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Thread: Trading psychology

  1. #1
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    Jan 2018
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    Trading psychology

    Trading psychology is an vital aspect of becoming successful forex trader. It hampers the emotional state of a trader in entering or closing a trade, looking for potential trading opportunities. Most traders typically experience losses because their negative sentiment poisons their rational decision-making process and causes them to make improperly planned trade decisions.

  2. #2
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    Jan 2020
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    Most of the trader lose their money because of their wrong movement in the forex market. A trader should think psychologically. He should kill his emotion while he is trading in the market. Emotion can be the cause of losing money. If any trader can overcome his emotion and think according to the market situation, he can easily become successful in this risky platform. I always try to think about making money. My broker Tpglobalfx helps me a lot to think psychologically. I can easily control my emotion with the help of them.

  3. #3
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    Aug 2020
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    If traders have made a significant loss, they should calm. If not, they may lose more. The feelings of loss can throw away any reason and trader will do a trade what shouldn't. Not all trades are successful. So, Trader should take the time to prepare when they start trading Forex. If done correctly and responsibly, Forex trading can be very successful. That’s what I learned from Eurotrader.

  4. #4
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    Jul 2020
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    Trading psychology is very important for a trader. Emotional trading is very harmful. If a trader trades emotionally, he will never get a good reward from trading. You have to give up emotions in trading. Emotion is a part of psychology. Emotion has no place in trading. All those who have been successful in trading have been emotionally strong. It is possible to control emotions by meditating. If a trader meditates regularly, he will be able to make his psychology much stronger.

  5. #5
    Senior Member
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    Jul 2020
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    Trade with strong psychology is very important. If your emotion works while trading then you will face losses. Trading with emotion is very harmful. You should set your mind strongly while trading. Trading psychology is a very important thing for a trader. I always try to trade full of attention. My broker Eurotrader helps me a lot. They never make disappointment to their client. They are really very supportive and helpful. I would easily suggest this broker If anyone looking for a reliable one.

  6. #6
    Senior Member
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    Feb 2020
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    480
    Making money from forex market is not an easy task. If you want to make money you need a better plan. And to make a better plan you need to have knowledge about forex market. Without any knowledge about forex, it is quite impossible to make profit. You can take education about forex trading from many sources. One of the most effective sources of learning forex is demo account. It will help you to know all the basics of trading. It has no risk and no need to invest any money to take the education of forex. I also opened a demo account of Forex4you to get the education of forex before entering into the market. They help me to get all the knowledge about forex trading. I am still trading with their live account.

  7. #7
    Senior Member
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    Feb 2022
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    486
    Your psychology won’t give you profit directly but it will keep you motivated all the time. Use technical tools on demo account whenever you have enough time because it is helpful ultimately. Eurotrader supports their traders in every possible way so they can derive sufficient amount of profit from the market.

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