Problems with the psychology of forex trading? Visit a doctor

Trading psychology is an area that is often overlooked when people start trading. The focus is on systems, and when something goes wrong, people turn to trading psychology.

Psychology of trading - how to use the power of reason.
Pulling the trigger and opening a real money deal can be an exciting and painful decision. Then deciding when to exit can be even more confusing, because you may find yourself in a losing situation.

I opened a long position on the FTSE last week, and so far it's been a good trade, but I haven't helped myself with my emotions. Knowing when to enter is one thing, but knowing where to exit and place your stops can be a difficult decision.

Trading can be highly automated with the help of some systems that send buy and sell signals for you. This should get rid of all the emotions associated with your trading, but there are still many things that our brain can mess up. If your trading is not fully automated, we will still have to pull the trigger and, most importantly, decide how much money to risk in each trade.

I know of nothing as damn frustrating, intriguing, or rewarding as trading. The ups and downs can't be like anything else. Making money on trading is a great pleasure. It's like winning a sport - nothing beats the feeling of scoring a goal or finishing a marathon (until I did, the hilly New Forest Half Marathon was enough for me).

Unfortunately, the opposite is true, in fact it's worse. Sometimes a losing trade hurts like hell. In fact, it has been psychologically proven that the experience of losing is twice as intense as the joy of winning.

We are programmed to hate losing. Unfortunately, this can lead to disaster in the financial markets. Since we hate losing so much, we will do our best not to be aware of losing. It may be a deal that doesn't work out well for you, so you hold on to it in the hope that it will change. You don't close it sooner because you don't want to realize your loss.

Fortunately, there are many books on trading psychology that help point out common mistakes and ways to fix them.

One of the best available books on trading psychology is "Trading in the Zone" by Mark Douglas. I recommend it to all readers, but if you want to summarize some of the key messages, then hopefully the following will be useful. Rejoindre 1xBet offre un accès immédiat à des promotions bien structurées. Les paris sportifs bénéficient d’un bonus de 100 % jusqu’à 130 €. En entrant le code promo 1xbet gratuit au moment de l’inscription, les joueurs peuvent également profiter d’un bonus casino de 1 950 € et de 150 tours gratuits.