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Thread: Forex trading psychology

  1. #21
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    Quote Originally Posted by CahCuncun View Post
    Psychology is very important and we must try to hone it. We will not get more maximal result in forex if we do not have good trading psychology. Try to use small amount here then try to trade with real account. TenkoFx offer cent account, i think we also can use it
    Yes, we can try to use small amount in forex to start trading. in freshforex, i also just use small amount. I try to maximize leverage from this broker as well as possible. And for new trader, this amount will be helpful to hone psychology. That's why must be used as well as possible.

  2. #22
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    psychology is very important in forex trading. Because without good psychology, then no matter how good our trading strategy then it will not be useful. In fact we could lose all our money if we are bad psychology. we can use the minimum deposit when trading real accounts to test trading psychology. In TenkoFx, we can deposit minimum $10.

  3. #23
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    Quote Originally Posted by tenkofx View Post
    psychology is very important in forex trading. Because without good psychology, then no matter how good our trading strategy then it will not be useful. In fact we could lose all our money if we are bad psychology. we can use the minimum deposit when trading real accounts to test trading psychology. In TenkoFx, we can deposit minimum $10.
    Of course, it's one of important thing and we can use small amount to start trading to hone psychology. Even, in my broker, trader can try to use initial capital as they wish cause there is no minimum deposit.
    Last edited by Lucien; 12-21-2014 at 11:49.

  4. #24
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    Quote Originally Posted by Lucien View Post
    Of course, it's one of important thing and we can use small amount to start trading to hone psychology. Even, in my broker, trader can try to use initial capital as they wish cause there is no minimum deposit.
    Cent account from TenkoFx also can be used. It will hone psychology and also teach trader how to more improve skills. AS we know too, there are many broker which give an ease to their client to start trading with small amount. Trader just have to maximize it.

  5. #25

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    One of the most difficult aspects of any trading system is predicting future price direction. The Forex grid trading strategy removes the need to predict the future by using a method designed to capture profits regardless of which direction the price turns. Forex, or foreign exchange, is the world's currency market, where various currencies can be exchanged. Currency in the Forex market is paired with currency from another country. For example, the USD/EUR pair represents the price people are willing to pay for the U.S. dollar with Euros.

  6. #26
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    Quote Originally Posted by shereali View Post
    One of the most difficult aspects of any trading system is predicting future price direction. The Forex grid trading strategy removes the need to predict the future by using a method designed to capture profits regardless of which direction the price turns. Forex, or foreign exchange, is the world's currency market, where various currencies can be exchanged. Currency in the Forex market is paired with currency from another country. For example, the USD/EUR pair represents the price people are willing to pay for the U.S. dollar with Euros.
    We will not be able predict with certainty in forex trading. Market cant be predicted for sure. But if we understand the characteristic of market forex, it will help us to earn more profit here. We can try to use demo account to learn about forex and understand about market forex. We also can try to maximize forex analytic like i get from TenkoFx to help us when trading.

  7. #27
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    Quote Originally Posted by CahCuncun View Post
    We will not be able predict with certainty in forex trading. Market cant be predicted for sure. But if we understand the characteristic of market forex, it will help us to earn more profit here. We can try to use demo account to learn about forex and understand about market forex. We also can try to maximize forex analytic like i get from TenkoFx to help us when trading.
    Yes, we also need helps, like market news or forex analytic from other trader will help trader to earn more maximal profit in forex. Do not forget to make our trading skills be better when trading because it will be the key to make us be better and get more profit

  8. #28
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    There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, but not one of these is as important as the ability to contain emotions and maintain discipline.

  9. #29
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    Quote Originally Posted by trading_system View Post
    There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, but not one of these is as important as the ability to contain emotions and maintain discipline.
    Of course, trader must have trading skills to make them to be better when trading. We can try to use demo account to make us be more ready and start trading in forex. Hone trading skills and also get trading experience. Using real account with small amount to hone trading psychology. You can try to use real account in freshforex
    Last edited by Lucien; 02-01-2015 at 10:27.

  10. #30
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    Quote Originally Posted by Lucien View Post
    Of course, trader must have trading skills to make them to be better when trading. We can try to use demo account to make us be more ready and start trading in forex. Hone trading skills and also get trading experience. Using real account with small amount to hone trading psychology. You can try to use real account in freshforex
    Without good trading skills, we will not get maximal result in forex.Demo account will teach us the basics of forex trading. So we must try to use it as well as possible or we also can use cent account which is like given by TenkoFx.

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