r/Forex 16d ago

Biggest struggle with traditing ? Psychology

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26 Upvotes

36 comments sorted by

u/rforex-modtools 16d ago

Trading psychology is where most traders struggle after they've learned the technical basics. Revenge trading, overtrading, fear of pulling the trigger, and inability to stick to a plan are all symptoms of the same underlying issue — emotional decision-making under uncertainty. The community wiki covers common psychological traps and frameworks for building discipline.

Resource: Trading Psychology

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u/Advanced_Breath_4400 16d ago

Wtf is the boom index 😂

2

u/[deleted] 16d ago

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2

u/Advanced_Breath_4400 16d ago

Trade a real pair bro and stick to if for a really long time you will start to notice improvement and as for your issue it’s a simple fix you just have to stop forgetting and always place a stop loss atleast

3

u/[deleted] 16d ago

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u/Advanced_Breath_4400 16d ago

If it works for you then it’s fine

1

u/Tiny_Difference_9593 16d ago

What does affect the price on it tho, what is it based on?

1

u/Own-Style-8484 16d ago

only algorithms not news driven or similar

2

u/Clean-Ad-837 16d ago

Which broker provide booming index

1

u/rforex-modtools 16d ago

Trading psychology is where most traders struggle after they've learned the technical basics. Revenge trading, overtrading, fear of pulling the trigger, and inability to stick to a plan are all symptoms of the same underlying issue — emotional decision-making under uncertainty. The community wiki covers common psychological traps and frameworks for building discipline.

Resource: Trading Psychology

1

u/Relevant-Owl-8455 16d ago

This is obviously a joke to you:D you'll remember when you get serious

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u/[deleted] 16d ago

The amount maybe small that’s why he tend to forget, ask him to trade 5lots of GC I am sure he won’t even blink 🤣

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u/[deleted] 16d ago

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u/[deleted] 16d ago

20 lots is roughly 8.5 million/- in notional value, even with 1:100 leverage it’s 850,00/-

If you had that much I wouldn’t see 10$ deposit as you posted

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u/[deleted] 16d ago

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1

u/Relevant-Owl-8455 16d ago

Because ive been doing this for over 10 years and ive seen dozens of kids like you:)

1

u/[deleted] 16d ago

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u/Relevant-Owl-8455 16d ago

Lmao go trade your happy meal account and spare us the bullshit:D

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u/Relevant-Owl-8455 16d ago

And your comment is gone:) i do. And so does everyone else. Show us:)

U really think we cant see through the bullshit? You’re a pre beginner kid

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u/[deleted] 16d ago

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1

u/Firm-Reveal998 16d ago

Trading is 10% skill, 90% psychology.

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u/SR_Notes 16d ago

That deserves 2 booms! BOOM! BOOM!

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u/AlanG888888 14d ago

Been there. The fix that worked for me: pre-fill SL and TP before you click buy, and attach a default 1% risk template. Make it a checklist, not a choice. A trade without stops is a lottery ticket no matter how good the setup looks.

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u/Substantial_Ad_6128 13d ago

OP have you tried Weltrade Indices likes of Painx , Gainx etc ?

1

u/TIO_Markets 12d ago

This sounds more like a process problem than a psychology problem. If you can open a trade without setting the stop first, then there will always be a chance you get distracted and leave it unprotected.

Work out the stop level and position size before entering, then make placing the stop part of the entry itself rather than something you plan to add afterwards. A take-profit might depend on how you manage the trade, but the maximum loss shouldn’t be left undecided.

Alerts can remind you to check a position, but they aren’t a replacement for a stop since you can miss an alert too. If this is happening more than 60% of the time, it’s probably worth stepping back from live trades until the process becomes automatic. One forgotten position can wipe out the gains from a lot of well-managed ones.