Forex Trading Psychology

Forex Trading Psychology
Forex Trading Psychology - It is normal that as humans we want to instantly get back what you just lost. But in the world of forex trading, it is very dangerous. Open positions, loss, and then open it again, it could be would backfire, where instead of getting back the lost capital, even more fall and suffered greater losses.

Patience is the key here, where we should be able to control your emotions, stay calm, and wait for when to enter the market again. Later will come the time for us to do Regain or regain our lost capital. Remember, that in trading, discipline is very important. How do we formulate a strategy and then implement these strategies in our trading. Often, due to loss, let alone several times experienced loss streak, we are a "hot", steeped in emotion, so discipline was no longer considered.

Therefore, our mental as traders also need to be trained, if it was used, then by itself patience will remain intact, and the impact we can remain calm and disciplined despite loss. Perhaps the best way, after a loss, leave your screen for a moment, refreshing, and then re-analyze or wait for tomorrow. It should also be underlined, 2 or 3 times a loss does not mean we're wrong strategy, may have been the condition of the market is not in accordance with the strategy adopted. So, lets wait for a while.

Trader veteran was certainly not happy with the name of loss, only experience and maturity make them know and keep looking forward to the next moment. They did not let himself be pushed around by the market. Thus, we can conclude that we should throw away such thing as anger, let alone the name revenge. Because this one will lead us to a feeling of "Oh, loss yes, okay I prove if I can profit" and if less lucky, it could double our losses, which could have been avoided if we are patient.

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Teh Pekat Updated at: 17:43

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