How to improve our psychology control in trading?
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  1. #1
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    How to improve our psychology control in trading?

    Expert traders need to control psychology in trading, but the question is how to train our psychology so we can trade not only following emotion. I think almost all traders have known the theory about psychology control but in reality, it is not easy to control it well especially when condition of market is different with our expectation as our first analysis. So what do you think about improving our psychology control? How to do it and how to know that our psychology has been improved? Feel free to express your opinion here.

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    Trader Hukam's Avatar
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    Mate I think you first of all try to gain good knowledge first of all you should have faith in yourself and you should have a good money management and risk management in forex. If you are able to manage your trade's in a good way then for sure you can do trade with a strong psychology in the market

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  3. #3
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    try demo account, at this place we will learn and get much experiences, and maybe we can see our basic too, and how good we can control the emotion , and the important thing here that trader just need to use demo account with full responsibility and is like real account

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    Quote Originally Posted by Hukam View Post
    Mate I think you first of all try to gain good knowledge first of all you should have faith in yourself and you should have a good money management and risk management in forex. If you are able to manage your trade's in a good way then for sure you can do trade with a strong psychology in the market
    Thanks for your sharing experience here, friend. I think you are right that we must have good knowledge about trading first and then train ourselves to get confident with our own decision in trading so we can make decision without too much worry of loss when we made mistakes. Good money management and good risk management can help me to do that. So, should I use Stop Loss in every transaction to control emotion?

    Quote Originally Posted by Khimi234 View Post
    That's a very good comment Hukam I think that's true. Demo trading is a very good place to learn forex well. First of all we have to build our confidence and have to prepare a good trading plan and good trading system. We just need consistent earning for couple of month's in forex then for sure we can do trade with a strong psychology
    I think you're right that getting profit consistently can give strong psychology but the hard point is making it happen (getting consistent profit for couple months). Lets say if I experienced losses several times in a row trading and suffer big losses, how to bring back my confidence?

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    Quote Originally Posted by newentry View Post
    try demo account, at this place we will learn and get much experiences, and maybe we can see our basic too, and how good we can control the emotion , and the important thing here that trader just need to use demo account with full responsibility and is like real account
    yes the demo plan should still to gives of the good worth on trader to earns of the good value before further to decide to moves on running to work with the real live of trading plan.
    as demo works the same on using of the live price ticker that trader focusing with the application on running of the signals qualification with the system of the choice.

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    That's a very good comment Hukam I think that's true. Demo trading is a very good place to learn forex well. First of all we have to build our confidence and have to prepare a good trading plan and good trading system. We just need consistent earning for couple of month's in forex then for sure we can do trade with a strong psychology

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  7. #7
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    improving the psychology is not a thing you can do over night. you will have to study with this and practice this more and more. and when you think this is the positive decision you should take then you need to adopt this. and then the profit will come for sure or the target you made will be fulfill. thank you.

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    Hi dear, I am including a trader who has difficult in control psychology, even I've lost my mind to be able to have a good psychology, but then I tried to change the style of trading, I became a long term trader, and after one year I feel many changes in myself, especially in terms of trading psychology, and then I tried to short term trading again, I actually already have significant psychological changes, this is my experience in changing the psychological condition.

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    If you lose, be patient. If you win, stay humble

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    Quote Originally Posted by rinaji View Post
    Hi dear, I am including a trader who has difficult in control psychology, even I've lost my mind to be able to have a good psychology, but then I tried to change the style of trading, I became a long term trader, and after one year I feel many changes in myself, especially in terms of trading psychology, and then I tried to short term trading again, I actually already have significant psychological changes, this is my experience in changing the psychological condition.
    All traders have one or two short-come that is similar to this one. But the main thing is to be sure of what you are doing and what you know the best to do. Try to tabulate your own trading plans, this will help you to know what you want in the market and what you set to achieve by doing it. Determination and discipline will help you so much if you can give it a chance.

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  10. #10
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    Quote Originally Posted by cozard007 View Post
    All traders have one or two short-come that is similar to this one. But the main thing is to be sure of what you are doing and what you know the best to do. Try to tabulate your own trading plans, this will help you to know what you want in the market and what you set to achieve by doing it. Determination and discipline will help you so much if you can give it a chance.
    There are no short cut in forex trading. All need time, even long time to be success. Some trader need little time to improve psychology in trading, but some trader need more longer time to improve psychology in trading. As adult stages of people. The age do not indicate the adult stage of people.

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