Psychology

[Tom Latham]

success is a long time approach in this trading place , so first of all need a patience without any regret.

 

[Lyrine]

Psychology plays a pivotal role in trading as it influences most of the trading decisions that trades make. As an investor/trader, you should be fully aware of your emotions. Do not make a decision without checking the facts, otherwise you will lose badly in the game.

 

[magnum]

Nothing beats your willingness to control emotions while trading, it's the ultimate game changer in trading because with lack of control over emotions in trading is useless as losses become certain.

 

[Increscent]

Fx is a stressful activity sometimes and there are alot of emotions comes in our way of trading like fear, greed, hope etc. so a trader must adapt to the psychology which is best suited for him, only then he can make great trades and ultimately become a winner trader

 

[Oscar Shumack]

Traders who are serious about trading can go any length to flourish their career.

 

[Distributive]

Trading psychology is something we often don’t pay much attention to. And that is a huge mistake on the part of a forex trader. Overtrading and emotional trading is what stops us from becoming profitable and consistent in the long run. Emotional control and logical thinking is very much needed to become a successful forex trader.

 

[FXOpen Trader]

Trading psychology is something we often don’t pay much attention to. And that is a huge mistake on the part of a forex trader. Overtrading and emotional trading is what stops us from becoming profitable and consistent in the long run. Emotional control and logical thinking is very much needed to become a successful forex trader.

The trades that are being done by us need to be with a proper plan.

 

[Somerze]

Psychology is a critical element in forex trading. It can make the difference between success and failure for a trader. The ability to control one's emotions, stay disciplined, and make logical decisions is essential in this business.

 

[Mateox_28]

Psychology is a critical element in forex trading. It can make the difference between success and failure for a trader. The ability to control one's emotions, stay disciplined, and make logical decisions is essential in this business.

I completely agree with you. Psychology play an important role in trading journey and must be given importance.

 

[Slurry]

Most traders ignore the trading psychology part and shouldn't do that. Ignoring trading psychology makes it difficult for anyone to trade because without trading psychology, it is not possible to understand the market and its movements. When trading becomes difficult, it is only through the concepts of trading psychology that one can prevent one's fall.

 

[Trang01]

Trading psychology is important as it refers to traders' mindsets and affects the decisions of the traders while trading. Regulating your emotions is the only way to trade successfully and guilt-free. Traders are concerned with four emotions: hope, greed, fear, and regret.

 

[Siccative]

It is very important that you have a strong mentality in order to succeed in the market like Forex. Give yourself time to learn things and take risks that you can handle and everything will fall in place eventually.

 

[RoughCousin]

In the forex market, right trading psychology is effective in making right and logical trading decisions. It has an effect on market trading and individual traders. If you want to succeed in forex trading, you must develop a trading mindset.

 

[Mecine]

Understanding market psychology can be tough at first but in time through analysing and scanning the market for opportunities, traders will get the hang of it. Read this book written by Denise Shull titled, ‘Market Mind Games.’ It will help in developing the crux of market psychology.

 

[Behoove]

There is a popular saying in forex trading that goes, "If you work on your psychology, everything will work out." I believe in this.

 

[LouBega88]

Develop your psychology first because traders suffer in forex much because of their weak psychology.

 

[Gito Dinev]

Traders need trading-friendly psychology like controlling emotion, controlling greed, patience, decision-making skill and sustaining power.

 

[Nayek Pichai]

Many of us prefer scalping just because it gives traders the ability to reap gain quickly. But traders can make loss on the market without proper trading knowledge.

 

[LouBega88]

There are so many e-books containing the basics of Forex trading and a pile of video tutorials available on Youtube.

 

[Bahiya Shinam]

Different traders have different money managing approaches so try to pick the best one up for you. Many traders are struggling to conquer Forex but majority of them are not successful.