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Forex requires mental capabilities


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Sound memory? I don't know what is that but in fact mental is an important part of foreign exchange trader, without mental you can easily quit forex and imagine how many people loss from big amount to small amount and if they don't have a strong mental capability to handle those stress, it would be a disaster for them.

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Mental will affect our trading results, have a good trading skills if supported by a strong mental will deliver maximum results for our trading, then from that we have to train mentally with trying to trade on a real account with using small capital first

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Mental will affect our trading results, have a good trading skills if supported by a strong mental will deliver maximum results for our trading, then from that we have to train mentally with trying to trade on a real account with using small capital first

As long as you know what to do that is okay for me, but once again fx still requires a good mental or healthy mental from its traders, once you mess up with all of these things you won't be able to recover and from the bad perspective you may even lose more than what you expect not just financially but mentally too.

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forex trading is high risk oriented job and here we are facing high level of risk of losing money we should be careful and get more understanding when we doing trading. Forex trading is real mental job here we have to take time to get all calculations right and get all analysis correct at first level be realistic in setting targets in forex trading business. Get notice of all trading situation in our consideration and make all calculations with the movement of the market is pure mental work. So trading requires a use of mental capabilities and understanding of the market movements.

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If your mental isn't good enough then simple don't trade in forex, like original poster said that forex require mental capabilities is true if you are not capable enough to be a good trader then you cannot be a good trader you will only lose more than you can afford. The bad part is that you can quit faster.

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  • 3 weeks later...
  • 4 weeks later...

Good pressure? Can you elaborate? Pressure isn't really good, in offline office or other offline job you get pressure too and even less than fx trading. And it is true that we must learn a lot, not just learn but really meant it, apply it in each condition you meet so far on market. So, in the end it is someone who have good mental capabilities can survive in forex.

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Yes, i think forex requires a good mental capabilities. As long as you are good enough you may able to reduce more fatal mistake because of your psychology like fear or greed. If you have good mental capabilites your next move only to find a profitable strategy that may works for at least 60% of your whole trading.

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I totally agree with you, you should first learn well, then you have to choose a profitable strategy, I prefer to be having an own strategy, don't just follow others and copy their trades, try to gain your knowledge and experience by your self, just spend some years in the market, don't leave forex if you didn't reached your goal in first year.. be patient.

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  • 1 year later...

Strong and reliable mental capabilities, it is not the place for weak because of once you lose you need to get up once again and trade. No time to stop and waiting for something you don't need to. If somebody doesn't have strong mental capabilities to handle forex they will easily quitting and stop to trade just because one or two losses.

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Strong and reliable mental capabilities, it is not the place for weak because of once you lose you need to get up once again and trade. No time to stop and waiting for something you don't need to. If somebody doesn't have strong mental capabilities to handle forex they will easily quitting and stop to trade just because one or two losses.

Do not never give up in our run trading losses, the loss is that we will be successful later run this trading. Always do learning, evaluation to be more motivated we will way our performance is getting better again and the profits can certainly with the mudan to get when plunged in his real account with FXB Trading

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Do not never give up in our run trading losses, the loss is that we will be successful later run this trading. Always do learning, evaluation to be more motivated we will way our performance is getting better again and the profits can certainly with the mudan to get when plunged in his real account with FXB Trading

That is the kind of mentality we need, it is not the typical quitter. Forex is a tough business so it needs somebody who can trade better and able to make the profit too. If you are strong enough I'm sure you wouldn't lose much and your confidence will stay intact.

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  • 4 weeks later...

But not all the same and as we know we can see a lot of quitter nowadays because the market itself is pretty much uncertain too. As long as you have good mental capabilities, losing once or twice won't make you quit and your tenacity will hold your ground before you can start to fight back and recover, this  is what many traders said as a strong and resilient trader.

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If you want to feel that forex trading it requires good mental and powerful live try menglola funds trading in demo account as well as compared to managing funds trading on a real account, for which the comparison will describe the differences from the mental side of a trader


 




 





 


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  • 3 weeks later...

set the funds to not overtrade, because if you've got a target sometimes for greed may happen, trading psychology is very influential to survive in this forex trading. and more can be better trading evaluation

we are in running forex trading it is the first always to run a good trading in learning understanding of everything. Because forex trading has a very big risk role, so a good skill of trading skills will have an important influence on the profits will be consistently easy to reach in the plunge in real account

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In running the trading it takes everything, especially skill trading ability and also mental burden is also important. I started using FXB Trading site a few months ago and had no difficulty with the platform it offered. Compared to some other trading sites, there is no weakness here. It has an easy navigation system and various helpful trading platforms.

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In the long run a strong mental capability will help trader to establish theirselves as one of the best traders out there. Why? If you just lose few times and have quitter mental, you won't be able to reach that state. However, with strong mental capabilities you can survive from the harshness of foreign exchange market and even make your trading better.

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in trading, a trader must have a strong mentality. because if a trader has a weak mentality, then it will lead to loss because mental is something that affects a trader. btw, is there anyone who has subscribed with one of the brokers?
if not, try subscribing with FXB Trading. because they provide many profit.

 

Weak mentality affect trader's career in forex in long term, with that you can easily lose and won't even have any willingness to recover yourself. The thing is that with this kind of mentality you won't survive in this business, you cannot become a trader, you will often keep losing your own money and get nothing.

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Yeah, the weak mentality may affect the Forex Trading, and thus we need to keep calm and establish control over our emotions if we wanna survive this risk market.

Mental strength should be maximized well to be able to master everything and to make trading more successful then a trader must really try to run it properly

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my opinion yes, because the strong mentality is needed for the winner if in the race because if once the trader is a loss and mental trader is ugly the trader will certainly leave the forex trading immediately but if you have a strong mentality would be traders will try again until achieving success. well in FXB Trading is highly recommended to have a strong mentality but it can all be trained in this broker

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Yeah, the weak mentality may affect the Forex Trading, and thus we need to keep calm and establish control over our emotions if we wanna survive this risk market.

Logically for someone who have good mentals they won't have any problem which related to foreign exchange. The mental you have probably won't ruin your activity as trader instead it will help you to stabilize your emotions since forex is full with uncertainty and may disrupt your emotional state.

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