Psychology in Forex Trading

Discussion in 'General Forex Discussion' started by Rambo35, Sep 2, 2014.

  1. Nicolas Sanz

    Nicolas Sanz Trader

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    Only one person out of a thousand can swim if he does not know how. We must learn in safe conditions. You can go straight to the market, but it's a huge risk.
     
  2. Nicolas Sanz

    Nicolas Sanz Trader

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    On the demo, you can learn the basics, and then move on to a real account with a strategy.
     
  3. Kevin Murdok

    Kevin Murdok Trader

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    So that's why the beginner should start with small amounts. it will be the same thing to swim in a safe shallow water without the risk of drowning. And it will be much better than poking around in the sand on the beach.
     
  4. Nicolas Sanz

    Nicolas Sanz Trader

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    On the demo, you can simply understand your strategy and understand the mechanic, after going to a real account.
    Why do I need to spend money in the beginning, even if it's a small amount if you can do everything in virtual?
     
  5. Nicolas Sanz

    Nicolas Sanz Trader

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    Do not underestimate the power of water. The flow of water can swallow you up.
    After all, all people are different.
    Emotions.
    Poking into the sand can be useful.
     
  6. Kevin Murdok

    Kevin Murdok Trader

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    Only under the threat of losing real money you will be able to properly assess the risks and force yourself to trade sensibly. Using virtual money can never understand the real danger.
     
  7. Nicolas Sanz

    Nicolas Sanz Trader

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    I agree, but this is a 2 step. Well, it's impossible to immediately conquer the world. First you need to poke into the sand. Do not hit your head against the wall.
     
  8. James Hill

    James Hill Newbie

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    Someone say - demo, someone says it's waste time. I'm confused. I'm new and I'm completely confused (
     
  9. Nicolas Sanz

    Nicolas Sanz Trader

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    DEMO! And then trade on real. If you don't want lose money.

    Don't listen to anyone else...
     
    Last edited by a moderator: Jan 21, 2018
  10. alandeserts45

    alandeserts45 Newbie

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    Psychology is must and the most important part of the trading. A person with a strong mental mind set can trade. The person has to be strong mentally and should be open either way to lose or to gain the profit. Losing once or twice should not stop the person from trading and winning profit should not make the person over confident regarding his strategies.
     

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