coreyholmes Posted December 28, 2017 Report Share Posted December 28, 2017 Is it possible or impossible to think like a great trader when trading? If possible, whom can you take as an example? You should understand that changes happen when you are able to think like a great trader. There are many traders who have become successful just because they changed their perception of thinking. If you consider the traders in the United Kingdom they are a great example because most of them have become successful by changing their views on trading. They started to think like a great trader so they were also able to become successful at the end. If you consider the naïve traders they should make sure to consider changes in their way of thinking. If a naïve trader thinks like a great trader he or she will be able to achieve success. Basically, success depends on the way of thinking. If traders realize that he or she should change the way of thinking it is the very first step towards the Forex success. Forex is about probabilities so you should spend the time analyzing the market like a pro trader. You should be confident in whatever you do it is essential for a successful trading career. Let us read the rest of the article to get a better view. Positive attitude Positive attitude plays a great role in your trading success. Majority of the retail traders are losing money due to their negative sentiment. Once they face a losing trades, they become frustrated and try to overcome their loss. This eventually forces them to trade with big lot size. It’s true that at times they will often recover their loss but considering the long-term scenario, they are just losing the real discipline trading. Without learning the trade management skill it’s nearly impossible for you to make a profit on a regular basis. So make sure that you know about advance money management technique before you consider trading as your full-time profession. What if you consider the probabilities Well, there are many ways to trade the Forex market yet if you want to trade like a pro trader you should think like a pro trader. So, how to think like a pro trader? Well, it is not difficult you should simply focus on the probabilities in trading which is extremely important in controlling the emotions. If you are considering the probabilities it will enable you to consider the market edge and the ways to trade by controlling the emotions. You should trade each trade with complete attention i.e. you should not risk more than you can because if you do so it will end up huge losses. If you make sure to risk a limited amount you do not have to fret for few losing trades. Forex trading is not hard but the traders make it hard without considering the probabilities in the proper manner. What if you eliminate the risks Here, we will not describe the financial risk but emotional risk which is also a must to discuss. Actually, you can eliminate the financial risks by reading a few articles or books but emotional risks are quite risky. You should understand that in the Forex market anything can happen at any time so being overly-attached can cause you to fall mentally. The Forex market will offer unique chances when trading so you should be able to handle every situation with the biased mindset if not you cannot overcome or eliminate the risks meaning emotional risks. What if you observe more You would already know that Forex market is risky and impossible to predicate UNLESS you observe it well. You should make sure to observe the market very well if you do not want to face silly issues related to trading. As an example, there are traders who trade the market without studying the counter-trend which is completely wrong. So, make sure to become a great observer if you want to become a great trader. Quote Link to comment Share on other sites More sharing options...
Olivia Harper Posted December 28, 2017 Report Share Posted December 28, 2017 Actually there are no Bible for thinking like a great trader. First of all how could be one a great trader? By doing continuous successful trading trader can be a successful or you can say them a great trader. The trader in the forex market especially new traders are always try to follow the successful trader. Successful trader has some criteria. One can follow those criteria to become successful. Successful trader has positive thinking. They always try to find positive result even they get a loss. They believe in possibility. They don’t afraid to take risk. They are always keen to learn. I always try to follow this criteria and also my broker TopFX24 helps me a lot by their active customer support. Quote Link to comment Share on other sites More sharing options...
raniya Posted December 29, 2017 Report Share Posted December 29, 2017 I have spent a lot of time in the CFDs market and I have had disappointing experiences with most online platforms. Joining FXB Trading though was definitely the right decision. I find their technical analysis very useful. Thechart patternsgive me all the information I need for predicting the price movement of different currency pairs. By following the trends,it helps me to choose the right time to enter or exit a trade. Quote FXB Trading | FX & CFDs Broker Link to comment Share on other sites More sharing options...
Bill Lawry Posted December 29, 2017 Report Share Posted December 29, 2017 I do not consider myself as great trader but I certainly feel that I am successful trader who has spent almost 10 years by surviving positively in this competitive market. I think to be like me a trader should always enlarge his knowledge area and upgrade trading skill according to market situation. For doing that my broker AAFX helps me a lot. It always provides me new forex term and information which supports to update myself. Quote Link to comment Share on other sites More sharing options...
Natural Mess Posted December 30, 2017 Report Share Posted December 30, 2017 There are many traders online, you need to understand that if you wanna become successful and if you want to make some good money online, you should follow just one rule of success and that is practice persistently. Quote Link to comment Share on other sites More sharing options...
Cecil Marshall Posted December 30, 2017 Report Share Posted December 30, 2017 To think like a great trader you have to attain the skills of a great trader. Forex trading is a work of professional. You need specific knowledge and skills. It is not that you come and learn how to buy and sell and start making money. You have to spend time to learn it. In FXPM I still study their advanced educational resources to enhance my trading knowledge and skills. Quote Link to comment Share on other sites More sharing options...
Resolve Posted October 5, 2022 Report Share Posted October 5, 2022 I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping 🙂 Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
Resolve Posted November 21, 2022 Report Share Posted November 21, 2022 I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals 🙂 Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
Resolve Posted January 9, 2023 Report Share Posted January 9, 2023 I have been doing my Forex Trading with FXOpen Markets from the last 10 Years and they are very Reliable and Trustable International Forex Brokers 🙂 Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
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