Psychology

[Kazumu Fukunaga]

Yes emotion and past memories can interfere in our trading decision. We should be careful about this. And trade on the basis of facts available.

 

[lotcamel]

Psychology is very important in trading. Many traders can't make a profit even if they know a good strategy just because they don't maintain psychology.

That’s right! This is so because our emotions impact our trading decisions. Traders should never ignore emotions in trading. Be it greed, fear, or anxiety. There are solutions available to overcome them. All traders should start slow and build confidence and focus on minimising loss.

 

[emerald]

Controlling your emotions and becoming more disciplined are one of the few psychology that one should try to achieve for.

 

[Cooper Truebridge]

That’s right! This is so because our emotions impact our trading decisions. Traders should never ignore emotions in trading. Be it greed, fear, or anxiety. There are solutions available to overcome them. All traders should start slow and build confidence and focus on minimising loss.

Greed, fear, and anger are considered negative emotions in trading. In fact, these negative emotions act as a barrier to success in trading.

 

[Kazumu Fukunaga]

Greed, fear, and anger are considered negative emotions in trading. In fact, these negative emotions act as a barrier to success in trading.

Yes fear makes us restless. Fear can make it difficult to think clearly. We either open or close unnecessary trades.

 

[Cooper Truebridge]

Yes fear makes us restless. Fear can make it difficult to think clearly. We either open or close unnecessary trades.

It is never possible to trade out of fear. It has a high percentage of loss.

 

[Evagation]

Yes fear makes us restless. Fear can make it difficult to think clearly. We either open or close unnecessary trades.

Fear is that emotional factor that affects our trading decisions. It makes you anxious resulting in making a wrong trading decision or sometimes it doesn’t let you take any decision even when there’s a clear signal.

 

[Gargoyle]

If you can control your mind, you can do anything.
This fits well when it comes to forex trading. You must control your emotions so that they don’t control your trading decisions. You would say that emotions come naturally but so does self control.

 

[Louisfx]

If you can control your mind, you can do anything.
This fits well when it comes to forex trading. You must control your emotions so that they don’t control your trading decisions. You would say that emotions come naturally but so does self control.

Agreed! It's all about managing emotions after all.

 

[Ecstasy]

If you can control your mind, you can do anything.
This fits well when it comes to forex trading. You must control your emotions so that they don’t control your trading decisions. You would say that emotions come naturally but so does self control.

Even if it does not come naturally, a trader needs to train the brain to not respond to the emotions while trading is in progress. Another thing that can be done is to not let yourself trade unless you have a stable mindset like you are not sad or stressed about something. Trading psychology will teach your brain to suppress these things faster in order to be able to trade and earn profit.

 

[FXOpen Trader]

Even if it does not come naturally, a trader needs to train the brain to not respond to the emotions while trading is in progress. Another thing that can be done is to not let yourself trade unless you have a stable mindset like you are not sad or stressed about something. Trading psychology will teach your brain to suppress these things faster in order to be able to trade and earn profit.

We will need to use our trading systems is a way so that more income is derived by us.

 

[justintaylor]

Emotions come naturally. But with time, you can learn to control them so that they don’t distract you much. Constant practice and breaks in between trades can help you to a great extent.

 

[Flotsamm]

As the saying goes, your attitude determines your altitude. The results you get are in accordance with how you take the market.

 

[maxlvg]

It takes years for people to understand the functioning of the market and with time, they also develop the psychology required to trade forex. When you have real market situations in mind, you don’t take unnecessary steps.

 

[FXOpen Trader]

It takes years for people to understand the functioning of the market and with time, they also develop the psychology required to trade forex. When you have real market situations in mind, you don’t take unnecessary steps.

We will need to understand how the Forex market works so that the profits can be made by us.

 

[Suzzaine89]

Emotions come naturally. But with time, you can learn to control them so that they don’t distract you much. Constant practice and breaks in between trades can help you to a great extent.

Agree with you on this. Constant practice can help you to get better, it did for me.

 

[Eduardo Lucchese]

I know a trader who always keeps maintaining his trading equity around 3K USD. When it increases more than 3K he withdrawal the extra amount! When I asked him, why you do like this? He mentioned it’s all about his psychology! Actually, Forex is all about psychology! And you need to control your emotions during your trading sessions!

 

[FXOpen Trader]

I know a trader who always keeps maintaining his trading equity around 3K USD. When it increases more than 3K he withdrawal the extra amount! When I asked him, why you do like this? He mentioned it’s all about his psychology! Actually, Forex is all about psychology! And you need to control your emotions during your trading sessions!

If we will start doing constant practice in doing the trades the profits we are going to get will get increased.

 

[heispark]

I know a trader who always keeps maintaining his trading equity around 3K USD. When it increases more than 3K he withdrawal the extra amount! When I asked him, why you do like this? He mentioned it’s all about his psychology! Actually, Forex is all about psychology! And you need to control your emotions during your trading sessions!

That’s a great example of trading psychology. And, you’re right, if a trader is able to control his emotions and trade by the rules, he is less likely to lose big.

 

[Bahiya Shinam]

Fear & greed both are responsible in that case! This is why, we need to practice more when we do demo trading! Basically, having a proper money management plan is so much important! You can’t expect unrealistic profit here! If you wanna be a long term success, just focus on the consistency part!