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How To Train Your Trading Psychology

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

  1. Morten

    Morten Corporal

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    dianajs, you're right, it's better to develop trading psychology on the real account, as the attitude to money is completely different on demo and on the real account.
     
  2. Anthony23

    Anthony23 Recruit

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    Trading psychology matters a lot on the Forex market. Your eyes must be trained to grab the opportunities at tge right moment. If you are a hard working person then trading will be fun for you and you will enjoy a lot. Am I right folks?
     
  3. dianajs

    dianajs Private, 1st Class

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    One must not only be trained to notice a good signal, but to remain calm both when that signal comes and afterward too.
     
  4. downtrend

    downtrend Sergeant

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    Trading psychology does not develop rules it needs time to become I must say trading psychology need training it is mostly self-training. With conscious efforts, one can do this task successfully. Step by step trader feels how and which psychology had bad or good effects on trading then he chooses best and leave dangerous emotions.
     
  5. dianajs

    dianajs Private, 1st Class

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    I agree about that part. The more you trade, the more you learn, the more confident you get, and therefore the better your trading psychology becomes.
     
  6. TrapLok

    TrapLok Recruit

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    It is the most important aspect of the Forex trading to improve your trading psychology with the passage of time. If you are a frustrated peraon with frightened mind then it is not a place for you. A trader, a successful trader, is the one who knows what he is doing with his money.
     
  7. Naxramos

    Naxramos Recruit

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    Your psychology defines the way how you thinks. Every trader has its own psychological level. You can train your psychology by spending more time in the forex. Experience is much important for trading. Without experience their is more chances that you lose your money.
     
  8. Notati

    Notati Private

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    In the case of trading psychology, this would be your emotions in regard to trading. After all, successful trading depends just as much on controlling your emotions as it does on your prowess with numbers. So many losses and bad trading decisions are made because traders get emotional in trades and lose their better judgment.
     

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