When Should I Be A Brave Trader?

[ali555]

I have a experience that I am getting profits with consistency then I use low lot and trade with fear, so that to continue this profit position. But when face a single loss , I become greed and brave to use high lot to take a revenge from market and cover my loss as soon as possible. At that time mind does not accept any analysis or other advice. Finally more and more losses in a row. For example If I have earn 20$ with 20 traders then I will lose it with a single trade.

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[diana yes]

When I loss something I should be brave then.

[rrayne2009]

That is a point where trading psychology comes in.A trader reacts differently after a loss.He may get angry and wants a revenge trade or fear that his strategy isn't working so he may again lose.In my opinion,a trader must know how to take a loss.He must study and analyze his strategy and device a solution how to enter,manage and exit a trade on a sound logic(he must think hard)rather depending on emotions.

[oliver1007]

so how do you avoid loss and avoid risk?

[Noah Jackson]

Trading psychology is a matter in Forex market. Because all of us are human beings. And as a human being we all feel angry after a loss or after achieving a profit we feel emotional. Even we feel fear to lose money after another trade. I am trading with FXdirects where I get a strong training to learn how to control all my – fear, emotion, anger and others in order to overcome all these weaknesses.

[uncle gober]

Existing psychological conditions must be able to be considered properly, this is needed so that traders can get better and be more maximal in carrying out trading activities that are in accordance with what is expected with Tickmill.

[Brendan Hill]

There is nothing called surely success in the business of forex. But a foreign currency exchange trader must try to work with effective trading strategies which will consequently allow him to work within his abilities. There is a term risk bearing which means that a trader should not invest in such amount which will completely wipe out his trading position if he faces losses. Thereby be aware of your limit.

 

[broforex51]

I have the best experience with FreshForex, FreshForex allow me to do scalping without limitation, even I can use hedging strategy. Spread as low as 0, it is perfect to do scalping. It is good and there is no hidden terms. I am very very satisfied with FreshForex.

[Sininfinity]

Never. Be a smart trader. Know how to take profit out of the market because that's the reason you are here.

[uncle gober]

don't forget to be able to have a trading plan that is in accordance with passion trader trading, this is needed so that traders can be more leverage in running trading and planning to become a trader of the month at Tickmill.