Forex Zone - Forex Forum

Trading Mindset

Discussion started on General Forex Discussion

  • Full Member
  • Posts: 227
  • Points: 0
  • Likes Received: 12
  • Reputation: +1/-0
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.
in trading, how good we are to eliminate
get rich quick with forex
because if you want to get rich quick, you should save at the bank regularly

better change set to look for additional money potential in forex
#31 - February 11, 2019, 06:52:48 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset is the basis of one's mindset and that is important and necessary in trading.
#32 - July 27, 2019, 03:29:17 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset is the foundation for navigating the ferocious forex market.
#33 - July 28, 2019, 02:36:11 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
trading is indeed a mindset that must be correct, and how to manage reward and risk in every transaction / order.
#34 - July 28, 2019, 02:41:35 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
How to instill a mindset, you can use several ways, one of which can use a trading journal, it will make our mindset neatly organized. Don't underestimate this mindset, the strength of trading is actually in the mindset and psychological state of your soul,
#35 - July 28, 2019, 03:11:35 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading is a way to actively participate in financial markets. If you are still a newbie in this field, then learning the right trading mindset for beginners is needed to anticipate various risks in trading. For your learning to be more effective and efficient, you need a strategy to learn basic and important things,
#36 - July 28, 2019, 03:47:06 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The mindset of trading must be strong to support business in trading.
#37 - August 10, 2019, 12:43:56 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
Mindset is the first step in running this business, if the initial step is wrong then the next step will also be wrong.
Mindset to get rich quick from forex is wrong, because all the processes and struggles that need not be for a moment, get rich quick mindset will trigger traders to over lots and over trades, because they hope to get large profits in a short time, even though trading skills are still not qualified .
Wealth is not impossible to get from this business, but it must also be realized that it can not be obtained in a short time.
#38 - August 14, 2019, 08:57:04 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
The mindset is indeed very important so we must have a good mindset in forex trading.
#39 - August 14, 2019, 05:04:20 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
A good mindset will help us achieve business.
#40 - August 14, 2019, 05:12:01 PM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset that must be maintained, such as greed thinking and also forex thinking is very easy to be removed, so as not to get stuck in trading conditions without strategy.
#41 - August 15, 2019, 02:05:15 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset that is not good it must be changed so as not to become a mental burden when trading later.
#42 - August 15, 2019, 11:56:27 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset in trading must be good because it supports our trading.
#43 - August 16, 2019, 12:19:49 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
mindset is the foundation of our mind to act even better.
#44 - August 16, 2019, 12:27:30 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
mindset in trading we must prioritize.
#45 - September 10, 2019, 04:21:35 AM

Members:

0 Members and 1 Guest are viewing this topic.