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Thread: Forex trading psychology

  1. #31
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    in forex trading, psychology is important because with good psychology will allow us to maximize our capital well, and therefore we need to train the psychology of trading with small capital. Like TFX Markets which provide $30 No-Deposit Bonus

  2. #32
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    Quote Originally Posted by TFXMarkets View Post
    in forex trading, psychology is important because with good psychology will allow us to maximize our capital well, and therefore we need to train the psychology of trading with small capital. Like TFX Markets which provide $30 No-Deposit Bonus
    If we want to get maximal result in forex trading , we must be able to manage our account as well as possible. To start trading, we can start with $10 like trade in TenkoFx. Trading experience when we use that account for trading, must be maximized.

  3. #33
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    Quote Originally Posted by CahCuncun View Post
    If we want to get maximal result in forex trading , we must be able to manage our account as well as possible. To start trading, we can start with $10 like trade in TenkoFx. Trading experience when we use that account for trading, must be maximized.
    Micro accounts is really useful to test broker and recognize how honest it is. I also like brokers which don't ask for any minimum deposit (like Freshforex), so I can top up any amount of money, that I want to start trading with.

  4. #34
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    Traders experience a feeling of wanting “revenge” on the market when they suffer a losing trade that they were “sure” would work out. The key thing here is that there is no “sure” thing in trading…never. Also, if you have risked too much money on a trade (starting to see a theme here?), and you end up losing that money, there’s a good chance you are going to want to try and jump back in the market to make that money back….which usually just leads to another loss (and sometimes an even larger one) since you are just trading emotionally again.
    Last edited by davidblack; 04-11-2015 at 16:20.

  5. #35
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    Quote Originally Posted by Rita Ronker View Post
    Micro accounts is really useful to test broker and recognize how honest it is. I also like brokers which don't ask for any minimum deposit (like Freshforex), so I can top up any amount of money, that I want to start trading with.
    Yes, we only need to make small amount to start trading with real account. Even in TenkoFx, trader can start trading with $10 using cent account. It will teach us to be better and hone our trading psychology.

  6. #36

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    Quote Originally Posted by TFXMarkets View Post
    in forex trading, psychology is important because with good psychology will allow us to maximize our capital well, and therefore we need to train the psychology of trading with small capital. Like TFX Markets which provide $30 No-Deposit Bonus
    Its very important o be in a very good mental state as then you can concentrate on your trade more and your evaluating power increases, the more you are in good state of mind the more you enjoy trading.

  7. #37

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    A trading psychology, based upon how well you know yourself and are able to profit from your strong points, as well as control you weak ones, has a lot to do with how successful of a trader you will be. When you truly know yourself, then you are aware of how you are going to react under certain circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade

  8. #38

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    Its very important to have a cool head while trading, if you are making loss you wont enter the market thinking that in the next attempt you have to make profit and there are other reasons for you to have a good psychological tendency in the market.

  9. #39
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    Never think that if you read foreign exchange theories and you have tried free demo trading, then you will get your instant millions of dollars in two days. Keep learning by doing and welcome your success through your high efforts. Forex emotion is very bad for trade.Because emotion can harm our capital.So every traders should be avoid emotion. there's many way to encounter such obstacle. many traders would suggest to refine our psychological trading state before start analyze the market. but these may too hard to implement for any new traders. I took suggestion from some expert trader, and use risk management to minimize emotional aspect during trading. Still use 2% risk per-trade based on my tickmill account margin. good execution condition (ECN) with low spread and also high leverage offered (1:500) makes any trade only need small amount margin required.

  10. #40

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    Quote Originally Posted by paketrok View Post
    A trading psychology, based upon how well you know yourself and are able to profit from your strong points, as well as control you weak ones, has a lot to do with how successful of a trader you will be. When you truly know yourself, then you are aware of how you are going to react under certain circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade
    Yeah its very important to trade with you strength, a trader should know his positive points an make plans for trading accordingly.

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