Forex Education Center/ Part 24 / FOREX FOR BEGINNERS COURSE / Lesson 5. Traders Psychology
Thank You For Your Support and For Honoring Me With Your Up Vote...
Welcome to the Forex for Beginners course.
As a reminder the course is aimed for complete beginners.
I tried to keep the lessons short and to the point giving out clear examples and videos where required.
Lesson 5. Traders Psychology:
Scalping, Intraday trading and end of day trading.
Which one suits your personality and lifestyle?
As we have seen we have three trading styles.
The question is which trading style suits you?
If you are just starting out, you will need to experiment with all three styles and see which of them suits your trading personality and life style.
If you have little time or no time to trade during the trading hours, end of day trading maybe for you.
You just check the charts after the market hours and place trades or adjust stop losses accordingly.
If you have time to watch the market during the busy trading sessions, you may need to experiment with scalping and intraday trading.
Scalping is more suited if you have an hour or two to spare and scalp the market during those hours.
As we said, you need to think quick and act quick.
Eventually everyone is different due to personality and lifestyle, so if you need to take Forex Seriously you will need to find your personality.
This is easy found by demo trading!
So what kind of trader are you?
Every comment, every upvote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
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wow... I upvoted you and it went from .05 to .77...lol...
I didn't realize I had so much power...
@pocketechange
good content thx for sharing ... upvote and follow ;)