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Trading psychology is an important aspect of trading stocks, Forex, or virtually any other security. In fact, it is no less significant for conducting a successful trade than, say, trading skills and knowledge or current market conditions.
Trading psychology is associated with the traders’...
1. Try to make control over Greed, Fear, Emotions and Anger.
Profitable Traders make control of this.
2. We must avoid Greedy because that may easily damage our knowledge,
experience, skills and Vision towards gathering data.
3. The Forex market is the right place if we can cut out the hope...
The best way to overcome an overconfidence bias is to establish a strict set of risk-management rules. These rules should at least cover how many trades you will allow yourself to be in at one time, how much of your account you are willing to risk on any one trade and how much of your account...