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How To Train Your Trading Psychology

Discussion in 'Beginners Bootcamp' started by CryptoPopo, Mar 12, 2018.

  1. EURUSD

    EURUSD Sergeant Major

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    Especially newbie I think will better keep practice on demo account, but learn start with using initial capital equivalent with money that will invested on real account later, let say on real account will start with 10$ hence on demo account they can learn start with 10$ too, and test not only a month but for several month like as six month
     
  2. Rizog

    Rizog Private, 1st Class

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    Training and polishing up your psychological qualities is very useful for forex trading. It'll take a lot of time and effort to make this procedure, but it's worth it.
     
  3. CryptoPopo

    CryptoPopo Private, 1st Class

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    Yup, can put the lesson learned in real life as well haha
     
  4. dianajs

    dianajs Private, 1st Class

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    Learning any new skill takes time. If one is patient and disciplined, however, they are usually rewarded for their efforts.
     
  5. EURUSD

    EURUSD Sergeant Major

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    Learn and never give up, sometime any trader having weak mentality, after facing one failure then making them on desperation then leaving forex, while to become successful trader also need time and strive, if we always having good mindset if we also could to become success hence we will try always
     
  6. Melvin Leon

    Melvin Leon Recruit

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    Pre step of trading is you have to understand that trading is not an easy task. Without being skilled you can't do anything. Ready-made strategies with unrealistic expectation can not bring any good result. You have to learn properly. You have to find your weak and strength and work accordingly. By forcing yourself it won't happen.
     
  7. William Barnes

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    Trading requires a good combination of skills; expertise and trading attitude. Without proper trading methods and styles a currency trader may lose his paths which will make him focused towards the achievement of his goals. And yes; to develop right psyche a trader should trade demos as the real accounts so that a trader can feel the tension and keep his nerve normal in any situations when he will work with the real money.

    In most of the cases; traders usually ignore the importance of demos and they practice randomly. Again; a 24 hour open market does not necessarily mean that a trader will trade 24/5. Rather he will analyze all the aspects but engage in trading at the time that is most appropriate for him.
     
  8. dianajs

    dianajs Private, 1st Class

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    Trading on a demo account is important to develop technical skills and understanding of the market, but in my opinion the main psychological trading happens on a live account.
     
  9. Naxramos

    Naxramos Recruit

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    Trading psychology can be improved with practice and strong practice. You have to dedicate your time for this particular purpose. You need to soak the pressure as much as possible in order to become a successful trader. Do you know your strengths and weaknesses?
     
  10. TrapLok

    TrapLok Recruit

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    Knowledge of the Forex market is as deep and vast as an ocean. You will learn a new thing everyday if you are a professional trader. Your psychology will improve with the passage of time. For this you need to plan for long term trading as long as possible.Thanks!
     

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