practical decision making

[LorrainMor]

Developing a sense of practical decision making can help traders in achieving their trading objectives to a certain extent. Many traders who had high potential to win the market with their abilities lost just because of their inability to control emotions. After winning few trades they grew overconfident which led them the way to failures. Thereby each trader should emphasize on how he can take decisions practically, out of emotions.

 

[lioneld]

Developing a sense of practical decision making can help traders in achieving their trading objectives to a certain extent. Many traders who had high potential to win the market with their abilities lost just because of their inability to control emotions. After winning few trades they grew overconfident which led them the way to failures. Thereby each trader should emphasize on how he can take decisions practically, out of emotions.

It’s very much important! Nice to see your concern; I hope we all will be more conscious on emotions controlling.

 

[Nezami]

particularly before starting trading , we consider this stock exchange as a casino and try to bring profit very rapidly without learning , but in practical there is no short cut way of earning and success in long time process in here.

 

[Pagaro]

This is very nice topic which I find is also very important to discuss with each new trader. Overconfidence is so easily gained in Forex market with only few profitable deals. But, it is so dangerous as traders usually get relaxed and then lose significantly on a next deal

 

[lioneld]

This is very nice topic which I find is also very important to discuss with each new trader. Overconfidence is so easily gained in Forex market with only few profitable deals. But, it is so dangerous as traders usually get relaxed and then lose significantly on a next deal

I feel only relaxed when I get a new TP; although it’s only for new minutes only! Since, then I need to analysis more for the new entry point.

 

[Mazi]

Lioneld, have you considered how you feel when you make several gain deals in a row. You have this ego-feeling of being a king of this market. Right? Well, this is one of very dangerous emotions on forex which makes traders to relax and due this, they make mistake on a next deal

 

[lioneld]

Lioneld, have you considered how you feel when you make several gain deals in a row. You have this ego-feeling of being a king of this market. Right? Well, this is one of very dangerous emotions on forex which makes traders to relax and due this, they make mistake on a next deal

Yes; it’s a great feeling! But don’t open any new trade only based on my good feeling; it’s about the market chart.

 

[Lee Mark]

During the volatile market; it’s really challenging to make a clear decision according to plan; this is why advance trading skill is required here.

 

[lioneld]

During the volatile market; it’s really challenging to make a clear decision according to plan; this is why advance trading skill is required here.

No doubt on it! Even, you may notice only the pro traders can make money by news trading; besides a cool mind is needed!

 

[lioneld]

Money is involved and that is why I am always cautious with every trade

Nice! So, what’s your trading style? Long-term or short-term?

 

[Mazi]

I find that trading on fundamentals is the hardest way of trading. It is time full of uncertainties whether the results will meet expectations or it will surprise market participants. Certainly a lot of experience and knowledge is needed to make the right trade during such volatile times

 

[Lee Mark]

I find that trading on fundamentals is the hardest way of trading. It is time full of uncertainties whether the results will meet expectations or it will surprise market participants. Certainly a lot of experience and knowledge is needed to make the right trade during such volatile times

It’s true; but news trading doesn’t mean only instant trading during the high voltage news session! I see; fundamental analyst also doing long term trading based on FX news!

 

[Mazi]

Antal, I find that this is only right approach to trading. Traders need to take calm approach to both profits and losses. I find that this is very hard, but eventually the only way to deal with emotions on this market. What do you think?

 

[Faal]

demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.

 

[The trader]

the most important trading tip , i think try to manage your money when trading in practical , only money management can change your trading life , otherwise no way to survive in here with successfully.

 

[Andrew McCalam]

its a great place for long term investment , just keep focus on this forum and feel free to ask any question , hope you will get the right suggestion.

 

[Faal]

trade first in a demo , if you are a new in trading , try to be active in pre school level.

 

[Andrew McCalam]

no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place.

 

[Alexander Hudson]

As a newbie, you need to control your mentality at the time of trading. Showing emotion can put you in great danger.

 

[Darragh Bell]

If you want to start forex trading as your business you have to gather all kinds of knowledge and exp[erience about the forex market. Without the proper knowledge, you can not make money from this market.