Trading Psychology - Dealing With Your Emotions
Trading psychology is a very important part of trading. The leverage involved in forex trading can cause emotional swings that can affect your trading decisions.
Introduction to Trading Psychology
Trading psychology is the perception change that you go through once you are actively in the markets trading your own money. When trading on a demo account, it seems like it would be easy to make money and there seems to be no reason why you wouldnt be able to start making money with a live account. Then, you make that first live trade and you start to feel indecisive about when to take profit, or cut your losses. You have just discovered the effects of trading psychology.
Trading psychology is the perception change that you go through once you are actively in the markets trading your own money. When trading on a demo account, it seems like it would be easy to make money and there seems to be no reason why you wouldnt be able to start making money with a live account. Then, you make that first live trade and you start to feel indecisive about when to take profit, or cut your losses. You have just discovered the effects of trading psychology.
Trading Anxiety
Trading anxiety can be a problem for traders that have suffered from serious losses. Anxiety can cause a loss of confidence, fear of mistakes, and take away your ability to be objective
Trading anxiety can be a problem for traders that have suffered from serious losses. Anxiety can cause a loss of confidence, fear of mistakes, and take away your ability to be objective
Market Sentiment
Understanding market sentiment.
Understanding market sentiment.
5 Factors of Forex Trading Psychology
5 major psychological factors that affect your forex trading.
5 major psychological factors that affect your forex trading.
Fear and Greed
The influence of fear and greed on trading decisions.
The influence of fear and greed on trading decisions.
Gauging Market Sentiment
Gauging market sentiment using open interest.
Gauging market sentiment using open interest.
Taking Revenge on the Market
Dealing with the need to take revenge on the market.
Dealing with the need to take revenge on the market.
How to Deal with Trading Mistakes
How to handle the emotions caused by trading mistakes.
How to handle the emotions caused by trading mistakes.