Psychology in trading

MarkTrader

Trader
Mar 15, 2016
30
0
12
35
Would like to know genuine ECN brokers who really are ecn as some brokers people say they r ecn with low commission charge.
 

TeKiJIa

Trader
Mar 25, 2016
13
0
7
31
I think psychology in Forex like the bets in sport. If you do it with cold mind - it's profitable. If you want everything for now - you will loose.
 

fxapex

Active Trader
Jun 7, 2013
258
7
29
I think psychology in Forex like the bets in sport. If you do it with cold mind - it's profitable. If you want everything for now - you will loose.
Yeah you should be in best mental state for trading or else you might fix wrong trades.
 

MarkTrader

Trader
Mar 15, 2016
30
0
12
35
I agree with you guys completely.Keeping a positive outlook allows you to stay on your strategy even during losing streaks.
 

myfxpt

Master Trader
Nov 13, 2012
403
51
74
58
Melbourne, Australia
"InstaForex is hereby blacklisted by the Forex Peace Army. We urge traders not to open accounts with Insta Forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If InstaForex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud."
 

myfxpt

Master Trader
Nov 13, 2012
403
51
74
58
Melbourne, Australia
NOTICE: October 2013: InstaMarkets is no longer licensed by the Belize IFSC. InstaForex's representative claims this was a voluntary resignation of its license. Others have reported that Insta was thrown out of Belize.

WARNING: January 13, 2015: The French AMF has issued a warning about unauthorized forex brokers. InstaForex is on that list. CLICK HERE to verify.

WARNING: June 9, 2014: The Ontario Securities Commission has issued an investor warning about InstaForex. CLICK HERE to verify.
 

radex78

Active Trader
Nov 15, 2015
670
17
34
41
I don't know with review instaforex broker that giving bad vote on their statement, but on last month I am still withdraw money from my account trading although not in huge money but still processed smoothly.
 

myfxpt

Master Trader
Nov 13, 2012
403
51
74
58
Melbourne, Australia
I don't know with review instaforex broker that giving bad vote on their statement, but on last month I am still withdraw money from my account trading although not in huge money but still processed smoothly.
The information comes from Forex Peace Army. They conclude that this broker is a scam due to unresolved client complaints and issues with regulators.
 

Ary Barroso

Active Trader
Jul 9, 2017
908
61
39
31
The world of trading is full of things that work and things that don’t work. To be honest, there are many successful traders who’re also teaching people how to become successful. There are many signals providers who provide winning signals. There are many strategies that work and there are many programs, like webinars and trading rooms which can help other traders to improve significantly. Unfortunately, in spite of these, the percentage of losers still remains above 90%. Why?

Well, I have a question to you; did you ever see any good signal provider service for a long time? I am sure you are not! Besides, profitable strategies are not available here and there! Yes, making profit is very task here, but being a consistent player is the real challenge.
 

Rickie

Trader
Jan 3, 2018
9
0
6
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The world of trading is full of things that work and things that don’t work. To be honest, there are many successful traders who’re also teaching people how to become successful. There are many signals providers who provide winning signals. There are many strategies that work and there are many programs, like webinars and trading rooms which can help other traders to improve significantly. Unfortunately, in spite of these, the percentage of losers still remains above 90%. Why?
The fact is that in trade there is no clear line between what works and what does not work. The market and its behavior change more often than many traders find an opportunity to cope with it. A new strategy or indicator may not be suitable now under current market conditions and may work fine tomorrow, when market behavior turns.
 

Ary Barroso

Active Trader
Jul 9, 2017
908
61
39
31
I guess forex trading is quite challenging and the reason why 90% traders fail is that it is a very professional market where you fail whenever you make mistakes. It is good to trade forex when you are mentally relaxed as forex traders have the flexibility of doing it whenever they want to trade.



Not sure about what kind of broker you are looking for.. ? Perhaps you can look at the earnforex broker list. Many of these accept minimum deposit to start.
Yes, Forex is a mental game; and personally I don’t open my live trading chart when I am not 100% okay mentally.
 
Jul 2, 2018
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It may come as a surprise to many but psychology plays an important role in trading. The way your psychological set up is configured greatly impacts the way you analyze the markets and take decisions. This is why it is said to keep a control on your emotions and maintain your calm. It helps you think clearly which is of utmost importance in trading
 

Ary Barroso

Active Trader
Jul 9, 2017
908
61
39
31
It may come as a surprise to many but psychology plays an important role in trading. The way your psychological set up is configured greatly impacts the way you analyze the markets and take decisions. This is why it is said to keep a control on your emotions and maintain your calm. It helps you think clearly which is of utmost importance in trading
You are absolutely right. This is why, good traders start their trading after completing their task in demo with technical, fundamental & sentimental analysis.
 

Helloyees

Trader
Mar 8, 2019
98
7
24
Most often, people come to Forex for easy money. No one ever thinks that they need to analyze the market in Forex. Most people believe that Forex is just the buttons and that's it. So, people lose a lot of money.
Another factor is the psychology and lack of self-control. For some, Forex turns into a casino where you need to recoup.
believe that it is worthwhile to consciously approach Forex and not assume that you can make money quickly.
 

Ixbone

Master Trader
Jan 25, 2012
16
1
69
Austria
ixbone.com
i have never seen such bubble guy, everone knows forex is the masterclass in trading.
as i mentioned earlier another thread:
if you have a plan (trading system) you trust = no fear.
if you have no plan (trading system) no trust = much more fear
there is no need to activate your whole mesolimbic system! private use only!
don't fear the reaper :)
 
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Aaronpp

Newbie
Aug 6, 2019
23
0
1
30
Psychology in trading is very important, although many do not take it into account, Psychology is one of the most important bases for being able to operate in any market since being strong mentally is something essential to be able to perfectly analyze the market and know how to act in the market, thus generating the profits you so much want to look for in trading.