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Forexpsychology

Demo vs Live TradingWhen most new traders finally switch over from demo to live trading, they usually believe that their demo trading results can easily be replicated on a live account. Because of this misconception, many are left frustrated and demoralised when they finally realise that this is far from the case. Here are a few reasons why: Real money and real emotions Demo is risk-free Chasing losses on a live account Cutting profits short We have discussed the main differences between demo and live trading, but will delve further into the psychological barriers when live trading and how to overcome them in a future post. Stay tuned! BluetonaFX
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by BluetonaFX
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Market Trading AffirmationsAn Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.” Trading Affirmations Are Very Important And Very Much Needed Whenever You Attempting To Trade The Markets • Pre-Trade Affirmation #1- I Am A Successful And Profitable Trader • Pre-Trade Affirmation #2- I Objectively Define My Edge Within The Market • Pre-Trade Affirmation #3- I Am Going To Spend My Time Wisely And Meaningfully • Pre-Trade Affirmation #4- I Am Positive And I Will Pour Happiness Into All That I Am Doing • Pre-Trade Affirmation #5- I Understand That Consistency Is More Important That Being Right • Pre-Trade Affirmation #6- I Will Constantly Reward Myself As The Market Makes Profit For Me • Pre-Trade Affirmation #7- I Am Patient And Let Trading Opportunities Present Themselves To Me • Pre-Trade Affirmation #8- I Love Myself Enough To Allow Me To Experience The Success Of Trading • Pre-Trade Affirmation #9- I Am Absolutely Clear About The Specific Results That I Want And Need In Trading • Pre-Trade Affirmation #10- I Make Money In The Markets And This Is An Affirmation Of My Self-Mastery – Self- Learning And Professionalism Pre-Trade Affirmations are very important. You would never want to start your day much less your Trading Day without your Pre-Trade Affirmations. They are very important and a very crucial part of your Trading. (You Should Always Read These Each And Every Day Before You Trade)
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by UnknownUnicorn33425005