Forex Trading Philosophy

You've got to know when to hold, know when to walk away and know when to run; never count your money while you are sitting at the table: you will have time to count it once the deal is done.......

I like Money works! Profits... so good! Many profits?

Very very Smart! Always work? Always is good!

I want to learnt and make fast profit!

Teach me A - Z, please.

I want a Money. Lots and many Money!

Wow!!! please take it easy. You just have to slow down lol, it doesn't work that way, forex is not something you can walk into and make so much money just like that, it takes time and effort and you have to slow down on this your getting rich thing!

I believe that the human mind is more powerful than any computer in analyzing the implications of this graph. The essential element is that the markets are ultimately based on human psychology, and by charting the markets you’re merely converting human psychology into graphic representations.

Smart observation; i've been saying many times that trading is a mind game first of all, indeed.
Once you get a correct mindset then the door to world of trading will open allowing you to see what common people cannot see.
The way we are educated to think is not the way market works; i would add that is not the way the whole world works, it is just the way we've been conditioned to think and it is absolutely wrong.
The reason despite everything we can make a living even with a wrong and conditioned mindset but we cannot succeed in trading, is that trading is an extreme activity and everything, the goods and the bads, is taken to its highest level.
The great Steve Jobs said "think different" and this is true with every aspect of our life and it's even more true with trading: this is the hardest task each aspiring trader has to face with, for changing your mind is even difficult to understand as a possibility.
Once you will get over there understanding trading is almost a consequence.

Forex Trading Philosophy: Cut your losses early and let your profit ride for as long as it can.

Well, it's right, but this is not yet a phylosophy just a rule of common sense; you have to know how to do that and noobs do ignore it.

The markets will often go through a long period of confused price action, which does not lend to good trading opportunities. If you do not have the ability to recognize and admit to the reality that the conditions for trading are undesirable, you will probably lose. If the market does not make sense to you, then stay out!

About the trading philosophy: Buy Low, Sell High. Not is correct. Think about it.

My 2c

what you really learn from trading is FAITH.

Drop the "will power" and all that stuff and begin to see yourself as a MACHINE with its pros and CONS, which means: accept yourself as you are so that you can make progress EFFORTLESSLY.

Well... some of you might know this one but it also applies to fxtrading

Grant me the serenity to accept the things I cannot change,
Courage to change the things I can,
And wisdom to know the difference.

A movie like this can hide things useful for trading.

The animation shows how successive scalings of a random walk path converge to a sample path of Brownian motion. Brownian motion or pedesis (from Ancient Greek: πήδησις /pέːdεːsis/ "leaping") is the random motion of particles suspended in a fluid (a liquid or a gas) resulting from their collision with the fast-moving atoms or molecules in the gas or liquid.

Random Walk Theory & Why it's So Important for Efficient Market Theory.

good watch.

Déjà vu and trading

Have you ever had a déjà vu? Have you ever thought "oh I already did this", "oh I already have been here"?
More time I spend paying attention to events around me and more déjà vu I see.
And when a déjà vu happen I try to relax and focus on the event and absorb all sensations I have, and more often I'm starting to feel the sensation of being in a matrix.
Could it be that life is made of these recurring events? And by this I don't mean they are predictable.
I mean they are like sparks happening here and there, somewhere in time.
What if trading is the recurrence of certain events?

Alex

Some great content here

It seems to me that we are not only different in character, etc. Each of us is a trader with its own peculiarities and perception of the market, and that's why each of us uses his or her own strategy in order to understand the market and determine what can and should be used in work, and what technical moments should be excluded from your trading and just move on and continue searching for something that may be useful. I'm always amazed when I read the headlines about strategies that will suit everyone or about the fact that it is possible to avoid 100% risks. If you think so, then you have not understood trading for sure, and perhaps you should not risk a lot of money and cheat yourself. Because if you do, you may be very disappointed.