My Life So Far

Friday, January 30, 2015

Too Much Screen Time Can Harm You In Forex Trading


What???

You read the title right.

Too Much screen time can harm you in Forex trading.


Isn't it better for forex traders to be able to monitor the charts 24/7?

Nope.

Why?

Here is why: STRESS





By looking at the charts for longer period of time, you actually increase the stress of trading.

This is due to the fact that we humans will be affected and react in the heat of the moment.

When there is a lot of movement in the market, we tend to feel that we might miss out on something that is 'going to' happen.

This happened to me a lot when I was trading the lower time frame.

Emotions will take over and we will execute a trade even when the criteria of the market do not meet our entry rules 100%.


With technology nowadays, we can even check the charts from our mobile devices which to me, is really useful in order to monitor the situations of my trades but it is not a good option for traders who are looking to enter the market.


No matter what, do not over monitor the charts!!!

 Do something else with the time that you have.

Go for a swim, go for a jog or anything to keep your occupied.

Set a trading schedule and stick with it 100%....


This way, you will be able to avoid the stress that comes with watching the charts for a long period of time.


Yours sincerely,




 Check Out my other posts here- My Justinnation

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