[Question] It seems that when doing FX, most of the thoughts aren’t really necessary, but does it matter that much? [Answer]
A Community with Questions ↓
Organizing the mindset toward FX and thoughts on investing
【Questioner】
When it comes to forex trading, the mindset may not be very necessary,
is that so related?
【Answer】
Yes, it is
In other words, when you take a position in the market
I think the mental aspect inevitably plays a role somewhere
That is
for contrarian strategies, in trending markets
for trend-following strategies, in range-bound markets
the mindset becomes inevitably important
Therefore, as a countermeasure
if you have a plan, you can strengthen your mental fortitude
and protect your market profits
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