risk management

[Lee.me]

I agree. Our experience teaches us everything, shows us our mistakes and forces us to improve our trading. Therefore, even negative experience is important, since it shows what and where you need to improve in your trading strategy and make it profitable.

Absolutely, gotta learn from the bad ones, to make some good ones.

 

[shipuradilaroo5488]

Absolutely agree! Mastering emotions and managing risks are key pillars of success in Forex trading. It's a journey of patience and discipline rather than a quick route to riches. Your comment resonates with a great article I recently came across that delves into the essence of risk in Forex trading. Check it out . It offers some valuable insights that align perfectly with what you've highlighted here.

 

[Polakandil]

Forex trading is indeed a challenging profession, the role of psychology is very dominant in forex trading, when traders have strong psychology, it will be very easy to be disciplined in implementing risk management and trading strategies. How to build a strong psychology, one of which is the right mindset about forex trading. This is obtained through long practice and learning from many mistakes.

 

[Fin_Trader]

Yes, we always take a lot of risks when we don't have psychological balance. Many beginners often want to earn more in a short time, quickly and now compensate for their losses, they do not have the patience to wait for all the conditions for a good and profitable entry into the market, they want to constantly be in the market. Therefore, their trading is unprofitable and nervous, which must be avoided in order to make a profit.

 

[Lazarsblck]

If you are disciplined and have rules for yourself, you should be ok I guess

 

[Polakandil]

If you are disciplined and have rules for yourself, you should be ok I guess

Discipline is very important to always maintain, the market does appear chaotic, but the market structure reflects the behavior of forex players which is an accumulation of market psychology, which sometimes forms a structure that often repeats itself. Trading discipline is one of the keys to success in forex trading. Even though it is sometimes easy to say, it is difficult to put into practice

 

[Fin_Trader]

The market seems chaotic when a person does not have his own trading strategy. But when he studies technical analysis, selects certain indicators, learns to use support and resistance levels, studies trend reversal and continuation models, patterns, then trading will become more understandable. This is exactly what you need to move towards, expanding your knowledge and experience, and you also need to be able to choose the right broker for safer and more comfortable trading, such as fxopen.

 

[Lazarsblck]

Discipline is very important to always maintain, the market does appear chaotic, but the market structure reflects the behavior of forex players which is an accumulation of market psychology, which sometimes forms a structure that often repeats itself. Trading discipline is one of the keys to success in forex trading. Even though it is sometimes easy to say, it is difficult to put into practice

Set rules for yourself depending on the trading strategy that you are working with. Now the market psychology goes with developing a strategy not setting rules for yourself. For instance trading for 1-2 hours a day. That's a rule that has nothing to do with market psychology. Totally different thing bruh.