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We will need to make some Efforts so that our losses from trading get reduced.Forex is not stressful rather losses are. On the other hand, Forex becomes enjoyable when it gives high return. For getting high return, traders have to develop themselves but traders seldom do this. Wrong thoughts lead a person to make wrong decision.
Moreover if the stress is not managed properly it might lead to chronic anxiety. Traders should first learn stress management to avoid being anxious during tensed market conditions. This can reduce efficiency of understanding and making decisions.Yes, forex is very stressful especially when you are a beginner. Also, it becomes stressful to the traders who are suffering losses. In such cases, take a break from trading as during stress you might make wrong decisions. In the forex trading market you need to control your emotions and focus on the learning part. Don’t look out for faster results, go slow and take your time in learning, develop your own strategy and follow it consistently; only then can you be a successful forex trader.
I couldn't agree more, there is no venture in life that is stress free. What matters is how you react to the stress and how much you let it affect you.Stress is the part of trading as the risks are inevitable while trading. It is important that traders know how to react to the stress in the right way. Stress is a negative emotion which cripples your trading judgement.
Yes, but watch out because as good as it sounds it can also cause you pain using a very high leverage. Though my broker forexchief offer leverage up to 1:1000, I thread carefully when it comes to it's usage.In Fx trading , leverage is useful for trader , especially if trader start with small balance hence with leverage it will giving opportunity to making transaction on Fx market , now some broker offer high leverage until 1:1000 but so far I am only use leverage 1:400 as maximum.
agreed, and when your trades are fruitful it outweighs the stress. Good logic!I think non-profitable forex is stressful. When we work hard for beneficial trading but we are unable to minimize our losses, it affects our mental stability.
It is a known fact that doing our trades in the markets is not going to be easy for us.Yes,it can be stressful. If you are trapped in stress, It can lead to poor decisions and make you over-trade. You must have the discipline to follow your trading plan regardless of what is going on in the markets to avoid stress. That is true in the long term, however, in the short term it is ok to take some emotion into account. If a trade does not go your way or you are in the red for the day, you are allowed to get frustrated and emotional. You must remember that trading is not a get rich quick scheme. You must build your capital up over the long term, and trading on emotions will not help you reach your goals.
Right! Money management plays an important role in forex trading that helps in optimising the trades and using the trading fund judicially.Forex is really stressful if there is no money management , so make sure the ability how to manage money.