Thread: Forex is a business of cool minded

Originally Posted by Stephen Stills

I am not exactly going to call Forex a business of cool minds but it must be sensible minds and also we need to have some business sense, as ultimately that is what is going to matter the most, no matter what we do if we don’t have common sense we will end up making silly mistakes. The best way to increase common sense is by regularly participating in contest especially ones like cTrader and Champion demo contest with OctaFX broker. My favorite contest is Champion since it is a longer contest so I am able to judge my ability and if I am able to survive the whole even without winning I consider that as a reward while winning gives 300 USD for top position.

I think, to improve trading skills, although we do not take part in any demo contest, we still be able to maximize demo account. In TenkoFx, i just use demo account too. It's helpful enough to make me get more trading experience. TenkoFx AutoTrade with MyFXBook

Yeah Absolutely, You need to the Forex Market with a completely cool mind and then you need to make a strong trading plan so that you can follow that trading plan with complete confidence and for that you need a complete cool mind.

yes in the beginning we are in a hurry to make money and end up making wrong decisions but if could have a bit of patience then it will be really helpful not only in the beginning of the trading career but also in the later stages.

Most of the traders will get affected by the rush in the market and they can lose their emotions in the market which can affect their trading plan and will make negative impact on the profits, so you need to be as cool as possible in the market.

In forex, during trading it’s required to trade forex with cool mind. If you want make profit with forex so it’s required to control own emotions as well that’s key of earn more profile. I chose forex trading because this gives flexibility so much time and too many choices regulation of brokers that will be used. I choose a broker with FCA regulation because I concerned with the security of funds that I use. I now trading at ExoFX regulated by FCA

A cool ind person is successful in forex trading because patience and passion is required to get good results from trading. A cool mind person do all decisions realistically he is not influenced by emotions that harm our capital. He thinks logically and find effective was of trading.

If you can't control your emotions in the Market then it is very much possibility that you cam loose a lot of money in the Market and can't get success, so the best thing is that to be as cool as possible.

There is no two wording in this, as Forex is indeed the business of cool mind and even if for a moment we believe that we can succeed without staying calm then it’s just wastage of time and we will never be able to succeed without this. I trade with Nova FX broker and they have taught me the real meaning of business, it has perfect education system where one can learn everything in a complete detail manner and achieve success.

to be successful in forex then we need to make decisions in a cold mind because doing so will allow us to trade with the maximum. we know that the market is always moving with uncertain so if we want our decision right then we could try trading with a cold mind

Yeah, Forex is definitely a business of Cool minded indivduals and you need to have cool mind for the success in the Market. also you need a good broker like FBS Markets with you.