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  1. #1
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    Mind set and psychology

    It's the trading mind-set and psychology that makes people struggle as a forex trader. Numerous awesome traders that have expounded on their experience have discussed how their own particular inner psychology has caused them losses, even their insight and expertise was there. Mental quality originates from learning. That is the reason I generally attempt to refresh my insight. For that my broker helps me viably by giving me free forex instruction. It additionally offers energizing low spreads beginning from 0 pip.

  2. #2
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    Quote Originally Posted by Nathan007 View Post
    It's the trading mind-set and psychology that makes people struggle as a forex trader. Numerous awesome traders that have expounded on their experience have discussed how their own particular inner psychology has caused them losses, even their insight and expertise was there. Mental quality originates from learning. That is the reason I generally attempt to refresh my insight. For that my broker Eurotrader helps me viably by giving me free forex instruction. It additionally offers energizing low spreads beginning from 0 pip.
    When we are doing our trades we will need to use a correct mindset so that we can do our trading with profits. It has been seen that many times we cannot get profits due to over trading and that needs to be avoided at all times.

  3. #3
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    The psychological attitude to work greatly affects the results. As for me, it is extremely important to properly set yourself up for a positive result.

  4. #4
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    Broker is an important element in forex market. A trader has to choose a broker to trade in a forex market. Earning profit mostly depends on a broker and its rules and regulations and the features of them. I choose Forex4you as my broker. It gives low spreads starts from 0.1 pips. It gives leverage up to 1:1000. It helps me to make difficult decisions trading. I am very pleased with their service and trading system.

  5. #5
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    Having expertise in market analysis or having extensive knowledge about Forex is not the only factor that determines the success of a Forex trader. It is the skill of managing your own emotions and is a part of Forex trading psychology.

  6. #6
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    Quote Originally Posted by QueenSara View Post
    Having expertise in market analysis or having extensive knowledge about Forex is not the only factor that determines the success of a Forex trader. It is the skill of managing your own emotions and is a part of Forex trading psychology.
    Forex traders must understand that trading requires a correct use of the Market Analysis and in this way they would be able to Enter into the markets at the correct timings. Also we have to learn how we would be able to manage our Emotions in the trading and have a control over them.

  7. #7
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    The ability to think correctly and the correct approach to psychology play a very important role in the work of a trader. As for me, it is very important to understand this and keep an eye on this issue.

  8. #8
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    Mentality greatly influences trading and trading style, this must be taken into account when you listen to the opinions of certain professionals, in any case, you should always focus on yourself.

  9. #9
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    Psychological aspects in this industry also play a very important role. The right attitude to work can radically change the course of the process!

  10. #10
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    The issue of psychology in trading plays a very important role. It is important for the trader to focus on this and understand what the results of such impact may be

  11. #11
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    Quote Originally Posted by dayzzz View Post
    The issue of psychology in trading plays a very important role. It is important for the trader to focus on this and understand what the results of such impact may be
    We need to understand the aspects of Psychology in our trading and make sure that we are able to minimize their Impact in our trades.

  12. #12
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    It is very important for a trader to set up properly for work. As for me, only in this way can the trader achieve more positive work results.

  13. #13
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    The more psychologically stable a person is, the easier it will be for him to cope with situations that will arise during trading, and their solution will be much faster.

  14. #14
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    The psychological question in trading plays a huge role. It would seem that trading and psychology have nothing in common, but in fact it is very important!

  15. #15
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    Due to the fact that we are psychologically all set up for different trade and our attitude to trade is different, as a result, we do not get all the same results.

  16. #16
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    Quote Originally Posted by Mauricar View Post
    Due to the fact that we are psychologically all set up for different trade and our attitude to trade is different, as a result, we do not get all the same results.
    Forex traders have to understand that trading is not easy and they need to remain themself free of any worries so that the trading can be done easily.

  17. #17
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    Quote Originally Posted by FXOpen Trader View Post
    We need to understand the aspects of Psychology in our trading and make sure that we are able to minimize their Impact in our trades.
    Definitely, trading psychology is at least as important as our understanding of the market and our strategy. Becoming a successful trader is also a journey of self-improvement.

  18. #18
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    The issue of the psychological aspect very wildly affects the results of the trader. As for me, for a trader this is a really important moment in the trading process.

  19. #19
    personally, as for me, these factors are too important in such an occupation as forex, after working for a while, you yourself will understand it!

  20. #20
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    Quote Originally Posted by Hedarrasan View Post
    personally, as for me, these factors are too important in such an occupation as forex, after working for a while, you yourself will understand it!
    We need to learn and understand the mind psychology while we are doing our trading so that it will be beneficial for our self.

  21. #21
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    You really need to be able to set yourself up for trading correctly. As for me, without this it is simply impossible to get positive results of work.

  22. #22
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    Quote Originally Posted by malopis View Post
    You really need to be able to set yourself up for trading correctly. As for me, without this it is simply impossible to get positive results of work.
    We need to learn and manage our trading so that we are able to get the profits. This is why we must remain careful and do not take more risks in our trades.

  23. #23
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    We all do it once for the result due to the fact that we have different attitudes towards trading and our psychological attitude also differently.

  24. #24
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    In general, the issue of psychology is extremely important for a trader. It is worth realizing that without the right mood it is almost impossible to get the desired result.

  25. #25
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    The issue of psychology for a trader plays an extremely important role. In general, I have been working in this industry for a long time, but you really need to work with psychology!

  26. #26
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    It should be understood that for a tredier these are extremely important aspects. I generally believe that the issue of psychology in this industry plays one of the key tasks.

  27. #27
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    Not only for the new traders but also to the maximum traders the short-term or scalping trading strategy is the best. People who have small capital and can’t afford big loss if happen, scalping is properly perfect for those. As a scalper I am getting all types of scalping facility from TP Global FX the best STP Forex broker. They provide – narrow spread, low commission, instant market execution, smart bridges of technology etc.

  28. #28
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    Aug 2017
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    The traders who are going to start trading in forex market need to follow some strategy. If any new traders or beginners want to enter into forex he should know the basics of the forex trading. Without the basic knowledge he can not trade in the forex market. A trader can open a demo account to learn all the basics of forex trading. It will help him to know how to trade, where to trade, when to trade. It has no risk. There is no need to invest capital in demo account. I also opened a demo account in Forex4you. I learned all the basics of the forex trading from that demo account practically. It is a demo version of live account. So everything in there is just like a live account. So a beginner can easily learn the basics of forex from a demo account.

  29. #29
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    Psychology plays a very important role for a trader. As for me, this is a really very important aspect for the work, which is really worth paying attention to.

  30. #30
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    Quote Originally Posted by malopis View Post
    Psychology plays a very important role for a trader. As for me, this is a really very important aspect for the work, which is really worth paying attention to.
    When we are trading in the Forex markets we have to understand that if we are able to correctly manage the Emotions in our trading we can become more successful traders.

  31. #31
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    Jan 2021
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    to be honest, psychology in trading is already the second thing, in the first place you should have the right choice of a broker, because no one wants to fall into the clutches of scammers, and there are a lot of them now, if you have not yet chosen a broker for yourself, then I advise you to try the Amakrets platform, a great option for work, as for me

  32. #32
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    Quote Originally Posted by Diedriarekh View Post
    to be honest, psychology in trading is already the second thing, in the first place you should have the right choice of a broker, because no one wants to fall into the clutches of scammers, and there are a lot of them now, if you have not yet chosen a broker for yourself, then I advise you to try the Amakrets platform, a great option for work, as for me
    If you are looking to get Income from the business of Forex trading then the most important fact is to do your trades with the True ECN Forex Broker like FXOpen.

  33. #33
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    all the same, these concepts are too important in trading, and in principle, as in any other occupation, so improve both yourself and your work

  34. #34
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    It is really important for a trader to understand the full value of the mental part of trading. For example, I devoted quite a lot of time to this when I first began working with a demo broker account from Amarkets.

  35. #35
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    Our approach and the attitude of the cakes really depend on our thinking of the psychological state, or it will be reflected on our result and income.

  36. #36
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    It is very important to correctly adjust yourself psychologically. Without this, it will be really difficult to get positive results of work, especially at the beginning of work.

  37. #37
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    as for me, psychology in the work of a trader is really an important thing, only many traders miss this moment, and this could be a good idea to improve the results of their work

  38. #38
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    Quote Originally Posted by Diedriarekh View Post
    as for me, psychology in the work of a trader is really an important thing, only many traders miss this moment, and this could be a good idea to improve the results of their work
    We need to understand and try to maintain the psychology while doing our trades so that we are able to Earn the Profits

  39. #39
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    of course we all need to understand this, but for some reason not all beginners can figure it out and devote the right amount of time to this moment

  40. #40
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    Quote Originally Posted by Diedriarekh View Post
    of course we all need to understand this, but for some reason not all beginners can figure it out and devote the right amount of time to this moment
    We need to spend some time in doing this business so that our trading related knowledge will start to increase and make us better traders.

  41. #41
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    only with work experience comes the understanding that aspects such as psychology are also important in the work of a trader

  42. #42
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    All your thinking should be aimed at making money and doing it correctly and competently without negative consequences, so it will be psychologically easier for you to work.

  43. #43
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    Sep 2014
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    Quote Originally Posted by FXOpen Trader View Post
    If you are looking to get Income from the business of Forex trading then the most important fact is to do your trades with the True ECN Forex Broker like FXOpen.
    of course by understanding and learning forex everything will be very easy, and at the FXOpen broker what can be used, and how can traders make profits when trading?

  44. #44
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    Jan 2020
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    Especially in times of volatility money management is a crucial element of trading the financial markets. Beside of this risk management is also important element obviously. Without managing both of these a trader will never able to run a healthy business. Tpglobalfx is a professional broker and they make my trade easy and comfortable by giving me both the risk and money management techniques to use. I have low spread from 0.01 pips and advance risk management.

  45. #45
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    This is a really important aspect of the work. It is worth realizing that before starting to work in this industry, the trader must be psychologically ready for this. Only so there is a chance to get a positive result.

  46. #46
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    The question of psychology is extremely important for a trader. It should be understood that this component has a very significant impact on the trader.

  47. #47
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    Quote Originally Posted by malopis View Post
    The question of psychology is extremely important for a trader. It should be understood that this component has a very significant impact on the trader.
    We must understand that in the business of foreign exchange market main and important factor is to be able to do our trading at the correct timings.

  48. #48
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    these moments in the work of a trader are too important, because it can greatly affect your decisions, the broker you work with is also a very important factor, for myself I have long considered Amarkets the best, the top of the market

  49. #49
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    Quote Originally Posted by Diedriarekh View Post
    these moments in the work of a trader are too important, because it can greatly affect your decisions, the broker you work with is also a very important factor, for myself I have long considered Amarkets the best, the top of the market
    We need to manage our trading in a way so that we are able to make the profit and also reduce the amount of loss from our trades.

  50. #50
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    The question of the correct psychological attitude to work is also very important. It should be understood that a trader really needs to be ready for any work results.

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