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Foreign exchange learning the psychology of foreign exchange trading

{}Posted in2023/2/25 0:01:56 | 8Browse

1, remember to become a winning speculator cashback forex a journey, rebatesforexbroker a destination in the world bestforexrebatecompanyes not exist only win not lose the speculator try to trade a little better every day, from the progress of the self to get pleasure concentrate on learning the skills of technical analysis, improve my fxrebatecentral skills, rather than just focus on how much I win or lose on the trade 2, as long as in accordance with my own As long as the trading plan in accordance with the self should do the transaction, then congratulate the self, feel at ease with the transaction, best forex rebate company do not care whether the transaction is a profit or a loss 3, profits do not be too complacent, losses do not be too downhearted try to maintain a balance, the professional point of view of self-trading 4, do not expect that the transaction will certainly be this or that you are looking for is a well-thought-out facts If your trading method tells you that you should do a trade, and you did not execute, missed an opportunity to make a profit, only to do the wall, this pain is much greater than the pain you entered the forexrebatecommission according to your trading plan to do a trade but finally lost 6, their own life experience to shape your understanding of foreign exchange trading if you do the first trade on the loss, then you are very The chances of not getting involved in the foreign exchange market for a long time, or even a lifetime of not touching that trading species is very high, making a single loss and failure to bring the psychological impact of a person than the physical pain is greater, the impact of a longer period of time if you are not a failed foreign exchange transaction knocked across, then making a single loss will not have such a negative and lasting impact on you 7, education experience to shape the way speculators look at trading has an important Formal business education can give you an advantage in understanding the general state of the economy and the currency market, but this does not guarantee that you will be profitable in the currency market formal college education to learn the vast majority of knowledge does not provide you with the specific knowledge needed to become a successful foreign exchange speculator to become a winner in trading, you must learn to perceive those opportunities that most people are blind to, you must tap Those essential to successful trading knowledge 8, arrogance and pride due to profits will make people bankrupt profit will make people emotionally charged, thus causing the egos view of reality to be distorted the more you earn, the better you feel about yourself, you are also vulnerable to the control of arrogance the thrill of profit is the gambler needs gamblers willing to lose again and again, just for the thrill of a profit 9, always remember, no matter how much you win or lose Do not blame the currency market or foreign exchange broker losses provide you with an opportunity to note what went wrong in the transaction do not attack individuals 10, successful foreign exchange speculators 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 trading time preferences The foreign exchange speculator also makes every speculator different in choosing a trading method that can reflect your trading preferences and risk tolerance 11, the currency market is a collection of all trading participants psychological stereotypes of the long and short daily fight reflects the long and short of what is thinking every day must pay attention to see the daily closing price and the relationship between the days high and low, the reason is that this shows the recent strength and weakness of the currency market 12, never just because Is the price is low to do more or the price is high to do short easily do not go to the loss of a single add code never lose patience with the currency market before making any transaction to have the right reason to remember that the currency market is always right 13, speculators need to listen to the currency market to effectively listen to the currency market, speculators need to pay attention to their own trading methods, the same, but also to pay attention to their own speculation as much as the charts and the currency market The challenge for Forex traders is to understand what kind of person they really are, and then firmly and consciously cultivate those qualities that are conducive to their trading success.14 As a Forex trader, the farther away from hope, greed and fear, the greater the chance of trading success Why are there hundreds of people who analyze technical charts to get a good idea, but there are very few really good Forex traders? The reason is that they need to spend more time on the psychology of the self, rather than on the analysis method 15, the work is good, must first benefit from its tools Lincoln also said, if I want to spend eight hours to cut down a tree, then I will spend six hours to sharpen my axe on the transaction, this maxim can be interpreted as: research and study is very important for the transaction to do the time spent on the preparation to exceed the order and look at the plate The time spent 16, the vast majority of foreign exchange speculators are not as patient as the currency market has an old adage that says, the currency market will do everything possible to drive most speculators crazy as long as someone goes against the trend, the trend of the currency market will continue to
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