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Trading Mindset

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dodogtg

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MC is sometimes experienced by beginner traders not because they do not understand the basic trading, but most of the mindset or psychology is not good.
If you bravely say that you don't use the mindset or not ... this is dangerous! Understand this that forex trading is something simple, but it is not as easy as we imagine to be conquered so serious effort is needed.
Mindset (correct trading mindset for beginners) or trading psychology. Many professional traders say that if you want to succeed in forex trading, it is important to have the right mindset.
To establish a correct trading mindset for beginners, from the start, you must first understand the basic trading that exists. Not saying you have to memorize the theory, but understanding the basics of trading and trading instruments at the beginning will be very helpful for you in starting it, therefore it is also important for beginner traders to pay attention to the mental attitude as follows:
Trading technique training using a demo account until you are really sure of your technique. Why with a demo account? Because if you directly trade with a real account without mastering the right technique and then experience loss or mc, then your psychology can be destroyed because of the fierce market.

The key to successful forex trading is emotional control. So, learn to control emotions in addressing market behavior, to determine the right moment when entering the market
 
Not greedy in determining the target plan or profit in the market.
Trading is not about how many pips you can get in one entry. Because tomorrow you can just lose it. But how much profit can you get in the entire transaction interval.
 
DISCIPLINE with SOP rules that have been made. SOPs cover all the supporting factors of trading techniques. Trade plan, Rules entry and exit, MM, Risk and reward.


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#1 - February 07, 2019, 10:04:00 AM

MUHAMMAD NUR FIRZA

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train the mindset .., It is quite hard to hit us badly when we face some loses during our debut in forex trading. I know this is mind game section. To achieve it, only and one way is have to be strategic. This is why we are so busy with consultant on forex analysis and investigation. Neither a great way we can make good profit and this is we can hedging by put on heavy capital with set up low lots. Low lots with big capital will led us avoid loss harass. So, why we do tension on trade.
#2 - February 07, 2019, 11:07:50 AM

Black_Koujee

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This is a difficult thing in my opinion. Because it is undeniable, if we experience a substantial loss, the desire to return capital will be very exciting. And finally the planned plan fell apart.
MM planned in the beginning will be violated, using lots that are actually not in accordance with our capital.
#3 - February 07, 2019, 01:33:04 PM

zanurreload

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Great article. So before we get into the trading world we really have to clear up the trading mindset that we have. We do not consider forex as a way to get rich quick.
#4 - February 07, 2019, 04:21:19 PM

Eza Jordan

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Quote from: Black_Koujee on February 07, 2019, 01:33:04 PM
This is a difficult thing in my opinion. Because it is undeniable, if we experience a substantial loss, the desire to return capital will be very exciting. And finally the planned plan fell apart.
MM planned in the beginning will be violated, using lots that are actually not in accordance with our capital.
This is often experienced by a trader, if he has suffered a large loss or margin, he will assume that he wants revenge against the market, while when this happens it is even worse because of our unstable emotions. must be very careful when this happens to us.
#5 - February 07, 2019, 04:43:16 PM

ariezz

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Mindset really determines success in forex trading because the mindset shows a thought to act and try. If the initial mindset is bad, the effort will be in vain and vice versa if the initial mindset is good then the business will run smoothly.
#6 - February 07, 2019, 05:04:11 PM

SERAM sendiramdani

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Tranding mindset,per hari harus punya target tranding
#7 - February 07, 2019, 05:20:41 PM

Black_Koujee

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Quote from: Eza Jordan on February 07, 2019, 04:43:16 PM
This is often experienced by a trader, if he has suffered a large loss or margin, he will assume that he wants revenge against the market, while when this happens it is even worse because of our unstable emotions. must be very careful when this happens to us.

Yes, that is true.
I experience that very often. When we have suffered a considerable loss, what comes to mind is just how to turn things around. Without thinking about the risks. Maybe you have tips to avoid this?
#8 - February 07, 2019, 05:57:05 PM

Black_Koujee

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Quote from: SERAM sendiramdani on February 07, 2019, 05:20:41 PM
Tranding mindset,per hari harus punya target tranding
English please :)
#9 - February 07, 2019, 06:35:26 PM

Kirinkato

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Quote from: dodogtg on February 07, 2019, 10:04:00 AM
MC is sometimes experienced by beginner traders not because they do not understand the basic trading, but most of the mindset or psychology is not good.
If you bravely say that you don't use the mindset or not ... this is dangerous! Understand this that forex trading is something simple, but it is not as easy as we imagine to be conquered so serious effort is needed.
Mindset (correct trading mindset for beginners) or trading psychology. Many professional traders say that if you want to succeed in forex trading, it is important to have the right mindset.
To establish a correct trading mindset for beginners, from the start, you must first understand the basic trading that exists. Not saying you have to memorize the theory, but understanding the basics of trading and trading instruments at the beginning will be very helpful for you in starting it, therefore it is also important for beginner traders to pay attention to the mental attitude as follows:
Trading technique training using a demo account until you are really sure of your technique. Why with a demo account? Because if you directly trade with a real account without mastering the right technique and then experience loss or mc, then your psychology can be destroyed because of the fierce market.

The key to successful forex trading is emotional control. So, learn to control emotions in addressing market behavior, to determine the right moment when entering the market
 
Not greedy in determining the target plan or profit in the market.
Trading is not about how many pips you can get in one entry. Because tomorrow you can just lose it. But how much profit can you get in the entire transaction interval.
 
DISCIPLINE with SOP rules that have been made. SOPs cover all the supporting factors of trading techniques. Trade plan, Rules entry and exit, MM, Risk and reward.
how do we control emotions so we can trade well? I often emotion and cause MC. is there a way to control it?
#10 - February 08, 2019, 01:30:37 AM

dodogtg

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Quote from: Kirinkato on February 08, 2019, 01:30:37 AM
how do we control emotions so we can trade well? I often emotion and cause MC. is there a way to control it?
Use sop in every order you take. Use trading plan with good mm, entry and exit rules. Do not agints market move 
#11 - February 08, 2019, 02:21:12 AM

Kirinkato

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Quote from: dodogtg on February 08, 2019, 02:21:12 AM
Use sop in every order you take. Use trading plan with good mm, entry and exit rules. Do not agints market move
Thanks for the explanation. I am indeed making operational standards for forex trading activities. hopefully it can help me to be consistent.
#12 - February 08, 2019, 02:29:39 AM

rendipepe

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I once felt the MC because I came out of Money Management and EMOTION appeared, indeed it is very important that we must be disciplined and not separated from money management
#13 - February 08, 2019, 04:25:25 AM

Tahajud

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Quote from: Kirinkato on February 08, 2019, 01:30:37 AM
how do we control emotions so we can trade well? I often emotion and cause MC. is there a way to control it?
who can control emotions is ourselves. therefore not everyone in trading will succeed, even if seen trading is very easy to do. but in trading the most difficult thing is to fight our passions. and warent buffet once said, if we can control our emotions then we can control money



#14 - February 08, 2019, 05:58:42 AM

Madealvin

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trading mindset can be interpreted as trading in the forex business, such as the conventional mindset of traders in general there will be a profit and loss and reasonable profit in terms of trading. 

Never have a trading mindset can get rich quick from the forex business because it will damage our trading mentality.
#15 - February 10, 2019, 02:20:12 PM
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