photo

Forex Community Place

Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 2 of 8 FirstFirst 1 2 3 4 7 ... LastLast
    Results 11 to 20 of 72

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

    1. #11
      It's time to retire!
      I am:
      Cheerful
       
      Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy has a reputation beyond repute Moneymadeeasy's Avatar
      Posts
      14,925
      Accumulated bonus
      3605 USD (What is this?)
      caught pokemons
      31 (What is this?)
      Thanks
      296
      Thanked 2,400 Times in 942 Posts

      Default

      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
      Banned
      I am:
      Amused
       
      sami27 is on a distinguished road sami27's Avatar
      Posts
      3,927
      Accumulated bonus
      745 USD (What is this?)
      Thanks
      10
      Thanked 43 Times in 33 Posts

      Default

      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...


    3. #13
      Banned
      I am:
      Bored
       
      bestwinner is on a distinguished road bestwinner's Avatar
      Posts
      3,927
      Accumulated bonus
      794 USD (What is this?)
      Thanks
      1
      Thanked 40 Times in 38 Posts

      Default

      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


    4. #14
      It's time to retire!
      I am:
      ----
       
      ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac has a brilliant future ehizmac's Avatar
      Posts
      11,127
      Accumulated bonus
      3573 USD (What is this?)
      Thanks
      569
      Thanked 1,662 Times in 779 Posts

      Default

      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
      Banned
      I am:
      Inspired
       
      Sidraa will become famous soon enough Sidraa will become famous soon enough Sidraa's Avatar
      Posts
      7,148
      Accumulated bonus
      1440 USD (What is this?)
      Thanks
      79
      Thanked 140 Times in 124 Posts

      Default

      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.


    6. #16
      Forum Master
      I am:
      Happy
       
      masterfox will become famous soon enough masterfox's Avatar
      Posts
      7,108
      Accumulated bonus
      1429 USD (What is this?)
      Thanks
      2
      Thanked 64 Times in 55 Posts

      Default

      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.


    7. #17
      It's time to retire!
      I am:
      Busy
       
      D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind has much to be proud of D'mastermind's Avatar
      Posts
      11,101
      Accumulated bonus
      2732 USD (What is this?)
      caught pokemons
      4 (What is this?)
      Thanks
      1,032
      Thanked 1,266 Times in 405 Posts

      Default

      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.


    8. #18
      It's time to retire!
      I am:
      Fine
       
      mercyforex is a jewel in the rough mercyforex is a jewel in the rough mercyforex is a jewel in the rough mercyforex's Avatar
      Posts
      16,631
      Accumulated bonus
      4498 USD (What is this?)
      caught pokemons
      6 (What is this?)
      Thanks
      68
      Thanked 302 Times in 255 Posts

      Default

      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


    9. #19
      MT5 Resident
      I am:
      Fine
       
      dawnchera will become famous soon enough dawnchera's Avatar
      Posts
      6,409
      Accumulated bonus
      1421 USD (What is this?)
      Thanks
      24
      Thanked 75 Times in 65 Posts

      Default

      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
      Forum VIP
      I am:
      Lonely
       
      The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End has a reputation beyond repute The End's Avatar
      Posts
      9,611
      Accumulated bonus
      2656 USD (What is this?)
      caught pokemons
      2 (What is this?)
      Thanks
      1,751
      Thanked 3,592 Times in 694 Posts

      Default

      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


    Reply to Thread
    Page 2 of 8 FirstFirst 1 2 3 4 7 ... LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts