Most people becomes unrealistic about trading and that’s why they can’t maintain the profit earning flow.
Having realistic expectations is the greatest method to overcome trade psychology barriers. This entails accepting that markets are volatile and that there is no assurance of success. You may overcome any trade psychology hurdle and achieve your trading goals by focusing on the facts and maintaining a positive mindset.
Oct 18 2022 at 09:21
Both are not good; a balance of both must be maintained. Losses must be lesser than profits, but they must be there to learn something new. Overall, it is crucial to maintain both. We must be prepared for both profits and losses. With time, everything will get fine-tuned.
In my opinion losses are worse. Having losses back to back often results in disappointment.
Forex is such a business that allows you to trade even with a handful of dollars. Your first journey with forex should be with small trading capital because it will help you learn even if you lose.
Usually profit streak makes a new trader greedy and he risks more and looses the whole money which he made from profit streak.
Loss streak can make the trader believe that the strategy has failed and will not make any profit in future. So usually a trader throws away the strategy and searches for another strategy and usually this cycle continues for long time for few traders until and unless they realize that every strategy can have profit streak and loss streak as well.
So it is important to make proper trading decision during entry and exit of the forex market during profit streak or loss streak.
Loss streak can make the trader believe that the strategy has failed and will not make any profit in future. So usually a trader throws away the strategy and searches for another strategy and usually this cycle continues for long time for few traders until and unless they realize that every strategy can have profit streak and loss streak as well.
So it is important to make proper trading decision during entry and exit of the forex market during profit streak or loss streak.
Artificial General Intelligence
Dec 07 2022 at 09:28
It is dependent on the particular trader in question and the mindset he brings to the market. if he has a rational frame of mind. If this is the case, both possible outcomes will be positive.
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