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Number of messages : 10
Points : 669
Date of Entry : 2016-03-21
Year : 33

Importance of mental training in Forex

on Tue Nov 14, 2017 1:15 pm
When people are trading in Forex, they lose a lot of money. Not all people are lucky and can get back their profit. If you look at the ratio of successful Forex traders in this vast market, you will be amazed. Only 5% of traders in Forex can make the profit in Forex world. If you are not among that 5 % of traders do not be sad, there are plenty of ways to make money. The most common reason that traders lose their money is they do not have the mental education or mental training for this market. They have come here prepared with strategy; they have come here with the trading mindset that they will not quit Forex if they are losing. What they lack in themselves in the mental training of Forex trading. We all know that traders loss in Forex. The impact of losing your money in your trades is not equal for all traders in Forex. Some traders take it calmly and some traders do not know what to do. They trade again to make their profit and they lose even more. These types of traders are very common in our Forex market.
This article will help you to explain why there are traders who are losing their money in Forex because of mental training. It is also our fault as we do not focus on mental training and only give all of our focus on learning the market structure. If you know what trading in Forex means, you can have a better understanding of the market. You can start making money when your mind is prepared to take any loss and any trades.
Emotion is the king
The Singaporean traders are very smart in controlling their emotion. In fact, many novice option traders in the options trading[/size] industry are doing excellent due to their strong control over their emotion. As a new trader, you need to mentally accept that losing trades are nothing but a part of your trading career. There is nothing you can do to avoid the losing trades in the financial industry. Those who are completely new to this online trading world should demo trade the market and adapt themselves to the nature of this market. This market is so volatile that if you don’t trade with proper money management then a single losing trades might blow your entire trading account.
But why it is not said anywhere?
The mind is the greatest weapon of humans. You do not know what your mind can do. A very famous said that “if you can think something in your mind, know that it is also possible in life”. This is very true in our lives. If you can think that you will be making the profit, you can do that. You only need your mind to believe that. It is not said in anywhere because it is an investment market. Nobody is going to come to you and tell you their secrets. If you want to learn something, you will have to spend money. If you have a good mindset of trading, you will be trading and make money. If you even have the loss, you will not have an impact on your trades. You know you can make money and you will make it. The only thing you need is mental training.
Take a break
Being a full-time trader you should never trade the market all day long or throughout the year. We are human beings and we need some refreshment to maintain a high level of efficiency. At times go out and take a break from your trading profession. Meet new people and go out for adventure. Forget about your trading career and live your life to the full during your short break. This small refreshment can significantly improve your trading performance and help you to achieve your goal.
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