Psychology

The importance of psychology is overlooked when green flares in our eyes. If ever you just having a shiii day or you not at your peak. Close your laptop, switch off your PC and take time off. Come back tomorrow, then you would've gotten some ZZZZZZsssss and those would have reset your mind.

A trader should trade maintaining all trading guidance but this tendency is in a dwindling state in traders.

Traders are mostly rigid and stick to one type of trading. But they don’t know that there is no way to surviving in Forex without bringing flexibility in trading.

hi all. thanks for advice. i'm newbie and just learning how trade. what other thoughts you have about relax? about earnings?

Although it is frequently disregarded, the psychology of trading is an essential component of a professional trader's skill set. All of the emotions and feelings that a typical trader ll experience when trading are referred to as trading psychology, which is a broad term. While some of these emotions, such as fear, greed, nervousness, and anxiety, should be allowed to exist, others, such as anxiety, should not. Trading psychology is intricate and difficult to fully understand. In actuality, more traders encounter the drawbacks of trading psychology than the benefits. Examples of this include prematurely exiting losing trades as the fear of loss becomes overwhelming and doubling down on losing positions as the fear of realising a loss transforms into greed.

Good advice. Anytime trading stresses me out, I take a breather, whether that's for 5 minutes or until the next day. It's better than trading with all those emotions on your shoulders.

Traders should build a knack of understanding when to bring flexibility to their trading style and when holding is the best option. By maintaining discipline, they increase their chances of earning. Staying on track is necessary in the long run.