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Psychology is the key to success in trading

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Psychology is an important factor and is one of the pillars of successful trading besides strategy, risk management and discipline.
#31 - September 24, 2020, 03:02:00 AM

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I consider psychology to be good and supportive in trading but I am not sure that psychology can lead a trader to the path of success.
#32 - September 24, 2020, 03:09:18 PM

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Psychologists are undoubtedly the main key to success. 
Good strategy or trading method will not work if the psychology of the trader is unmanageable or bad
#33 - September 24, 2020, 03:16:29 PM

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trading psychology is indeed a very important thing, but in fact not many people can apply it in trading. it takes a lot of experience to form a psychology and of course it takes consistent practice
#34 - September 24, 2020, 09:40:00 PM

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Trading psychology is very important. Having expertise in market analysis or having extensive knowledge about Forex is not the only factor that determines the success of a Forex trader. If your own your emotions - you can achieve success at fx trading. https://www.forex-broker-rating.com/instaforex - you can read more about forex trading here. 
#35 - September 28, 2020, 08:25:22 AM

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To be successful in forex trading, you must have a good trading systematic arrangement managed by a good psychologist.
I agree that psychologists are one of the keys to success.
#36 - September 28, 2020, 11:29:35 AM

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I don't agree, the key to trading success is persistence in applying anything, including psychology, so it's not just psychology that can be the key to the success of a trader.
#37 - September 30, 2020, 05:15:07 AM

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I really understand that psychology is an important thing in trading, but related to psychology itself, in my opinion, it must be adapted to our trading conditions so as not to overdo it and not lack in terms of controlling psychology.
#38 - September 30, 2020, 06:05:27 AM

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Psychology is closely related to mental and mindset, so if our psychology is bad and uncontrolled, then we will not have a strong mentality and of course it will be difficult to take profits in the forex market.
#39 - September 30, 2020, 04:12:24 PM

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Psychology is closely related to mental and mindset, so if our psychology is bad and uncontrolled, then we will not have a strong mentality and of course it will be difficult to take profits in the forex market.
Psychology that cannot be controlled will not be able to score well.
No wonder psychologists are the key to success, if we can control it, trading will definitely be smoother without mental obstacles.
#40 - October 01, 2020, 12:19:37 AM

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Success starts from good psychologists, traders with good psychologists are more careful and tidy when trading forex, everything is well conceptualized.
#41 - October 06, 2020, 12:33:43 PM

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Psychology is indeed one of the pillars of trading success, so it is very important so that we must be able to manage our psychology well.
#42 - October 14, 2020, 01:59:11 PM

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Okay, this time I will try to share in my opinion, bro, the goal is so that newbies, especially like me, can really understand the meaning of trading psychology itself.

Because according to me, building psychology can be done with a demo account. by finding the best trading system according to the convenience and understanding model of each trader. So practicing trading psychology with a demo account is not just playing to develop an account. for example, from $ 5000 to $ 50000. Of course this will not build trading psychology at all, but it will actually make a trader become a trader.

In addition, by practicing on a demo account being able to build a trading system both in money management, reading signals, learning fundamentals, and finally executing is the best way to build trading psychology itself.

Practice with a demo account there is no time limit. Building a trading psychology is not only about building self-calm, because self-mastery will form itself when a person has found the most comfortable way according to him.


And the last one is when trading with a real account without a good system and experiencing losses, this will actually make people down or think of trading as a place to fight.

Okay I guess that's all my observation,
Sorry if there is something wrong in the delivery, please respond for those who understand psychology
#43 - October 15, 2020, 06:13:27 AM

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Indeed, it requires a stable psychology when trading so that our trading results can be maximized. For this reason, get used to discipline because with discipline we can trade safely and can refrain from being greedy for profit. We should keep our bodies healthy so that we can trade in a fit condition and also make our psychology more stable.
#44 - October 18, 2020, 12:29:26 AM

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yes, it can be one of the ways you get success from forex, because it affects decision making
#45 - October 30, 2020, 08:15:37 PM

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