Psychology
Aug 02, 2022 at 12:25
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Mitglied seit Apr 14, 2022
34 Posts
Aug 04, 2022 at 07:43
Eloise posted:True and to add on I would say that keeping a check on your mental health is very important if you want to survive in forex market.
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Aug 04, 2022 at 08:06
Adrian78 posted:Yes, I completely agree with you.
Trading psychology is complex and challenging to fully comprehend. The two human emotions that underlie this worldview, fear and greed, must be controlled in order to engage in effective trading.
Mitglied seit Jul 06, 2022
24 Posts
Aug 04, 2022 at 13:33
Of course, it is very important to study the psychology of trading in order to become a successful trader. Understanding how you feel about trading can be just as important as working on your skills in the stock market. Nothing can destroy your trades faster than emotions. Fear, greed, hope, regret - they can all hurt your trading.
Mitglied seit Aug 08, 2022
1 Posts
Aug 08, 2022 at 12:27
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Aug 09, 2022 at 11:06
Trading psychology is a concept that needs to be understood by all of us if we want to attain long term success in forex. Emotional trading can be very dangerous and it often stops us from following our actual trading plan and attaining our goals as a forex trader. I would say emotional intelligence is something that needs to be developed for one to become a successful forex trader.
Aug 09, 2022 at 11:29
As a trader, focusing on trading psychology is a must. Without considering trading psychology, a trader fails miserably in the financial markets. Maintaining emotions, patience, and using the right emotions at the right time is crucial.
Mitglied seit May 05, 2022
20 Posts
Aug 15, 2022 at 03:18
Trading is complex and requires a lot of patience to act. Don't make rash decisions and try not to be so emotional about your trades.
Mitglied seit Jul 03, 2016
12 Posts
Aug 15, 2022 at 13:04
If someone has psychological problems in trading, he should focus on automatic or at least semi-automatic solutions.
Emotions are not a good advisor.
Emotions are not a good advisor.
Miracles happen everyday. Goodness returns.
Aug 20, 2022 at 04:56
Traders that have better control over their feelings and emotions tend to make more logical decisions as compared to those who follow their feelings. A proper strategy and analyses of the market before implementing anything help the traders to control their emotions.
Mitglied seit Aug 17, 2022
80 Posts
Sep 08, 2022 at 11:41
We should understand some facts in early stages of trading that if we let our emotions control our reflex actions then it would bring no good results and trades will not obviously perform better. Our actions should only be driven by logical decisions and knowledge we hold, if there is any emotional imbalance due to lack of control then it can seriously reflect in your trades.
Sep 16, 2022 at 00:57
Psychology has high role in trading, no doubt poor control of emotion often causes bad trading, when you face successive losses, out of control emotion can leading you to making bad decision with high desired to recover loss at short time, this is wrong mindset, we need to keep discipline works risk management.
Mitglied seit May 19, 2022
5 Posts
Sep 26, 2022 at 09:59
Lionkingdom posted:lucky is the word for gamblers
Trading is a complex of skills, psychology and luck. Some time it's more psychological depended, some time it's just lucky profit and some time it's kit of skills. It's hard to determine what is the main one. But I know that if you lost any of this points, you will bow accounts.
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