What kind of psychological qualities do you need to have to speculate on foreign exchange online?

Mindset plus the execution of your own trading system.

When people around them panic, successful forex traders can keep their heads above water. If you're someone who barely sweats in stressful situations, the high-risk world of forex trading might be a good fit for you.

Know how to stop the loss of spring lead banquets.

A good trader knows when to leave and close a trading position. Not satisfied with the pursuit of deficits, they hoped for victory to eliminate a series of deficits. Nicklison is a good example.

His high-risk trading strategy made him popular with the Bank of Bahrain, but when the bank began to collapse, he continued to trade in hopes of recoup his losses. Only his recovery strategy was not very good, and in the process, he lost 100 million.

Risk appetite. Forex trading is not for the faint of heart. Exchange rates are always fluctuating, and because forex is a leveraged product, it is possible to lose much more than the original investment.

For this, you need to be risk-aware. If you can't afford any risk, try investing your money in bonds. If you're willing to take risks, don't make the mistake of trading without limits.

A good trader knows his limits and only takes calculated risks. If you don't, it's best to go to the nearest casino and throw money.

Willing to observe and learn.

Don't rush to start trading. Take your time and learn the tricks first. Open the simulation and see how it works.

You can also do accounts on the copy agency and pay attention to more experienced traders. Successful forex traders learn skills by observing how other, more experienced traders operate the market. You should do the same.

Attention to detail. Learn to love charting and analytical tools. When trading Forex, it's important to get the little things that kick the scum. Successful traders follow news, finance, and politics, and they always have an economic calendar. These are the tools you need to make forex trading successful.

1.Reduction**, many traders are overweighted, which often leads to their trading decisions being constrained so much that they lose money because they make the wrong trading strategy. So, keep it up to a ** that doesn't feel too heavy for you.

2.If you don't feel like you're up to the game yourself, you'd better find someone with expertise to help you. Of course, to get the guidance and help of professionals, I'm afraid you have to spend some money, there is no such thing as a free lunch.

3.Without a stop-loss, what happens below seems to be much simpler, as you will soon be caught in a deep trap or even forced out. But not all traders will set *** position, and if the set *** position is meaningless, it is also undesirable, which is equivalent to blindly throwing money into the water.

Therefore, please be sure to set a stop loss, a *** setting with operability.

4.The behavior of the market is unpredictable. Traders don't have to act on an expected movement, which only puts you at risk. If you have to take a risk, keep your risk within your control.

5.To a certain extent, we have to accept that losses are commonplace, but usually as we start winning, the previously established mentality of "accepting losses" starts to waver, and gradually, we start to panic. Be sure to break the pattern, though.

This is important and important to remember. No trading should come with a heavy mental baggage, and the more relaxed you are in thinking and making decisions, the less stress you will have.

6.If a person's mind is full of himself, he will not be able to tolerate other people's thoughts. This state of affairs is reflected in the fact that if a person is overconfident, even conceited, the person will no longer seriously study the market and will not conduct in-depth research on the symbols he holds.

My suggestion is that after you are familiar with the whole market and the macro level, you should also analyze things at a more micro level.