i have seen traders around myself and many of them are always talken hey we need to control the emotions , we need to be a very discipline trader like this or that so does it means psychology is big issue for us or not !
i have seen traders around myself and many of them are always talken hey we need to control the emotions , we need to be a very discipline trader like this or that so does it means psychology is big issue for us or not !
True, psychology is a major issue that we must always control when trading forex. Even when we've become an expert trader, we still have to keep the psychology of trading to make a profit when trading well. Trading psychology is the controlling character that could affect trading activity, and we are advised to learn to control the psychology of trading since the beginning we learn this business.
One way to to solve big issue from psychology is to improving lots of money managements skill to our strategy that we used. Even if our strategy fails us today or tomorrow but our account is still on good condition if we use proper money management , we will avoid panic , doubt, emotion , anger until revenge thus protecting and managing our psychology from bad conditionOriginally Posted by martyn
these thing happen with every trader even with experts some time we take wrong design and ignores the risk due to emotion and this thing minimize our confidence. after making some profit this thing happen with me and i got loss than i realize that small but constant profit is better than taking big risks.
Psychology does indeed have a major role yo play as a forex trader, its very important that you have a good control over your emotions, meaning that you r mind has to be very tactical about your decisions and understanding on how the currency market behaves.
Yes it is true that Psychology is ab big issue.It is very important to control our feelings of greed and emotions if want to earn a huge amount of profit.If a trader fails to control his feelings of greed and he will might get a big loss in his business.If you want to become a successful trader you need to trade with confidence,cool mind and free from all emotions.
The main weapon to get success in Forex market is knowledge and that comes from brain not from Heart. SO always try to learn the basics which will help you to know where is the support and resistance level and will increase your confidence to create any position.
So never ever fall in emotional feeling ( either Greed or fear) both are dangerous for trader and main cause of big losses.
there is no doubt that psychology play an important role in forex trading and it is one of the main reasons that lead to loss ,because there are many traders take the wrong decision for trading and when they found that the market go against them they do not know how to manage this loss and so they may be faced with a big loss or loose their accounts
Psychology is a big issue for the traders who have nervous habits and they not focus on trading so first we prepare mently is we have invest money in forex and completely learn it or if we have any doubt in trading then first clear our every negative point about trading
Yes, You are absolutely right psychology is the big issue for any type of trading. In Forex trading we should check our emotion and this is very important for getting ultimate success from Forex. A man with emotion can hardly learned about Forex trading because Forex trading is not the place of emotion.
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