Aggressiveness in anything is bad. Aggressive trading will lead to impatience and undiscipline which will result in loss.

Good article.

Sometimes, aggressiveness is needed. Being aggressive doesnt mean recklessness but it can be used to out advantage. In my opinion aggressiveness means trying to grab most opportunities from forex market irrespective of small or big.

Originally posted by Jogi

Sometimes, aggressiveness is needed. Being aggressive doesnt mean recklessness but it can be used to out advantage. In my opinion aggressiveness means trying to grab most opportunities from forex market irrespective of small or big.

Asiaforexmentor is talkinga bout something else. Taking opportunities is something else and trying to grab everything is something else. Aggressive trading means excessive risk. Excessive risk is never good.

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.

Originally posted by Champ

 

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.

I like this paragraph. It is very difficult to stick to a plan especially for beginners. Traders start to panic if there is a loss. They try to find something new and leave their old strategy instead of tweaking it.

That is why demo account is always suggested for newbies. It is bcoz they can make a good strategy without loosing any money. they can test it freely in all market conditions, tweak it and make it better.

There is a contradiction between "Agressive trading psychology" and "Winning probability".  Agressive trading psychology says that traders should consider even weak opportunities. Winning probability concept says that traders should only trade where probability of success is more than 60%.

Originally posted by Jogi

There is a contradiction between "Agressive trading psychology" and "Winning probability".  Agressive trading psychology says that traders should consider even weak opportunities. Winning probability concept says that traders should only trade where probability of success is more than 60%.

I look at it in another way. Agressive trading psychology means to enter trades with winning probability of 50% and sometimes even 40%. 40% maybe too risky but sometimes when market is moving in ur favor and u feel urself lucky, you may want to grab small opportunities too. So there is no contradiction as both of these concepts are not about reckless trading.

Originally posted by Champ

 

Originally posted by Jogi

 

There is a contradiction between "Agressive trading psychology" and "Winning probability".  Agressive trading psychology says that traders should consider even weak opportunities. Winning probability concept says that traders should only trade where probability of success is more than 60%.

 

 

I look at it in another way. Agressive trading psychology means to enter trades with winning probability of 50% and sometimes even 40%. 40% maybe too risky but sometimes when market is moving in ur favor and u feel urself lucky, you may want to grab small opportunities too. So there is no contradiction as both of these concepts are not about reckless trading.

 

Good point..

It is a nice article.

Has any one tried asiaforexmentor website for coaching purpose? Its article writing concepts r good. But I want to know about their technical trading skills.