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

    1. #11
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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.
      I believe possessing sharp mind would not completely make forex traders to avoid mistakes but I think even in the face of mistake they are very fast to recognize them before anyone else sees it. Also sharp mind makes you to always find why anything happens and learn from such situations.
      Today's mistakes are stepping stones full of knowledge that can help us overcome the stumbling blocks of tomorrow's challenges.

      My Trading Journal


    2. #12
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      I think sharpness of mind is better for you in forex trading it is not a bad habit but i think with the sharpness of mind you have to be patience as well so trade in market with good open mind and make handsome profits...


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      I think all the successful traders must be having those sharp mind and this is one of the reason for their success and this might come with naturally plus you can also build one for yourslef with time and practice you can really build one handy mind for you which would be sharp mind really


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      Forex trading is one that needs been in the right state of mind as well as having a very sharp intelligence on the market, if we truly want to succeed we must learn what it takes to command results. Trading is not a get rich quick scheme so taking it easy and been consistent commands results.


    5. #15
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      sharpness and alertness of mind is most wanted and the traders need fresh and sound mind. the sound mental conditions of traders matters a lot so the traders must give proper attention to it beside other skills. because the trader has to be quick and smart because he needs to take decisions in a very short time.


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      Obviously, if the trader has the quality of fast decision making and will do it with high accuracy it can be handy and give good results at the time of trading. Moreover, for doing sharper your thinking about trading, you have to give your time to the trading on a demo account and develop with it.


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      Quote Originally Posted by Moneymadeeasy View Post
      I believe possessing sharp mind would not completely make forex traders to avoid mistakes but I think even in the face of mistake they are very fast to recognize them before anyone else sees it. Also sharp mind makes you to always find why anything happens and learn from such situations.
      The sharpness of the mind is helpful because it can help remember a trader of the past mistakes he or she has made in the past and how to avoid it. It also can help a trader avoid them taking too much risk that they should not take when trading and the sharpness of the mind could be achieved when the trader has developed good trading knowledge from the demo account.


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      Being sharp minded would help you to take your money off the table before market reverses against you and it is one of the qualities of a good trader. You should know when to close your trade even when you have not got your take profit target hit but you notice that market momentum is not strong enough to hit your take profit target. I think it is better for a trader to play smart with the market


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      If you are lazy on forex trade or think back after employing a trade , then you are done, you should be smart enough and be attentive with forex market, the speed of the market should be played back with equal response as it's like a tennis ball, other games have time to tally the move, but in tennis you have to retaliate the same force, it applies to forex too, speed and sharp minded people can do work with forex mostly in scalping this will be helpful , normal swing traders won't feel this risk.
      I am a Formula to be Followed Enjoy forex.


    10. #20
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      a good forex trader should have a sharp mind and a good thinking manner and if you have not learned forex well and improved your mental skills you will be out of date and this is very risky in this market as you have to be updated with all information about the market


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