How to control you emotions

Discussion in 'For novice traders' started by Francmorio, Sep 25, 2017.

  1. liafatlouie

    liafatlouie Member

    I'm working with Freshforex and my broker is awesome, one of the reason is Flexible hedging with "Smart Bridge Technology®", which provides the best NDD execution and the most accurate quotations.
     
  2. broforex

    broforex Member

    Yes, for me to successful in forex, you have to know 3 things :
    1 - Strategy just give you 20% of success
    2- Money management give you 40% of success
    3 - Your mindset will give you another 40% of success
     
  3. liafatlouie

    liafatlouie Member

    Agree, we really have to master the basics of trading well, such as Strategy, Money management, risk management, and psychological trading.
     
  4. broforex

    broforex Member

    In this pandemic era, everybody is aware about this virus, so many people lost their job about this issue (covid-19), you need to control your emotions so still doing forex trading, I think you will get another cashflow, don't let Corona virus beat you. Stay at home, stay trading!
     
  5. liafatlouie

    liafatlouie Member

    Having forex trading skills during the pandemic is very helpful when the real sector is closed, and forex trading continues to run well.
     
  6. broforex

    broforex Member

    The main requirement in this scenario is only one: risk management. Risk management is one, if not the only, crucial element in maintaining profitability for successful forex traders. However, the majority of traders will find it difficult to realize this fantastic profit.
     
  7. liafatlouie

    liafatlouie Member

    Yes, controlling money management and risk management are important for forex. So, more practice trading makes perfect.
     
    Last edited: Jun 25, 2022 at 2:55 PM
  8. Glennbic

    Glennbic Member

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  9. liafatlouie

    liafatlouie Member

    With the right broker we feel at good trading there, like at Freshforex the profits are increasing because there are top-ups without commission.
     
  10. broforex

    broforex Member

    There is no forex trader who never loses. Not only for traders who are still learning forex. Even professional traders have experienced losses and made them successful and able to rise again is the ability to manage risk and implement appropriate strategies to get back up
     
  11. liafatlouie

    liafatlouie Member

    In fact, we must be able to control ourselves because forex is a really good option to work with. With the right approach and the presence of desire, the result can be more than positive.
     
    Last edited: Jun 27, 2022 at 7:12 PM

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