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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. #11
    Trader Doge's Avatar
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    the most important skill in trading is the habit of perpetuating winning trades - where there are accents on every word: habit - it is necessary not only to make profits, but to create a habit of doing so; perpetuating - yep, it is all the same every day repeating over and over again and we must be the one to take the lead of it, not the other way around; winning - this is not just about profits, but making the perfect trades - if there is a move our aim is to be as soon as it is confirmed, if there is not or it's over - we aim to exit as cheap as possible; trades - exactly, not analysis, not prognoses, not opinions, but trades

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  3. #12
    Trader Hukam's Avatar
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    Quote Originally Posted by Doge View Post
    the most important skill in trading is the habit of perpetuating winning trades - where there are accents on every word: habit - it is necessary not only to make profits, but to create a habit of doing so; perpetuating - yep, it is all the same every day repeating over and over again and we must be the one to take the lead of it, not the other way around; winning - this is not just about profits, but making the perfect trades - if there is a move our aim is to be as soon as it is confirmed, if there is not or it's over - we aim to exit as cheap as possible; trades - exactly, not analysis, not prognoses, not opinions, but trades
    Right mate, by following a good habit we can gain a good success in forex. And we can do better in our present and in our future both. We should neglect our bad habits and should adopt good trading habits. And we need a good positive mindset too. If we have a good habit like making money consistently regularly, then we can trust on our trading system and can enjoy our trading too

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  4. #13
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    Quote Originally Posted by Hukam View Post
    Right mate, by following a good habit we can gain a good success in forex. And we can do better in our present and in our future both. We should neglect our bad habits and should adopt good trading habits. And we need a good positive mindset too. If we have a good habit like making money consistently regularly, then we can trust on our trading system and can enjoy our trading too
    [lang=id]a good mindset will make the traders always open mind and try to make a good thing for themselves with find the solution or develop themselves, so good mind will give them good habit to build a good thing for their work or activities, and a trader who have this part will grow up with goodly , good mindset will give them good mental to face some condition[/lang]

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  5. #14
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    Quote Originally Posted by samprazaan View Post
    [lang=id]a good mindset will make the traders always open mind and try to make a good thing for themselves with find the solution or develop themselves, so good mind will give them good habit to build a good thing for their work or activities, and a trader who have this part will grow up with goodly , good mindset will give them good mental to face some condition[/lang]
    Trading with the mindset does not happen by itself. We need to learn and achieve it. When we trade with the right mindset we are capable to use our knowledge in a better way that facilitates learning. We can stay mentally stable during adverse market conditions and when are trades are in losses to take the right decisions. Planning and learning discipline can contribute vastly towards achieving the right trading mindset.

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  6. #15
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    I think a positive mentality is what we need as a trader whereas knowing that no matter what we are facing now that we can succeed the business when we have done the right thing. We should also avoid having the mentality that we can make fast money from forex trading due to that will often lead a trader to indecisive and impulsive trading.

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  7. #16
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    Quote Originally Posted by sharegistFX View Post
    I think a positive mentality is what we need as a trader whereas knowing that no matter what we are facing now that we can succeed the business when we have done the right thing. We should also avoid having the mentality that we can make fast money from forex trading due to that will often lead a trader to indecisive and impulsive trading.
    Yes our mentality has a huge impact on our trading. Making good strategies can help build the right mentality. Using indicators can be a profitable one but it can give wrong signals sometimes. Just you must remember this and add some tools to increase the prediction about the future signals.

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  8. #17
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    Quote Originally Posted by PROPENSITY100 View Post
    Trading with the mindset does not happen by itself. We need to learn and achieve it. When we trade with the right mindset we are capable to use our knowledge in a better way that facilitates learning. We can stay mentally stable during adverse market conditions and when are trades are in losses to take the right decisions. Planning and learning discipline can contribute vastly towards achieving the right trading mindset.
    [lang=id]yes of course, there is something that will trigger it, and it depends to them who have the interest for this business too, and if the traders have good interest, and want to do seriously, good mind set will appear and build their good foundation.
    and we can see it when the traders face some condition, did we take and face them with gracefully or not, this is the reflection of their mindset[/lang]

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  9. #18
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    In the truth, I see many things with forex traders, I believe that doing trading with the skills is not their problem, but the way they will apply what they know in the market. I believe also that the solution to every of traders problem is determination and discipline. When they have this too, the emotion and bad natural deeds will not come to them.

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  10. #19
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    Quote Originally Posted by SuccessfulKartik View Post
    Yes our mentality has a huge impact on our trading. Making good strategies can help build the right mentality. Using indicators can be a profitable one but it can give wrong signals sometimes. Just you must remember this and add some tools to increase the prediction about the future signals.
    Forex is a business of the mind. 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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  11. #20
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    yes that the use with the decision on running of the less on support with the backup on resources with the trading plan those still to had with the chance as trader to improves of the better challenge to earns with the different arrange on exchanging expense on gaining with the good value as by the ends of the terms.

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