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    Thread: Sharpness of mind is handy in trading (part 2)

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    1. #1
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      Default Sharpness of mind is handy in trading (part 2)

      Yrs you are absolutely right forex trade is a business that requires traders to be sharp minded whenever they are trading. And being sharp minded will surely benefit the trader because it will help him not to make improper mistakes and he will also not be losing important trades.


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      fastline01 (11-18-2017)

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      In the course of trading the online currency trading market business, no matter the fundamental or technical analysis trading method employed by a forex trader, the importance of such forex trader trading psychology cannot be negligible and overemphasized. Therefore, all forex traders who aspire to succeed profitably must first believe in himself outrightly.


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      i think traders should maintain some unexpressed rules and regulations.if a trader is enough drunk then he never ever sit for trading.and when you are mentally depressed you should not do trading on that time.you have to have mental sharpness and freshness for doing proper trading.you just recheck your everything before making any trade.


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      Yes I would agree with you completely on this. If you are sharp enough then you can take the right decisions in very short time and that makes you a quick responder which is indeed very helpful in developing your skills and making you a much better trader.


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      Quote Originally Posted by Onyedika1998 View Post
      Yrs you are absolutely right forex trade is a business that requires traders to be sharp minded whenever they are trading. And being sharp minded will surely benefit the trader because it will help him not to make improper mistakes and he will also not be losing important trades.
      Right. In this case, every trader should think sharply. Traders should realize that they need to implement all of their knowledge and skills in trading. It is important to do this because Forex is not an easy business. Only with knowledge and skills we can feel it is easy to make money.


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      Yes, a sharp mind will be able to control the trades more easily than a dull mind. The most profitable form of trading is scalping, and a sharp mind are usually more suited to this form of trading as they can easily enter and exit trade whether in profit or in loss.


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      In forex trading it is important for the traders that they have to analyze the market. Because analysis helps traders to understand the market trend. Market trends is important to know when they have to open trades. Analysis is not a easy task . For that , sharpness can helps traders to analysis the market.


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      sharp minded people really can play well with the news and this is where i really feel wonderful and I really feel technically good trader and and i wish i can really have a sharp mind so i can really be making some profit so mind is key for us in trading and this is where right to use your head


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      Forex is a kind of business where we need to have a proper knowledge and experience to do it with properly. We must have to be sharp which can help us to take the right decisions in right time and sharpness can help us to prepare that time.


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      Forex business is closely related to the mind and attitude. When your mind is always able to concentrate properly, then it will generate techniques and good trading system, whereas when we can always keep our best attitude to forex, it will give birth to a discipline.
      As we have good trading techniques and supported by the discipline of ourselves, then to become a trader professional, just waiting for the right time.


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