Maybe I prefer the first: 1. years of screen time. I am trading on demo account now. And don't feel confidentially for trading on live. It needs a long period time to control your emotions.
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To feel the emotions you need to trade live. Because when you trade demo you cannot get the real feelings. Demo trading is very important prior to go live. But Live account with less than $100 & trading with micro lots worth a try with lower risk. Just my opinion.
Well, based on my experience, I would say money management is the easy part of trading Forex. You have full control of the size of your trade and the setting of your TP and SL.
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Ah would agree with you except when it comes to newbies, they do not even bother setting up TP and SL and MM goes out of the window..
To feel the emotions you need to trade live. Because when you trade demo you cannot get the real feelings. Demo trading is very important prior to go live. But Live account with less than $100 & trading with micro lots worth a try with lower risk. Just my opinion.
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I agree with you but feel not surely for trading on live account. It seems to that have no real skills and afraid to loose my money.
I agree with you but feel not surely for trading on live account. It seems to that have no real skills and afraid to loose my money.
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You can start with the demo, learn about trading and when you think you are ready to go live, open a micro account and start trading with it, good luck!
Trader should control their emotions and then we will be able to trade properly. By following the patience factor we can control our emotions. We have to increase our money management skills to save our account from big losses.
When you choose Forex trading for investing your money, you should remember that money management is the key of success for Forex trading but don't be emotional.its may be harmful for your carrier
i am agree with Michael C. F about money management.its very important to success in forex trade.Forex market considered as a risky market for its high rise and fall trends. You take a chance from this fluctuation to earn some profit by trading your cash. Knowing the risk of this market
control your emotions is very important for traders because by controlling emotions better, it will make us able to trade with the maximum. therefore, we need to be able to control emotions well to be able to get the maximum results when trading. we can train it to control emotions by trying to trade with little capital like $ 1
Maybe I prefer the first: 1. years of screen time. I am trading on demo account now. And don't feel confidentially for trading on live. It needs a long period time to control your emotions.
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demo account can we optimize the function of the means we practice trade diligent and disciplined so that trading skills that we possess can be honed better, because of the need to process what we do in conducting the trade binsis forex, emotions that we have of course for us to control and needs to be controlled
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Joined Dec 2015
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While being able to control one’s emotions is incredibly important, having knowledge and experience is just as important. Successful trading is possible only when you have all three at the same time.
While being able to control ones emotions is incredibly important, having knowledge and experience is just as important. Successful trading is possible only when you have all three at the same time.
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emotional control certainly has an effect that can affect the results that we have because it can decrease the focus when placing the order, therefore it should be more practice only once to be able to train mental and mind control in order to better results.
Make your system as Mechanical as possible...that means that YOU become a robot when trading....learn to Detach from your Emotions.....and w/o getting all Zen on you....acknowledge and observe your thoughts (and hence your emotions).....and cut out the "chatter".....here are some good resources: http://www.amazon.com/High-Performan...Message Thanks
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Great comment, I can not agree with you more.
I am learning to reduce stress, emotions and all other things in my head is to be as mechanical trader as humanly possible. And to do this a trader needs confidence in their system. And to gain confidence in your system by back testing it with prior data and calculate stats.
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Personally, I think that a little dose of fear while trading is not a bad thing. As long as it just makes you wary, rather than anxious, it can actually be helpful.
emotion in running forex trading is not a we have to do, otherwise the emotions will destroy everything, and with that we also always to keep trying to execute trades with the desire can learn in the achievement of the profit we want to get
Management of one’s emotional state is difficult especially for a newbie in forex trading. After acquiring all the knowledge about forex and practicing demo account a new trader should test the real conditions in a live micro account. And yes a little fear of losing money can be good as it keeps the trader in control and he will only invest the money he can afford to lose.
