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Thread: What mental do we need ?

  1. #1
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    What mental do we need ?

    what mental do we need to be a good trader ?

    many of traders want to be a good traders, and of course, this is the main aim for us that why we came to this business, but many of us forgot for this one thing, we seldom prepare it before with well and just enter and join to this business directly

    then why, many of us got the hard situation and not ready to accept some condition that had dried their mind to think with clearly. some loses in hands and emotion came up easily to drive the mind, and as the results, not the advantages that we got from it, but we just suffered with loses in hands, frustration and let the emotion drove the mind,

    this is a dilemma for them, but this is the facts,
    and so now, what the thing we need to prepare for this condition, what mental have we prepared for this business ?

    forex is a business, we came to this business for making good career, so we have to think as the businessman too, where good mental is very required

    and the next question is, what mental is good for business ?

    the businessman will face some condition in the field. some are good and some are bad, but they understand that is not easy to change the condition from bad to good or they have to control it with well,

    they have to have good mind and mental for this, never let the emotion play the role to disturb their plan
    there are some points that have to had by them

    1. never think that a bad condition will always give bad results, and even think that it is the step for them to get a better level for next step
    2. get ready to accept all the results with gracefully and even for the worst one, so they can rise to complete them
    3. always take all the steps and results as their full responsibility, and never blame them to the others
    4. never give up for some condition because they knew that they have not yet used their best performance for doing business
    5. always think with realistic, and consider to take the target as easy as they can and then repeat it
    6. have a good mindset and always think to develop themselves, and it is a must
    7. always play with good rules,never take the risk when they have not yet ready for it but they always think for how to get more ( not greed )

    some items above is good for us and maybe it is useful to open our eyes and mind and think about them,
    because we came to this place for making business,

    please dear members, add for some items to complete them and hope that it will become a good motivation for all of us
    thank you very much

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  2. #381
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    Quote Originally Posted by forexfighter007 View Post
    With discipline and patience our learning becomes meaningful and also our trading becomes meaningful. Forex provides us the opportunity to earn money. and Besides earning it helps us develop some qualities such as the mentality of how to take win or loss easily,discipline,how to keep patience etc.
    It can take us far in the business. The right mindset we need is knowing that nothing can be achieved without the right mindset, that includes knowing that trading is risky and so we have to always make use of risk and money management as we trade. The mindset of controlling the risk we are taking all times makes the different.

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  3. #382
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    Quote Originally Posted by samprazaan View Post
    6. have a good mindset and always think to develop themselves, and it is a must
    7. always play with good rules,never take the risk when they have not yet ready for it but they always think for how to get more ( not greed )
    I will also say that we have to have such a mindset and know that we are in the forex trading business, so we can make money from the market but can loss. In a nutshell what such mindset do to us is that it makes us realize the importance why we have to always make use of risk and money management in general all trades we are taking.

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  4. #383
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    we will have a good mindset to trade. Greed and fear should be avoided. Greed is more manageable than fear because fear just won't allow a trader to take action in the first palace whereas greed tends to ask for more when what is already available is good enough. Bottomline is that both are dangerous to a trader.

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  5. #384
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    Quote Originally Posted by yezid View Post
    we will have a good mindset to trade. Greed and fear should be avoided. Greed is more manageable than fear because fear just won't allow a trader to take action in the first palace whereas greed tends to ask for more when what is already available is good enough. Bottomline is that both are dangerous to a trader.
    yes it is important for trader that trader use good mind in trading and trader do not use greed and fear in market and trader work in market with good management and trader use fresh mind in market and trader understand the right trading techniques and trader do not work in dangerous trading situations and trader complete analysis the market and make order in market and make good profit in forex trading

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