Psychological barriers that a trader must overcome ⠀

[Haytham]

Excitement. Working on the Forex market is not a gamble, and a run of success may encourage the trader to experience a feeling of excitement. That is why it is necessary to overcome the psychological barrier of excitement and treat the forex market as a serious analytical work, and not a succession of luck
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Panic. If the transaction is closed in the wrong direction, the trend goes against the trader or the SWAP starts losing money, the most difficult thing is not to panic. But having overcome the panic, the trader will be able not only to close the deal in a plus but also significantly calm his nerves
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Rejection. Unfortunately, work on the Forex market is not understood by all people, people with no education, the elderly, or those who have had a negative experience from trading believe that this work is not serious. The output in such a situation will be abstracted or help your loved ones understand their development vector

 

[nsrajpal]

Any Suggestions regarding how to overcome these issues?

 

[Ashioya]

Any Suggestions regarding how to overcome these issues?

Writing down your goals, keeping the focus and just not excitement of some wins getting into your age! I wish you well bro, you can look for psychology books too.

 

[Ozz]

Firstly, have a trading plan and stick to it.
Secondly, have a trading plan and stick to it.
Thirdly, have a trading plan and stick to it.

I must do this!

 

[kha_]

How do we overcome these emotions and be successful in trading?

 

[gsp]

key things:

risk management
sticking to your strategy
testing your strategy
Strategy helps calm your emotion because strategy is more in control.