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The psychological strength

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  • The psychological strength

    Forex trading and gambling have some similarities. A major fact in common between trading and gambling is the psychological strength needed to succeed in both sectors. As a forex trader, I learned from my broker Eurotrader that you must accept losses, avoid overreacting to losses, and avoid overtrading or revenge trading to make up for losses.

  • #2
    If you want to make Psychology Strong, you need to do regular meditation. The human brain is a bit like a monkey so if you want to control it, you have to control it through meditation. As a trader, I always try to trade by meditating and the chances of loss are a bit less. Eurotrader has taught me many methods to make this psychology strong.

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    • #3
      Managing the risk is the most demandable ability in Forex market where risk is everywhere.
      My trading career, many times I fallen a great loss due to lack of exact risk management . now I am studying about this

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      • #4
        Psychology needs to be maintained to trade Forex. Because if you can't maintain psychology properly, you can never get ahead in trading. I have seen many traders who are unable to maintain psychology. Even if they make some profit by trading, that profit cannot last long. This is their psychiatric problem.

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        • #5
          The trading strategies actually we the traders select our trading experience, I have started my trading career with a small balance, that’s why I always have to depend on scalping approach that brings profit in a short time.

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          • #6
            Psychology needs to be maintained to trade Forex. Because if you can't maintain psychology properly, you can never get ahead in trading. I have seen many traders who are unable to maintain psychology.

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