Forex Trading Psychology
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Forex Trading Psychology
You have probably heard it before: every trader should have a winning trading plan, and they should follow it.
It is said that the psychological challenge makes up 90% of the struggle in achieving consistent success as a Forex trader. Can this really be true?
The mantra that 90% of the struggle to become a profitable trader is fought and decided within the trader’s own head has become a persistent cliché within Forex educational literature.
Like anything else in life, if you believe in what you are doing, chances are higher that you will succeed in your attempts.
One of the questionable moves a lot of traders is make is to forgo getting very good trading education, before they begin to risk money trading live.
This article will cover some very simple Price Action trades that could have got you into the existing trend and given you a high reward and low risk trade.
This author gives you the proper methods on trading weekly while still having free time and using the right strategies to manage Forex trading wisely.
This article gives great strategies on how to profit successfully in the Forex business. Forget about the money first. Focus on your trading here!
To determine whether you’re gambling in the Forex market, ask yourself the questions found here.
How are your emotions relevant to your success in the Forex market? Learn why your mindset matters here.
Taking responsibility for your actions is one of the most important things a trader can do, mainly because it leads to real and true introspection.
Your goal in the first month of trading should be to stay afloat.
Remove at least one bad habit from your forex trading! Yes, you read it right.
Many experienced Forex traders cringe at the thought of Forex scalping, or Forex short term trading.
This might come as bad tidings to some, but you'd find out sooner or later anyway; the key to successful Forex trading is to treat it as a business.