FvGBABY

What type of market is this? #learnforex #chartanalysis #priceaction

1 year ago | [YT] | 1

FvGBABY

Finally, how do you think this will affect the #forex market #forextraders?

Trade safely, best advice is to wait after the news, after the storm comes out ultimate winning psychology coming with an FVG. That’s what we are waiting for.

1 year ago | [YT] | 1

FvGBABY

Russia wants to chaos in the USA according to Bloomberg

1 year ago | [YT] | 1

FvGBABY

Geopolitics will be at stake if Trump wins according to #bloomberg

1 year ago | [YT] | 1

FvGBABY

Dollar and btc will go bullish If trump wins #greenback #usd #btc

1 year ago | [YT] | 1

FvGBABY

Who do you think will win the #uselections2024 ?

1 year ago | [YT] | 1

FvGBABY

Let’s begin the week with winning psychology in forex trading.

1. Emotional Discipline

Rapid price movements can trigger strong emotions like fear and greed. Successful traders learn to manage our emotions, staying calm and rational even in high-pressure situations. This discipline helps us avoid impulsive decisions that could lead to unnecessary losses.

2. Patience and Timing

A winning psychology in forex trading involves understanding that not every moment is the right time to trade. Patience allows traders to wait for better setups/opportunities rather than forcing trades. Impatience can lead to “revenge trading” or “overtrading,” which in most cases results in losses. Mastering patience means sticking to a pre-defined strategy and only entering trades when specific criteria are met.

3. Acceptance of Losses

. Accepting losses allows us to focus on improving and fine-tuning our approach without being held back by the fear of future losses.

4. Consistency and Routine

Establishing a trading routine and following a structured plan is crucial. Consistency helps us to refine our strategies and adapt based on performance.

5. Confidence without Overconfidence

Confidence in strategy and ability is important, but overconfidence can lead to costly mistakes. We must be humble enough to recognize that the market is unpredictable and that we need to stick to whatever our strategy is without taking unnecessary risk.

6. Adaptability and Learning

A winning mindset involves continuous learning and adapting. The forex market is dynamic, and strategies that worked well in the past may need adjustments. We traders have to stay open-minded at all times, continually learning from both successes and failures, and refining our strategies as we gain more experience.

7. Risk Management Mindset

Risk management is the foundation of success in forex trading. Approach each trade with a focus on managing risk rather than maximizing profit, using tools like stop-loss orders. This mindset helps to remain in the game longer, increasing chances of long term success.

8. Staying Grounded and Avoiding Greed

The desire for quick profits can lead to poor decision-making, such as entering high-risk trades or ignoring risk management practices. A winning psychology involves staying grounded, focusing on realistic goals, and remembering that consistent, smaller profits over time can be more beneficial than aiming for quick, big wins.

9. Self-Control and Impulse Management

We often face the temptation to “chase” the market, especially after a losing trade or seeing a missed opportunity. Cultivating self-control means resisting the urge to act impulsively. Sticking to a trading plan requires resisting the emotional pull to “get back” at the market or to act out of frustration.

10. Positive but Realistic Outlook

Having a positive outlook on trading is helpful, as it keeps us motivated, but it should be balanced with realism. A positive attitude allows us to recover from setbacks and approach each new day with a fresh mindset. A realistic outlook helps keep expectations in check, reducing disappointment and maintaining a steady, focused approach.

11. Long-Term Focus

Focus on long-term growth rather than short-term gains. Sustainable success in forex trading is a marathon, not a sprint. Developing a winning psychology means learning to avoid getting distracted by daily fluctuations and keeping sight of larger goals.

In summary, a winning psychology in forex trading involves a balanced combination of discipline, patience, confidence, and adaptability. It requires not just technical skill but also emotional resilience and self-awareness. By nurturing these psychological strengths, we are better equipped to handle the ups and downs of the market and can build a long-term success.

1 year ago | [YT] | 2

FvGBABY

Slowly and steady reaching to the top of the pyramid of trading . ‪@Exness‬ #forextrader

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1 year ago | [YT] | 2

FvGBABY

Took 31 trades 25 profitable and 6 loss. Now, let’s talk about my winning psychology, all I want is to make sure I close my position in profit and to try as much as possible to cut my losses short even if I put a stop loss.

Trading is fun, mentally hectic and not easy. You have to be really adaptable emotionally because, 1 moment you are feeling this way and the next you’re feeling another thing. However, in all those feelings, there’s a fact about what the market is doing and you don’t want to be caught in your feelings.

Realistic take profits targets are what I deal with.
Yes I can hold a trade for long, but the market isn’t my birth right so I always take my profits at the closest targets. Whether is 1:1 , 1:2 or 1:3 I get, Alhamdullillah, rather than waiting for a 1:5 or 1:10 which I do get sometimes.

Now, look at my performance from last week, this has been on for a while but I just decided to post 21-25 October’s performance. Looking at my performance, already in my head I have a winning mentality which is what matters most. you see, that’s where I get my winning psychology strategy from.

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1 year ago | [YT] | 1

FvGBABY

What are or were your challenges in learning forex trading? Let’s discuss.

1 year ago | [YT] | 2