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Two important book about trading psychology

eddieteddie
Jun 01 at 09:30
13 Posts
Sarjohn posted:
If you are a new trader do not only focus on gaining knowledge and learning skills in fact also focus on trading psychology, this will help you to remain calm, positive and help to control your emotions. Of course these books will help you a lot so read these books also.

Agreed!
Books are a great source of gaining forex trading knowledge. The Disciplined Trader by Mark Douglas is one such book which trains you on good psychological control.

robindude
Jun 02 at 07:53
103 Posts
eddieteddie posted:
Sarjohn posted:
If you are a new trader do not only focus on gaining knowledge and learning skills in fact also focus on trading psychology, this will help you to remain calm, positive and help to control your emotions. Of course these books will help you a lot so read these books also.

Agreed!
Books are a great source of gaining forex trading knowledge. The Disciplined Trader by Mark Douglas is one such book which trains you on good psychological control.

I did read that one, it was actually good one.

Bulldog_M
Jul 08 at 12:00
16 Posts
Bela_fx posted:
Bulldog_M posted:
I agree, books can help you bring in that positivity you need for trading. Also, for me, yoga has been of help too. Anyone have any new recommendations for books on trading mindset?

The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading by Jared Martinez.

Will check that out, thanks for sharing.

AliaDare
Jul 25 at 02:12
575 Posts
It is possible to gain a lot of knowledge from books. And trading psychology is a very important issue. Consistent profit cannot be made without managing it.

AliaDare
Aug 03 at 11:30
575 Posts
FXOday posted:
Psychology has a high role in every trading decision, this is about how to control emotion because sometimes emotion like as enemy that appears from own selves, reading psychology book maybe help to build up better psychology, but actually will back to each trader personality, if trader cant improves their own selves will hard to make better psychology trading.

Trading requires proper psychology. It is not possible to survive in trading without proper psychology.

CatWalker
Aug 03 at 12:11
9 Posts
AliaDare posted:
FXOday posted:
Psychology has a high role in every trading decision, this is about how to control emotion because sometimes emotion like as enemy that appears from own selves, reading psychology book maybe help to build up better psychology, but actually will back to each trader personality, if trader cant improves their own selves will hard to make better psychology trading.

Trading requires proper psychology. It is not possible to survive in trading without proper psychology.


Really. Surely the way you feel is just related to how well your strategy is? If your strategy works then you feel good if not then you feel bad.

AliaDare
Aug 04 at 17:21
575 Posts
CatWalker posted:
AliaDare posted:
FXOday posted:
Psychology has a high role in every trading decision, this is about how to control emotion because sometimes emotion like as enemy that appears from own selves, reading psychology book maybe help to build up better psychology, but actually will back to each trader personality, if trader cant improves their own selves will hard to make better psychology trading.

Trading requires proper psychology. It is not possible to survive in trading without proper psychology.


Really. Surely the way you feel is just related to how well your strategy is? If your strategy works then you feel good if not then you feel bad.

I never trade with a negative mindset. There are losses in trading but I try to cover those losses with a positive mindset.

Faujinn
Aug 18 at 07:40
57 Posts
To achieve a result, there must always be a positive attitude and confidence in our actions, thus, we attract positive energy to ourselves.

RobSchiz
Aug 20 at 16:46
304 Posts
Faujinn posted:
To achieve a result, there must always be a positive attitude and confidence in our actions, thus, we attract positive energy to ourselves.

I completely agree with you.

Unellene
Sep 04 at 16:40
179 Posts
Faujinn posted:
To achieve a result, there must always be a positive attitude and confidence in our actions, thus, we attract positive energy to ourselves.

the right mood really influences every decision you make, and the decision already affects the profit

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