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

Traders psychology is the mindset of a trader and his mindset like confidence , faith in his abilities and skills , motivation , determination to perform better , patience and discipline are all part of mindset of the trader.

Yeah we need to be psychologically strong as there shall be time in trading carreer when we shall need to take bold decisions, also those can guess psychology of majority of traders world have an upper hand in winning traders.

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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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Yes i agree, the psychological factor is unquestionable factor to succes in everything in our lives, including forex. In order to be an expert trader, we must psychologically strong that we can get rid of Fear and Greed.

Psychology is the main part of every men who trade in forex.If he becomes psychologically damaged he will lose his profit.On the other hand he will never be able to trade when he can not control his emotion,his mind when he trades he will be a loser in his situation.A good psychological trader can arrange his skills,tricks,cleverness as well as other needy of trading to get huge profits.

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Originally Posted by fxquest

Yeah we need to be psychologically strong as there shall be time in trading carreer when we shall need to take bold decisions, also those can guess psychology of majority of traders world have an upper hand in winning traders.

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That's right. Good psychology will make you have good decision in any conditions in the market. It's important to keep
stable emotion in forex because anything can happen in the market. Keep our emotion in stable condition will make us
to trade without worrying of losses.

yes I agree with you that if you are psychology strong then it will be a good sign for your trading because a psychological strong take strong decision in Forex market and a emotional traders can't survive in trading.

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.

I agree with the opinion in this thread. indeed we are very big psychological impact on the success of the trade that we do, so I think we should train our mentality in the trade to keep it stable. weeks to train our mental and it takes hours of flying high in the trade

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Originally Posted by kaji

I agree with the opinion in this thread. indeed we are very big psychological impact on the success of the trade that we do, so I think we should train our mentality in the trade to keep it stable. weeks to train our mental and it takes hours of flying high in the trade

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If you want to get success, psychology is one way to be successful in forex trading. because we are extremely difficult to study psychology, must learn the real account, we can not train our psychology in the demo account. that is why many traders who still have a less good psychology.

I agree with you sir, we must be mentally strong that there will be time trading career when we need to take bold decisions, as they can guess the psychology of the majority of world traders have the upper hand by winning commerçants.et see what we have.