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Thread: Trading psychology

  1. #11
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    train the trading psychology is important because with good psychology will allow us to trade with the maximum. for that, we can try to train the psychology of trading then we can try to trade with small capital of $ 1

  2. #12
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    Honestly, traders need strong mentality thus they can check their emotion at any condition of their trading balance! I worked on this issue after confirming my good knowledge on technical and fundamental. This is way, now I am regular customer in my live account. In point of fact, neat and clean educational environment of TradingBanks assisted me to be a pro trader from zero level.

  3. #13

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    Quote Originally Posted by gabanda View Post
    train the trading psychology is important because with good psychology will allow us to trade with the maximum. for that, we can try to train the psychology of trading then we can try to trade with small capital of $ 1
    Yeah you should be mentally strong in order to handle day to day turbulent market conditions.

  4. #14
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    this is the thing to be considered in trading psychology

    1. FOCUS ON PLAN TRADING

    Try to remember your initial trading mission, earning 100% per month, 200%, 300% etc. Therefore, since the beginning of the deposit, do not expect profit / gain more than your target. Do not use lots out of control to earn thousands of% per month etc. Stay focused on achieving your target using safe methods. Focal Focus Focus.

    2. READY TO RECEIVE LOSS

    Sometimes in an OP you will be faced with the touch of your SL. Since it is not possible in every OP you all reach the TP target. There are times when occasionally the price will touch your SL. And if this happens, you must be sincere and not feel lost.

    Example: During one week of trading you have managed to reach 30%, then besuknya you lose 10%, then you still have to trade by following the rules of the existing rules (can not double the number of lots etc.). Go back to building slowly again and believe me, at the end of the month you will feel the sweetness of the accumulated profit you have gained.

    3. AVOID OVER TRADING (EXCESSIVE TRADING)

    The third tip of trading psychology control is to keep the excessive trading seara not. That is, often you are faced with the many signals from various PAIR. I suggest, of all the existing pairs, choose one that gives the best signal / pattern.
    Example: When you open the chart, you see the signal in EURUSD and GBPUSD, then choose one only.

    4. DO NOT GRANT

    In the Chinese proverb it says "Getting a small profit continuously is better than getting a big profit but only once". It refers to the statement "In great results, there is great risk". In conclusion, taking advantage bit by bit (for sure) will be better. Even if the Loss several times, we still have a chance to fix the Loss.

    5. CONFIDENCE (DO NOT BELIEVE ANALYSIS OF ANYONE)

    Do not let you be affected by the signal or the results of analysis of others. You already have a clear concept. Remember, analysis is part of the concept. And it can not be separated from one another. So, the analysis you apply is in accordance with your concept. And analysis of others is not necessarily in accordance with your concept.

    6. ANALYZING WITH WHAT YOU SEE, NOT YOU ARE THINKING.

    In this case I take the example of myself. Not infrequently when in the analysis I was too confident. As a result I more follow my instincts than the existing rule. And not infrequently I also get SL because I analyze with emphasis on thinking thinking, not what I see in the market.

    7. PLEASE REGISTER

    In any case, Patience always brings sweet fruit. In relation to trading, patience means willing to wait for the signal. Must not rush in the OP. It must be ensured that all rules are met then it can do Open Position (OP). Remember, at Forex the opportunity will always come. Nothing today is still tomorrow. So, prioritize your OP only when you encounter a valid signal Valid according to the defined Rule.

    BTW, anyone ever tried to work with a broker?
    if not, try to work with one of the leading brokers FXB Trading because they have a good reputation in the world of Forex.

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