020, 06:37:32 PM

Widiaty Syahnazia

  • Posts: 628
  • Points: 0
  • Likes Received: 54
  • Reputation: +1/-1
Psychological Characteristics of Professional Traders in Forex Education_xx
Mental extraordinary in controlling psychologists trader profesional, in a condition loss / floating minus they can think calmly and turn it into profit.
if we are new must have felt tense and close the market with losses.
#9 - June 02, 2020, 03:56:49 AM

TechnoPips

  • Posts: 436
  • Points: 0
  • Likes Received: 52
  • Reputation: +2/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
Pro trader have psychologist is one level higher than a trader like me.
to be able to have a good psychologist like a professional trader takes a long time, experience will teach every situation and condition in the market.
So practice until one day you can become a professional trader with a strong psychologist
#10 - June 02, 2020, 03:57:30 PM

ariezz

  • Psychological Characteristics of Professional Traders in Forex Education_index
  • Posts: 1049
  • Points: 5674
  • Likes Received: 101
  • Reputation: +4/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
if it's a professional level, of course, a trader already has a trained psychology and a strong mentality so that it's not easy to get caught up in a psychological game performed by other market participants.
#11 - June 16, 2020, 02:24:19 AM

Forexin

  • Posts: 337
  • Points: 0
  • Likes Received: 24
  • Reputation: +1/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
Forex trading is very testing the psychologist, if trapped will certainly fail.
this is where your psychologist must be trained to be strong like a professional trader.
#12 - June 17, 2020, 03:04:21 AM

FardhanVx

  • Psychological Characteristics of Professional Traders in Forex Education_index
  • Posts: 463
  • Points: 25708
  • Likes Received: 18
  • Reputation: +1/-3
Psychological Characteristics of Professional Traders in Forex Education_xx
a professional trader certainly has a psychology that is no doubt and certainly his psychology is very good and trained, about the same level with a trader who has been successful a dozen years and continues to make a profit.
#13 - July 30, 2020, 05:16:27 AM

PrimaFx

  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
a professional trader certainly has a good psychology and certainly a different level of psychology that has a psychology of most traders who have not been successful, especially in terms of patience.
#14 - July 30, 2020, 11:39:40 AM

Geographic

  • Psychological Characteristics of Professional Traders in Forex Education_Limp_Bizkit
  • Posts: 296
  • Points: 0
  • Likes Received: 35
  • Reputation: +1/-0
Psychological Characteristics of Professional Traders in Forex Education_xx
Psychologists are a big problem for new traders and beginners. the difficulty of controlling the lust of trading psychologists becomes a loss. Professional traders are more stable for psychological problems, besides being mentally strong they can also be disciplined in the trading planing they make.
#15 - August 02, 2020, 02:13:53 PM
Print
Pages: [1] 2 3 ... 20   Go Up

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

xx
Do psychological is the key to successfully in trading

Started by Revenge on General Forex Discussion

339 Replies
3612 Views 		Last post February 03, 2023, 08:49:47 AM
by Dyandra
xx
Characteristics of a Good Indicator

Started by turtlegain on Forex Education

324 Replies
8642 Views 		Last post January 01, 2023, 04:34:41 AM
by Vernalta
xx
What are the characteristics of forex reversal patterns?

Started by Crosta on Forex Advertisements

0 Replies
99 Views 		Last post August 12, 2022, 09:14:40 AM
by Crosta
xx
Characteristics of scam and fraud brokers

Started by Misca on Scam Brokers

72 Replies
8352 Views 		Last post December 15, 2022, 12:12:44 PM
by OutreachProFz