What is the trading psychology for you?

Learning lessons would be easy only if you are ready to fill your mind with knowledge other than the thoughts of making money. Don’t set unrealistic trading expectations until you know what forex trading is and the risks involved with it.

Psychology trading has a high role to shaped traders to be consistent and disciplined, how to build up good psychology trading need more practice in the real trading account, step by step trader can start using micro account before using a standard account.

False hopes can never make you earn money; only hard work, discipline, and consistency can. Those who are ready to face the reality of trading will become profitable at some point in time, but those who are not ready to accept the reality will find it tough to trade forex.

Trading psychology really plays a major role in trading because if one does not have control over emotions then the trades will move with a weak mindset because of interference of your mood and the trader will not be able to get most out of his trades.

Oh trading psychology is like any psychology. lol.
As far as I'm concerned, there are no differences. There is a trigger = trading. And this trigger has its own specific reaction. Profit trading = trigger to relax, or rejoice, or even work harder. Loss trading = trigger to get angry, blame yourself or blame the world, find flaws and fix them.
So it is the same in trading as it is in life. How you react to any event in life is the same reaction in trading.

Trading indicators are useful; but I see which traders try to rely on only the indicator, end of the day they face a huge loss! Since, only trading indicators are not enough here!

Traders of different types have differences over indicators.RSI, moving average and Bollinger bands seem to be good indicators.

Those who are trading experts have market chart knowledge and they can predict the market’s movement by looking at the chart.

Trading psychology is like as lubricant in the machine, this is required to make healthy of machine can work properly. Good psychology will make trading more health

FXOday posted:
Trading psychology is like as lubricant in the machine, this is required to make healthy of machine can work properly. Good psychology will make trading more health

I agree. Trading psychology is as essential as market knowledge, experience, and skill in determining trading success. When we trade, our greatest enemy is our emotions. Only by learning to control your emotions will you be able to achieve success.

The purpose of trading psychology is to help traders develop a healthy and effective mindset for trading. This includes managing emotions, such as fear and greed, and maintaining discipline and focus. Having a strong trading psychology can help traders make more informed and rational decisions, improve their risk management strategies, and ultimately improve their overall performance.

Without knowing how to control emotions, one cannot reach success, and that is what the knowledge of trading psychology teaches anyone who wishes to trade.

La regla principal para mí es ser genial.