What Discourages Forex Traders?

MT5
2021-June-10

The forex market provides a lucrative opportunity for traders to earn money. Learning and understanding how forex trading works can significantly improve your chance of being successful on the market. However, trading will always come with risks. This article will help you understand some of the things that discourage other forex traders from trading, so you can better prepare yourself for the forex market. Forex Scams Increased interest in forex…

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Understanding Trading Psychology

Risk Management in Forex
2021-April-23

Trading psychology looks at how a trader’s emotions, discipline, and mindset affect their trading decisions. Knowledge, skills, experience, and strategy contribute to a trader’s success on the market. However, trading psychology is what determines how well a trader applies their knowledge and strategy when trading. In trading psychology, the most common emotions that influence trading mistakes are fear, greed, and revenge. It is, therefore, important to understand and control these…

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