Forex Trading Psychology Attitude Determines Everything
The following forexrebatenetwork from the book "Technical Analysis H What is forex rebatebook" to find out some of the highlights about Whatisforexrebate psychology hope bestforexrebate the stars and points of it can help you better understand your own trading psychology and the importance of psychology in forex trading forex technical analysis www.waihuibang.com/ fxschool/technical/1. Remember that becoming a winning forex trader is a journey, not a destination There is no such thing as a winning trader. As long as you follow your own trading plan to do the trade should do, then congratulate yourself, feel good about the transaction, and do not care whether the transaction is a profit or loss 3, make cashback forex do not be too complacent, lose money do not be too downhearted try to maintain a balance, to hold a professional view of their own transactions 4, do not expect that the transaction will certainly be this or that you are looking for is to the If your trading method tells you that you should do a deal, and you did not execute, missed an opportunity to make money, only to do the wall, this pain is much greater than the pain you brought to the market according to their own trading plan to do a deal but finally lost money 6, their own life experience to shape your understanding of the transaction if you do the first deal to lose If you lose money on the first trade you make, the chances of you not getting involved in the market for a long time, or even not touching that commodity for the rest of your life, are very high. A formal business education can give you an advantage in understanding the economy and the general state of the market, but it does not guarantee that you will make money in the market. Opportunities, you must tap into the knowledge that is essential to successful trading 8, arrogance and pride due to making money will make people bankrupt making money will make people emotionally charged, thus causing their view of reality to be distorted the more you earn, the better you feel about yourself, and you are also vulnerable to the control of arrogance emotions the thrill of making money is what gamblers need gamblers are willing to lose money again and again just for the thrill of making money once 9. Always keep in mind that no matter what the win or loss, one person to bear do not go to blame the market or broker to lose money to provide you with an opportunity to be able to notice what exactly went wrong in the transaction do not attack against individuals 10, successful traders quantify and analyze risk, truly understand and accept risk from the emotional and psychological acceptance of risk determines your mindset in each transaction individual risk tolerance and The trading time preference of each trader also makes each trader different choose a trading method that reflects your trading preferences and risk tolerance 11, the foreign exchange market is not the spot market on the contrary, the foreign exchange market is a collection of all trading participants of the psychological stereotypes of the long and short daily fight reflects the long and short of what is thinking every day must pay attention to the daily closing price and the relationship between the days high and low, because this 12. Never go long just because the price is low or short just because the price is high. Never add to a losing order. Never lose patience with the market. The challenge for traders is to understand what kind of person they are, and then firmly and consciously cultivate those qualities that are conducive to their trading success.14. Forex traders are rare? The reason is that they need to spend more time on their own psychology, rather than on the analysis method 15, the work is good, must first sharpen their tools Abraham Lincoln also said, if I want to spend eight hours to cut down a tree, then I will spend six hours to sharpen their axe in forex trading, this maxim can be interpreted as: research and study is very important for the time spent on the preparation of the exchange to exceed the time spent on the order There is an old adage that says that the market will do everything it can to drive most traders crazy and as long as someone goes against the trend, the market trend will continue.