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?

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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
Samer

Below you can find the list with all the posts of Forex Education Center:

 

Part 01 / Live Vs. Demo Trading Accounts

Part 02 / Slippage

Part 03 / ECN Market

Part 04 / What Makes a Successful Price ActionTrader 

Part 05 / The Manual of the Forex Art of War

Part 06 / The Don’ts when you Compare Forex Brokers

Part 07 / What is behind Currency Pair Trading

Part 08 / Banks: Beacons of Fraud

Part 09 / Win With CFD’s

Part 10 / Fight and Win the Bulls and Bears

Part 11 / How to Spot a Forex Trading Fraud

Part 12 /  Become a Master with News Trading

Part 13 / The Forex Risk Management State of Mind

Part 14 / Top 10 Forex Trading Tips for Beginners – The Road to Success

Part 15 / Trader’s Strategy Checklist

Part 16 / E Currency Trading

Part 17 / E CURRENCY TRADING MAP

Part 18 / FOREX TRADING TUTORIALS

Part 19 / FOREX TRADING COURSES

Part 20 / FOREX FOR BEGINNERS COURSE / Lesson 1. Trading Currency Pairs

Part 21 / FOREX FOR BEGINNERS COURSE / Lesson 2. What is scalping

Part 22 / FOREX FOR BEGINNERS COURSE / Lesson 3. Intra Day Trading

Part 23 / FOREX FOR BEGINNERS COURSE / Lesson 4. End of Day Trading

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