Why decision making is important in the Forex trading?
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    Why decision making is important in the Forex trading?

    The mostly professional traders says that the decision making is very important in the forex trading because the rate of the market to determine and take the right decision is very important in the trading and if you take the decision at the right time then you will make the profit so i think the decision making is very important in the trading so what you think ?

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    Yeah we should respect the speech of a professional trader because you have to be active here at the time of your trading you should have good skill and good experience of making buy and sell in the market and to leave the market on good time that's depend upon our experience how much we earned from forex trader so you can grow your experience slowly slowly here because it will take a long time to become success here

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    Rookie mohamed reda's Avatar
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    yes that is the most important thing if you are trading Forex or any thing because if you can not make the right decision you may face a disaster and you may loss all your own money on one trade so you must training on making your decision about your trading and if you could make this you will be a good trader .

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    Decision making knowledge is really matters a lot, first we will need to analyze the market well, and then should find out some possible setups and then should take the decisoions confidently because everything depends upon our decision and hence decision taking knowledge is very important.

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    This is interesting topic because lots of books are written about decisiong making processes and judgements.

    It's not about knowledge, it's about our biases and "heuristics"

    How we make decisions in daily life?
    We learn something that works and make it many many times, then we act automatically in similar situations.

    When you see 2+2, you may not be able to resist image of "4" appearing in your head. Pattern is so strong that "4" appears automatically.

    Similar reactions occur in our head when we accept risks and act in uncertain conditions (this is trading).
    We may start seek for safety (mechanical trading systems, confirmations of trends, stress-testing e t.c.), we may start "defend" our property (money), fighting and resisting.
    We may start blaming and asking for justice. Every person selects the way he is more comfortable with.

    All that actions are also automatical and worked well for us in the past.

    But in the market they are all destructive!

    These actions push us to make bad decisions in trading or investing.

    That's why it's important to know - how you make decision. It's not only about logics, but it's about your favourite way to respond to uncertainty

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    of course decision is important in that market because in final may make you positive result and may make negative result , so i think if you want to make profit in that business you should think well before you take this decision and you should take it according to rules you put to your self and also according to your learning ..

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    decision making decide that our trade will go in profit or loss cause in forex only two things are possible profit or loss so if our decision is good then we can make profit from forex market and if our decision is wrong then only loss is possible in forex so for taking good decision we need to follow market trend which can increase the chances for us to make profit.

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    Quote Originally Posted by sam9630 View Post
    The mostly professional traders says that the decision making is very important in the forex trading because the rate of the market to determine and take the right decision is very important in the trading and if you take the decision at the right time then you will make the profit so i think the decision making is very important in the trading so what you think ?
    I think the forex trading is very fluctuated market and the trend of the market is move very quickly so that's why we need to have take the decision at the right time and quickly make the decision if we make the decision then we will make the good profit in the trading.

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    Registered user dkarev's Avatar
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    Quote Originally Posted by rai504 View Post
    I think the forex trading is very fluctuated market and the trend of the market is move very quickly so that's why we need to have take the decision at the right time and quickly make the decision if we make the decision then we will make the good profit in the trading.
    well the trend of the market is always moving and the market will always fluctuate,the good news is that that where the money lies,we just need to find a way to get in between the fluctuation the market might be making,that is the hold way we can make profit either we hold long or short when trading

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    Yes. Each trader must have a decision, that's important. In my opinion not all the decision was good. Many of the traders who have made a decision just based on the estimates of emotion. I think the right decision is the result of a conclusion the market in accordance with the analysis of trading strategy and do trade on the plan.

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