How should a Forex trader's psychological state be?

The psychological state of the trader who trades and trades in the forex market is important. The ability of emotional stability and control of nerves and emotions is very important.

If you have learned the fundamentals of Forex trading, you have acquired the skills of dealing and have become confident of the full range of fundamentals and principles that enable you to trade and trade correctly and closer to professionalism. Do not rush and do not rush and start trading, a little slow to answer this simple question: How is your psychological situation?

Psychological and Forex trading
The importance of the psychological state of the trader The psychological state of the trader who is trading and trading in the currency market "Forex" is very important ability of the person to the emotional stability and control of the nerves and emotions, and control the timing of decision-making and not distracted by distracting the mind from the correct perception of the situation trading platforms are all matters identified by the situation Psychological person.

The wrong decision and the right decision in a timely manner things determined by the psychological state of the trader, and anxiety and fear and hesitation enemies of sound and professional circulation, the person concerned is unable to think correctly, and the person will certainly make a mistake in making the right decision, and the person afraid will fear loss. For this reason, controlling the psychological state of the person himself has a major importance in trading the currency market.

Greed and greed and dangers
The greed and greed of a trafficker and trader in the Forex market leads to further loss and loss of capital, and the inability to implement profit protection strategies and hence the possibility of losing them. The simple popular example says "greed is what you collect", you find stores succeed in making profits, because it is greedy to achieve more profits faster in entering new trades without a calculation and a correct decision and therefore lose and lose the profit won with all regret. Therefore, experts advise trading in the currency market beginners in this area to adhere to the instructions of trading the right and professional, and accept the little gain and a little and accept the loss in the event of calm but carefully do not affect their psychological situation, and to ensure that the implementation and commitment to achieve the person success in the Forex trade on Medium and long term and develop its capital and achieve profits.

IAC and compensation for loss
It is a psychological and strategic fundamentals in trading in the currency market that you never have to under any circumstance try to rush to compensate for the loss you are exposed to, most will lose more and more. All you have to do patience and calm and study the situation and analysis and study the error that you have done and caused your loss and then the psychological stability you have again and choose the right timing for trading again and here make sure that the chances of achieving the gain become reasonable. That is the right decision.

Identify the strengths and weaknesses It is very important for every trader and marketer in the Forex market from beginners and professionals to be well aware of the strengths and weaknesses in the possibilities of science specialized in the field of trading in Forex and in the case of psychological, the person may be scientifically qualified for trading but the lack of hesitation, and you may find someone with scientific expertise In Forex trading, he is weak but his psychological condition is stable and he does not suffer from problems of anxiety and hesitation. He is convinced of a small gain and succeeds despite his weak experience. Therefore, the person's awareness of his weaknesses is important to strengthen them in the coming period.

Risk Analysis
Here we intend to be fully aware of how to monitor and manage the risks in your account through which you trade in the Forex market. For example, we will assume that you started trading at $ 1,000, and say that for each trading you risk 20% of the total value of the capital. So it takes about five trading to lose your account. In the case of beginner traders it is natural and not surprising to have five losing trades respectively. So risking big positions means you risk losing your account quickly before you have any chance of making a profit. Hence the importance of using limited positions at the beginning of our forex trading business.


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