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Thread: How to improve our psychology control in trading?

  1. #1
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    How to improve our psychology control in trading?

    Expert traders need to control psychology in trading, but the question is how to train our psychology so we can trade not only following emotion. I think almost all traders have known the theory about psychology control but in reality, it is not easy to control it well especially when condition of market is different with our expectation as our first analysis. So what do you think about improving our psychology control? How to do it and how to know that our psychology has been improved? Feel free to express your opinion here.

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  2. #11
    Trader techboy's Avatar
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    Good knowledge, good approach can somehow give us a good start in controlling our emotions during trading, following a very good and specific strategy can some how make us a discipline trader, repeating psychological exercise over and over again can somehow help us control our emotion, there is a lot in youtube. It will be a long process before we can achieve psychological stability during trading.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    This can be a excellent query, to improve the actual mental manage from the investor merely way to boost the knowledge that you're dealing with mentally, what this means is the actual awareness associated with operating as well as self-discipline you've on the market. This really is in no way limited by the actual way of thinking the actual investor is actually dealing with.

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  4. #13
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    Quote Originally Posted by techboy View Post
    Good knowledge, good approach can somehow give us a good start in controlling our emotions during trading, following a very good and specific strategy can some how make us a discipline trader, repeating psychological exercise over and over again can somehow help us control our emotion, there is a lot in youtube. It will be a long process before we can achieve psychological stability during trading.
    A lot of knowledge is important in trading in order to get proper strategy which is same with our style of trading but it is important to implement what we have read and learned in theory into real trading so it's not enough to have good knowledge but we must support with with real trading to get more experience how to trade well in any different condition of market. Psychology control is important thing too so we can stick on the rule which we have made.

    Quote Originally Posted by gumara View Post
    This can be a excellent query, to improve the actual mental manage from the investor merely way to boost the knowledge that you're dealing with mentally, what this means is the actual awareness associated with operating as well as self-discipline you've on the market. This really is in no way limited by the actual way of thinking the actual investor is actually dealing with.
    I am a little bit disagree with you. A lot of knowledge won't impact automatically in our mental in trading because in reality is different with theory so knowledge only is not enough, you should trade personally to get experience by yourself. It is possible that you're understand in theory but it's hard to implement what you've learned in real trading.

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  5. #14
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    [lang=id]andry777,
    dear friend, i do agree if knowledge will not become a guarantee for them to control the mental and emotion automatically, it depends to them how to manage the business, and in facts, there were some traders who got losing was not caused by lack of knowledge, but was caused by bad emotion controlling,
    and at this part, they need to keep practicing and trading to get more experiences till realize for how to control it[/lang]

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  6. #15
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    everyone have their own ways to improve skill and also controlling emotion, because they will know their own ability, or if not, they have to spend the time for learning and find the solution for it,
    we knew that to develop the skill and emotion controlling is a must for traders who want to grow up to be an expert

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  7. #16
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    yes working with the demo plan should helps on earning of the better on confidence as trader to improves the way on the manage to arrange of the good spends on how to challenge of the best with the chance on survives with the entry by the market on targeting to complete of the good goals with the terms.

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  8. #17
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    Quote Originally Posted by samprazaan View Post
    [lang=id]andry777,
    dear friend, i do agree if knowledge will not become a guarantee for them to control the mental and emotion automatically, it depends to them how to manage the business, and in facts, there were some traders who got losing was not caused by lack of knowledge, but was caused by bad emotion controlling,
    and at this part, they need to keep practicing and trading to get more experiences till realize for how to control it[/lang]
    Yes, there are many traders who got losses because bad emotion control. We must realize if our final decision is affected with our psychology condition of trading so our emotion can give big impact the the result of trading. A lot of practices can help traders to be more confident with trading plan and then it's easier to stick on the planning. If we can be discipline with the planning then our emotion can be controlled well, that is the theory but in reality, it is not easy to make it happen.

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  9. #18
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    I think the best way to can control in our psychology is training and practice more and more in forex market,The more we practice is the more skills we can get and the more experience we can gain and the more experience we can get is the more self confidence we can gain and all that will lead us to have psychology control and will make very good profit,

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  10. #19
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    Quote Originally Posted by alaa_22 View Post
    I think the best way to can control in our psychology is training and practice more and more in forex market,The more we practice is the more skills we can get and the more experience we can gain and the more experience we can get is the more self confidence we can gain and all that will lead us to have psychology control and will make very good profit,
    Yes, doing a lot of practices can improve experience and increase skill of trading so traders can be more confidence in their own trading plan and strategy to use in making analysis. Keep update new information about knowledge of trading is important thing to get more strategy or update current system. It is important for traders to learn something new so we could gain more profit. Focusing on learning in one strategy will be better for trading.

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  11. #20
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    Indeed it is very much important for all the traders to control their emotions when they are trading in the forex market such that making good gains becomes possible for the traders. It takes high aspiration and strong determination to control the traders emotions while trading in the highly risky forex market such that one can be able to make sure that they can control their trading emotions.

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