Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Latest topics
Social bookmarking

Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  

Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website

Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website


Trading Psychology in AmanTrader

View previous topic View next topic Go down

Trading Psychology in AmanTrader

Post by amantrader on Wed Jul 06, 2011 12:16 pm

Trading Psychology
Managing your emotions

[You must be registered and logged in to see this image.]

Quite often, the greatest opponent you have while trading is not the market but yourself. When trading, greed and fear often limits the potential returns from profiting trades and on the opposite side of the spectrum can result in greater losses than necessary or turn potentially profitable trades in to losing trades.

All traders (successful and unsuccessful) can attest to holding on to losing trades for far too long for no other reason than the “hope” that they become positive again. This is otherwise known as being too greedy.

Alternatively, the fear of taking profits too early or closing at a small loss when they can potentially be profitable is also another emotional response that needs to be adjusted. Good traders strictly follow a complete trading plan that incorporates money and risk management, entry, exit rules and do not let emotions influence their trading.

When do I move from demo to a live account?

The important move to using a live trading account rather than a demo trading account is a question that is often asked by many new traders. Most important is that you have a strategy in place, once you have become comfortable with a strategy or a few strategies that you have tried, you are encouraged to move to a live trading account.

As great as demo accounts and “play money” is for learning, all too often an emotional detachment is developed to the trading loses with play funds and you will never develop the keen senses to close out losing trades. It’s all too often that serial demo users lose their account balance and continue to deposit remarkable sized amounts of funds. In reality, $100,000 is very hard to replace for most people.

Once you feel you have a comfortable grasp of strategy, control over your emotional misgivings to trading, you can begin your live trading with read funds and expect real returns in profit.

AmanTrader | Managed Account | Managed Forex Account
[You must be registered and logged in to see this link.]

amantrader

Male
Number of posts : 2
Location : http://www.amantrader.com
Reputation : 1
Points : 6
Registration date : 2011-07-06

View user profile

Back to top Go down

Re: Trading Psychology in AmanTrader

Post by Jacq Stone on Tue Aug 09, 2011 4:08 am

Forex Trading has an element of mind games and profiting largely relies on your ability to handle the pressure psychologically... If you think that it's time for you to move on a live account from demo account, make sure you are ready to all the possible outcome of trading. Your success depends on your knowledge, strategies, ability to control your emotions , discipline and patience.



Please feel free to come and visit our FB page for more latest news and updates that will help you guys to improve your decision making.

http.www.facebook.com/pages/Ikofx/213186568697555



forex broker
avatar
Jacq Stone

Female
Number of posts : 86
Location : united states
Reputation : 1
Points : 212
Registration date : 2011-07-26

View user profile http://ikofx.com/

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum