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Thread: Trading psychology

  1. #1
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    Default Trading psychology

    Forex trading is a kind of work requiring analytical skills, self-control, patience, quick reaction, and risk appetite. It is for those who have a clue about psychology.

    Success or failure on Forex greatly depends on the personal qualities of a trader. Even if you have switched to the automated trading, you will not avoid emotional pressure at making a trading decision. Often Forex traders think that the less emotions they have, the more successful their trading will be, as emotions prevent traders from making correct decision. Nervousness, fear to lose money, hope, faith in luck, regret, pleasure, disappointment, and joy all these emotions inevitably accompany trading. Do you think traders should control their emotions? What about Aha! factor and intuition?

    There are several methods of controlling emotions. The first one is to change the object of emotions. As a rule, this method gives great results. Change your attitude to the situation and the way of thinking. You can think of a loss, but better of a profit.

    The second way is to reconsider your views. Once you change your views, you will be able to change your emotions. All the views we acquire over the years serve as filters coloring all the information we get. These views have a great impact on our interpretation of events.

    The third way is to change emotions with the help of the body. Varying facial expression, position, turning to diaphragm breathing, changing the tone, tune, and pace of speech all this, by the biofeedback principle, leads to shifts in the physiological and, consequently, emotional state of a trader. Even a simple physiological procedure can be an effective tool for changing emotional state and controlling it. Handle your emotions, and it will make you successful.

    Concentration is one of the most important components of our emotional and mental state, as an object on which you focus your attention while trading on Forex becomes real and helps understand the situation. Everything influences the analysis of the situation, interpretation of events, and emotions, which, in their turn, affect the decision.

    A very important thing is to manage priorities correctly. Do you think of a loss? Do you expect the profit? Please remember that trading is an attempt to keep the balance between the extreme points. A trader has to focus on possible loss as well as on possible profit and try to keep balance between them. A trader should always work on his strategy perfecting it and constantly analyzing the information from the market.

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    psychology is important in forex trading. to have a good psychology then we were able to trade with maximal, for that try to trade using small capital like $ 10 in tenkofx to train a good trading psychology

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    Trading psychology is the important thing in forex trading. Without good trading psychology, trader will not survive in forex. That's why as a trader, we must try to maximize our trading skills and also trading psychology. It has important role in forex trading

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    the most important thing in forex trading is trading psychology. Forex is a business that has a high risk, to be successful in forex then we not only need to have a good trading skills but we also need to have a good trading psychology as well so will be a maximum trading results. We can increase trading psychology to try to trade using small capital of $ 1

  5. #5

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    Quote Originally Posted by Lucien View Post
    Trading psychology is the important thing in forex trading. Without good trading psychology, trader will not survive in forex. That's why as a trader, we must try to maximize our trading skills and also trading psychology. It has important role in forex trading
    yes it is risky but you have to be in right positive frame to trade, your earning depends a lot on the knowledge you have earned.

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    In forex trading, the psychology is important because by having a good psychology will allow us to trade with the maximum. to train the psychology of trading then we can try trading with small capital used to be like $ 1. That way we will succeed in this business

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    There is a good encyclopedia and “Terms and definition” section on Fresh web-site. You can learn about terms and formulas of Forex market.

  8. #8

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    Quote Originally Posted by gabanda View Post
    In forex trading, the psychology is important because by having a good psychology will allow us to trade with the maximum. to train the psychology of trading then we can try trading with small capital used to be like $ 1. That way we will succeed in this business
    Yes if you are in a good psychological state then you will always be very enthusiastic in learning about market and learning new skillls.

  9. #9
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    Quote Originally Posted by vic84 View Post
    Yes if you are in a good psychological state then you will always be very enthusiastic in learning about market and learning new skillls.
    yes, therefore we need to master a good trading psychology. with good psychology will allow us to maximize the trading capital well, that is why we need to continue to hone the psychology of trading well

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    Investors want to apprehend what fear is - clearly a natural reaction to what they perceive as a chance (in this situation perhaps to their earnings or cash-making capability). Quantifying the fear may assist. Or that they'll be capable of better cope with fear by way of pondering what they may be afraid of, and why they're afraid of it.

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