asiaforexmentor Posted November 7, 2011 Share Posted November 7, 2011 Aggressive trading psychology in Forex Market Each forex currency pair has their specific behavior which differentiates itself from other currency pairs; similarly each trader have their own different trading style and strategies. In this article we are going to focus on aggressive traders and how they plan their trades. We will highlight the factors that traders who are looking to follow an aggressive trading style should understand. Being aggressive doesn’t mean using large stop loss or for that matter using no stop loss. Also it doesn’t mean entering many trades at a time and closing the ones that are in profit and let the ones that are in negative stay open, I will term that type of trading as reckless trading and this type of trading cannot produce profits. Now explaining what I mean by aggressive trading; for example when we consider retracements using fibonacci, the weaker levels generally lay around 25% to 35% while stronger levels are generally around 50% to 61.8% levels. What aggressive traders do is that they focus on both levels and conservative traders wait for their opportunities around the stronger levels. Aggressive forex traders can either choose to enter at both levels separately or sometimes can use strong trading levels to average out the first trade. Since the aggressive trading requires more number of entries therefore the margin required for trading also is reflected in the same manner and margin requirement is on the higher side. Similarly the risk and profit factor are on the higher side for aggressive trading as there are instances when there are multiple transactions open up and averaging each other. Another thing to remember, like all other factors, one should be very consistent in trading and should be following one consistent strategy. As the risk and reward factor is very high, generally only traders with large account size and reasonable experience indulge in such trading style. Although I do not recommend aggressive trading, traders who are into it should manage their risk % appropriately and accept the high risk, high reward mentality. If you think that is not for you, I would recommend you to trade like majority of the pros do – By picking only the best trades with price action confirmation. This way, although we trade lesser but we have a higher winning probability. Forex is a psychology game, choose your path, demo it first and if it works for you. Stick to it whole heartedly. Do not jump ship when a new INTERESTING strategy comes along and you will be back to square 1. However if your strategy is not working for you, find out the problem, tweak it and keep practicing it til you got it perfected. If you still have not found success in forex, check out our AFM winning Forex Course. It compromises of the whole system which traders need in order to trade successfully.See you on the other side! Asia Forex Mentor Ezekiel Chew Asia #1 Forex Mentor www.asiaforexmentor.com Quote Link to comment Share on other sites More sharing options...
mohammadbadr Posted November 13, 2011 Share Posted November 13, 2011 Conservative traders usually follow different strategies in trading than aggressive traders, i can consider myself as a conservative trader, i mean i use strict money management rules, and entry conditions, i also don;t wait too much for my losses to turn into profit, because i know the market is not behaving in my favor all the time, so i close my trades manually if i should do that, at the end i believe patience is very important in our field. Quote Link to comment Share on other sites More sharing options...
budado Posted November 20, 2011 Share Posted November 20, 2011 Conservative traders usually follow different strategies in trading than aggressive traders, i can consider myself as a conservative trader, i mean i use strict money management rules, and entry conditions, i also don;t wait too much for my losses to turn into profit, because i know the market is not behaving in my favor all the time, so i close my trades manually if i should do that, at the end i believe patience is very important in our field. Totally agree in here. But the bottom line in re is the indicator that you use and the time line and also the leverage your using.Because the lower your leverage the higher your tolerance level. And I think aggressive trading usually in the end loss more and earn less than the long term trader. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 Psychological impact in Forex more things that cause us all concern in the trading Therefore, I prefer to depend on focus of trading only Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 Being aggressive in the forex market will not bring profits but losses in the long run, Every new trader as well as old traders must realize this in order to succeed. A trader should at all times be satisfied with whatever the marets have to offer than to try to get more from iot. It is greed that often spurs aggressive trading which in most cases are reckless. Quote Link to comment Share on other sites More sharing options...
asiaforexmentor Posted November 9, 2012 Author Share Posted November 9, 2012 A complete professional forex trading system that even newbies can apply instantly. Asia Forex Mentor forex course is now FREE! Quote Link to comment Share on other sites More sharing options...
rexway Posted November 10, 2012 Share Posted November 10, 2012 Yes being agresive is not even good that is why I normally prefer that we should trade with a calm mind this will always make things more easy for us and make us be more confident in our self. Quote Link to comment Share on other sites More sharing options...
Stekin Posted April 29, 2014 Share Posted April 29, 2014 Aggressive trading will not help the trader to make profit from forex trading. I used to hear people when they say that they are trading aggressively but I'm sure this type of trading will lead the trader to start making mistakes. It is good for the trader to trade with calm mind in other to learn. Quote Link to comment Share on other sites More sharing options...
malik Posted July 2, 2014 Share Posted July 2, 2014 Intense trading will never help the trader to make take advantage of forex buying and selling. I accustomed to listen to individuals if they say that they're investing aggressively but I am sure this type of trading will guide the trader to begin producing problems. It is good for the trader to trade with serene mind in other to find out. Quote Link to comment Share on other sites More sharing options...
budado Posted July 6, 2014 Share Posted July 6, 2014 Theirs a time that we need to be aggressive and theirs a time that we need to be passive trader. If the market is moving volatile its better that we trade aggressively also. That's is if we know how to do analysis. Because we can really ride a big profit if the market is volatile. But if the market is trading sideways we must be careful. Because we really don't know the direction of the trend. Quote Link to comment Share on other sites More sharing options...
Decub Posted July 6, 2014 Share Posted July 6, 2014 Forex is best traded with a cool mind. It doesn't help trading in it aggressively because when a trader is an aggressive one, it means he is the type that will trade with a do or die approach. The best of Forex is seen when we trade with a well thought after analysis of the market. Understanding what it means to be a successful trader. Quote Link to comment Share on other sites More sharing options...
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