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.
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.
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.
Last edited by Lucien; 02-01-2015 at 09:27.