We need to be psychologically strong to make good money like experts.

One should have phsychologically strong mind to succeed in trading, confidence and determination are important as well. Those easily understand the psychological behaviour of others also have good chance of winning as this is very important if you can judge the mindset of all other traders.

factors has related to psychological states must really be considered. like.
1. patience
2. discipline.
3. lack of greed
4. thoroughness.

This is the mental factor of us, which can be a killer if we break them.

Its a very good say that if we want to trade successfully in Forex market,then we should be psychologically strong like experts.

In trading market,one can face Hugh Loss but they should take those as a part of trading and thus should be strong from their heart as there is no place of emotions in the trading market.

Quote:

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Originally Posted by Jazpa

Psychological disasters are responsible for the fall of the traders in forex trade. One who is psychologically affected a lot will never let himself/herself to trade successfully. Those will only be successful who is able to manage the psychological aspects. If one is able to be psychologically strong, then trading will be a lot easier. That is why experts traders never let psychology affect their traders. They are psychologically strong and hence make lots of money. So if we need to earn like them definitely we need to be strong like them.

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han ye baat main ne kafi note ki ha jo physicaly kafi strong hote hane na woh sahi baat ha kafi achey trader bhi hotey hane ye mera khud ka personal experince ha or main es se 100% mutafiq houn app bhi ye experince kar k dekh lo app bhi maan ao ge

Quote:

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Originally Posted by Jazpa

We need to be psychologically strong to make good money like experts.

Psychological disasters are responsible for the fall of the traders in forex trade. One who is psychologically affected a lot will never let himself/herself to trade successfully. Those will only be successful who is able to manage the psychological aspects. If one is able to be psychologically strong, then trading will be a lot easier. That is why experts traders never let psychology affect their traders. They are psychologically strong and hence make lots of money. So if we need to earn like them definitely we need to be strong like them.

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THese are the very true words. We really needed to be stron psycological persons to make a good profit like professionals. An dit really helps to make a good profit like professionals if we remain confident after opening a trade.

there are many factors for failure of a trader, pshcycological factor is not the only one.

yes its right that we need to be pshycologically strong in order to live on forex. to make consistant profit one need to develop a good and working strategy and it need to be followed strictly, which requires a strong character and pshycology

for it we have to learn step by steps, then it will make strong the mental with very good, just trade with the safest way then it will build a good psychologies, there is no panic when got the floating minus and etc

Psychology and mind set comes with experience. Experiences tells us our mistakes and achievements. If one came to know what he had committed mistake then he should take steps to minimize this mistake and should also keep in mind in future the same thing can happen. In this way a trader should build his psychology and prepare him for any situation.

han ye baat main ne kafi note ki ha jo physicaly kafi strong hote hane na woh sahi baat ha kafi achey trader bhi hotey hane ye mera khud ka personal experince ha or main es se 100% mutafiq houn app bhi ye experince kar k dekh lo app bhi maan ao ge

No doubt, forex trading business is very much risky.So, a good forex trader should be psychologically strong.Otherwise, he/she can not make profit.At first everyone should make his mind strong and then come to this business.