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  1. #51
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    I agree. I would say that psychology is a key element of trading.

  2. #52
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    Traders need to make rules and follow them when a psychological crisis hits. Create guidelines based on your risk-reward tolerance for when to enter a trade and when to exit it. Set a profit target and place a stop loss to remove the emotions from the process.

  3. #53
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    Stop loss is a problem for many. I myself had sinned before placing Stop Loss. Now there are no such problems

  4. #54
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    Trading psychology can be as important as other attributes such as knowledge, experience, and skill in determining trading success. Fear and greed are often associated with trading psychology, while things like hope and regret also play a role in trading behavior.

  5. #55
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    Psychology takes up a large part of forex trading. If you take a psychologically calm approach to trading, there will be no big problems in trading.

  6. #56
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    Quote Originally Posted by Elrufai View Post
    Psychology takes up a large part of forex trading. If you take a psychologically calm approach to trading, there will be no big problems in trading.
    Yes, but psychology is not the only market success factor.

  7. ARIONFORXtarder
 

 
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