Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



Is concentrating important?


adil007

Recommended Posts

Sooner or later, even a newbie will understand the importance of concentrating in Forex. I mean, it is something that you don't need to run away from because you must put your time in it and have that focus in getting the best off it especially when you are making your trading analysis. That is one of the things that can make you what you want to be.

Link to comment
Share on other sites

Yeah i see your points there although many people does not know concetrating are important, but it is a key that make a trader able to produce such a profitable trading. The consequence of letting our concetration dropped is fatal and would may blow our account especially to those who prefer cutting loss manually.

Link to comment
Share on other sites

  • 6 months later...

Concentrating is definitely crucial, if we want to do well in business like Forex then we must concentrate well, as that’s the only way we will be able to plan well and then execute it correctly. If we are weak in concentrating then we will suffer a lot, as it is seconds in Forex that can make massive difference, so that’s why we have to be sharp not in spotting opportunities, but also to be able to ride them. I find practicing as the best way to sharpen up our skills and increase up the bar as far concentration is concerned, it gets helped greatly with OctaFX broker, as they have long list of demo contest like cTrader where we can win 400 dollars per week, so it’s ideal place to do practicing.

Link to comment
Share on other sites

  • 2 weeks later...

All agree with that concentration surely important for traders not just for their short term interest but also for their own long term interest. Nevertheless not all traders can concentrate very well like others, especially for some traders who seem to only want to pursue as much profit without emphasized the quality of such trading.

Link to comment
Share on other sites

The concentration is must for working in any business because with the disturbed mind we can not work and our skills are not working 100% so if any person wants to success in forex trading they have to pay attention to anything so they can get maximum from this business. We have to understand the importance of the same.

Link to comment
Share on other sites

  • 1 month later...

In trading forex, we can not predict the price of the good, therefore we need to be able to continue to practice good trading skills so that we will be trading with leverage. And the concentration we will be able to maximize our capital well and see where the market will move. Forex is a business that has a high risk, to succeed in this business then we need to learn and practice many trading well

Link to comment
Share on other sites

  • 2 weeks later...

I still see concentration as important part, it is very logical for all traders to think like that. Imagine you trade but forget to open or forget to close your position because you just saw a new video from youtube? That is what happened(just for example) if you don't focus to your trading, you don't concentrate and the worst over the worst happened.

Link to comment
Share on other sites

  • 2 weeks later...

In forex trading, the concentration is needed in this forex trading. because the forex risk is very high so we need to concentrate in forex trading because of the concentration, it will allow us to find the right moment to enter and exit the market

Link to comment
Share on other sites

Yes concentration is important, but it cannot guarantee anything, but at least if you are a cut loss guys rather than stop loss guys then that is better. Concentration also needed for opening decision, distruptive activity would annihilate much of our chance to grab optimum profit.

Link to comment
Share on other sites

If you can't concentrate then you cannot make profit, why because to make profit we need to concetrate to our position that we open. We need to monitor the movement and also see if the trend is changing or not, switching to the other window would require less concetration and the result isn't good enough.

Link to comment
Share on other sites

Concentration really is important in trading. It is always great to have a calm mind while trading because this boosts our concentration towards our trade. It is not wise to rush trades because this will often lead to decisions that are not weighed properly and this decreases the chance to win a trade or somehow get into a good position.

Link to comment
Share on other sites

Yes concentration is very important for all trader durng their trades, especially for scalping trader, they required more concentration to monitoring the market befause they will open and closed order at short time, forex market very dynamic movement and unpredictable but as trader need concentration to use their knowledge so they not trade recklessly

Link to comment
Share on other sites

Yeah of course concentrating is very important because this is the part which makes a lot of difference especially if we are doing aggressive way of trading which is mostly scalping, I believe this is a kind of method where not only concentration is required but we need to be a lot more discipline as well, so this is why this is so useful. I was always able to concentrate well but still due to lack of experience it was tough to work out, but with OctaFX broker, it was so easier for me given their demo contest like cTrader, it’s weekly based which is suited to scalping and with that, I gain so much experience which helps a lot.

Link to comment
Share on other sites

Yes of course concentration is required in tradng because to analyze the market required in calm minds to analyze the trend market and also look on indicator whether already get signal confirmed or not yet , and also as trader also need concentration especialy if they open trade for short term plan trading, this very important

Link to comment
Share on other sites

As long as you concentrate i am sure many unecessary action would be suddenly remove from your act. Also it is important to note that concetration will give us boost, by focusing we can give more attention to our position, and it is easier to manage them if something wrong happen later.

Link to comment
Share on other sites

As long as you concentrate i am sure many unecessary action would be suddenly remove from your act. Also it is important to note that concetration will give us boost, by focusing we can give more attention to our position, and it is easier to manage them if something wrong happen later.

As trader should realized if actually forex market easy to changed, and with concentration so they can determine when timing to enter and when timing to exit, profit and loss is common thing, and here as trader need risk management to managed their account, after trader already have concentration, they also need strong psyhology trading

Link to comment
Share on other sites

As trader should realized if actually forex market easy to changed, and with concentration so they can determine when timing to enter and when timing to exit, profit and loss is common thing, and here as trader need risk management to managed their account, after trader already have concentration, they also need strong psyhology trading

 

yes, a concentration much needed in forex trading, due to the concentration then we will be able to be able to get the right time to enter and exit the market well. For that, we should be able to concentrate so that the risks can be minimized with good. And manage capital well indispensable

Link to comment
Share on other sites

yes, a concentration much needed in forex trading, due to the concentration then we will be able to be able to get the right time to enter and exit the market well. For that, we should be able to concentrate so that the risks can be minimized with good. And manage capital well indispensable

Actually forex market move very dynamic, but here as trader also need to learn to determine best timng to enter and exit, if only trader being recklessly in decision making often they will faced with floating loss so will beter if we always concentration with the market to determine entry point based on system trading

Link to comment
Share on other sites

Actually forex market move very dynamic, but here as trader also need to learn to determine best timng to enter and exit, if only trader being recklessly in decision making often they will faced with floating loss so will beter if we always concentration with the market to determine entry point based on system trading

Nice advice though, i think the same way that forex is very dynamic and we must know the right timing to enter the market, or to close the position we have been opened. The correlation with concentration is that concentration help traders to execute those strategies flawlessly. High concentration without any distraction would allow trader to see more possibility.

Link to comment
Share on other sites

  • 4 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...