Stay out if you cannot concentrate?

[galuhtkj]

if I'm not feeling well or being hungover a lot of thought I better not have to trade. I better go out and look for entertainment, if my mind is calm then I will start to trade again. I do not want my emotions destroy trading I was doing.

[kalponick]

Thats right.. I dont think forex is suitable for everybody... Because there are some requirements you need to have to be a successful forex trader.. without those requirements you should chose other profession to live your life.. otherwise you will keep losing money.. you need to be hard working, need to have enough patience, good with English and Computer skills, you need to know how to control your emotions etc..

[umarmsg]

Yes i too agree with you . But when you have open positions and market is in opposite direction then you cant concentrate . Also when you see great entry point but you are not sure about trade , you loose concentration and results in loss. So how to deal with such situations ?

This form of education is quiet useful but you will never ever get entire forex trading lesson in an organized manner.

[faizykhan]

Business of forex trading is based on the knowledge and skills so if a person has less knowledge or trading skill he/she should not do this business. There is another oppertunity for him/her to earn from forex trading by participating as an investor.

[s.saha]

Stay out if you cannot concentrate?

I discovered that forex trading require lot of concentration, and losing concentration may result to losses. Full concentration is quite important and very vital for success in trading.

yes for proper analysis you have o pay lots of concentration. a slight mistakes while making analysis will cause a wrong entry! placing a wrong entry will lead you to lose in that trade. so i am agreeing with you completely that forex trading requires lots of concentration. if you can't concentrate then stop trading for a couple of days, pass some times with your friends and family to get relief from stress. i think it will allow you to concentrate again.

[gretongan]

I think the concentration is necessary to analyze the market. you should really serious in doing so. because it is concerned with real money. but, you should not be too tense, serious but relaxed. so, your mind is not too stressful.

[rokonripon]

Concentration is always must when you sit to trade in forex trading market. Cause without hard concentration you would make mistake and only a simple mistake can damage your capital a lot.
You can take break when your head not working....

[kalpeshmkm]

Yes the concentration must needed when you are trading but in my experience you have to concentrate when you making your order because you have to decide how much you want and how much can afford so it must needed when you are trading Forex.

[soumailaadamou]

concentration is a vital thing to succeed in the forex market currency.

[Anis]

agree with you but when you have an open position and the market in the opposite direction then you can not concentrate. Also when you look at the entry point but you are not sure about the trade so that we can secure funding, and also be able to avoid a margin call