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Time now: Jun 1, 12:00 AM

Losing attention

Trading needs patience and concentration. Despite the boredom that might sometimes accompany your constant analysis of the trends, you must never lose your focus on winning. Set realistic goals and stick to your plan if you want to earn from your investment
 
When tired eyes because a day view screen of the laptop, it will be going to lose focus.
 
Losing attention in forex trading is more like commiting suicide. I read a thread somewhere of a trader who unknowingly cancelled some agreement before the due time and the broker laid a penalty that s*cks. All that is because of a single mistake that can be avoided if you remain focused as you trade
 
Attention is very key in forex trading. One must endeavor not to lose attention at all costs because just a simple mistake and you can lose a trade that might even cost you all your life savings. That is why it is important to study trading psychology and avoid distractions during trading hours.
 
Hendadda, good observation. I have not seen too many posts in forum about how market is pricing one currency. You have mentioned something very important for all traders and that is that every news is immediately priced by market. It is major originator of volatility on the market
 
I must say that I was never feeling bored on this market. I spend time analysing charts and potential market moves, looking at economic calendar and trying to incorporate news releases into trading timing, or just investigating potential improvement to my strategy or testing new ones
 
Losing patience is one of the bad things that can happen to one trader. If you feel bored trading, then maybe it is time to take a break from trading and try to do anything else for some time. When you feel fit again, you can always come back to Forex and stay focused on your strategy and results
 
Loss of attention when trading can also occur due to overtrading, when a trader wants to be constantly in the market for the opportunity to earn more and faster. Therefore, it is better to make not very frequent trades, but more high-quality and reasonable ones. It is also important to stop in time and take a break.
 

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