Some people believe in the new moon and full moon theory. According to them, a full moon is very bad for the trading market, whereas a new moon is the best period to trade.
I believe in no superstition because as long as you donāt sufficient knowledge on trading, no one can give you profit. Mental imbalance works as a bar to the way of earning profit. So, before descending on trading, make your mindset in a way that doesnāt inspire to take high risk.
Iām the same. I donāt really have any superstitious related to forex.
One thing Iāve adopted is a little Teddy my daughter got me for my birthday I like to have it on my work/trading desk.
I now release if its missing Iām going to think something is wrong lol
Superstition? whatās that? Trading psychology isnāt enough to mess with our heads.
Nah! Overthinking eats you, especially when you are a trader.
Ooooh. Interesting! Haha. Did telling others about your good trades sort of made them lose?
Ahhhh. That makes sense! Hahaha. Very logical perspective.
Nah not like thatā¦but whenever I do this, my trades kinda get bad. Donāt know if itās just in my mind or it really happens.
Do you guys really believe wearing red while trading will affect your trade?
Maybe one of the people you share your success is secretly wishing for your failure. Hahaha! I hope not though!
Hahaha! I mean, I feel like at this point, the superstitions here are not really used by these traders to determine the results of their trades. Itās more like a compilation of quirky things we avoid or follow.
Superstitions among traders grow when they try hard and soul but canāt succeed from Forex trading. So, traders should grow their knowledge in a way that no wrong thought can make space in their minds. Traders should think about every single mistake because it gives them a basic knowledge over trading.
I just heard a new yesterday!
Donāt trade when your black cat crossed over the keyboard! Bad rap!
but I wonder how long I have to wait for it then 24 hrs, what if I have open positions!
On the same basis as it is common to use 2 X ATR(14) as an amount risked, where (14) is the time period you are trading, then just wait two full time periods before you re-enter. At least if anyone asks you what your trading plan is, you can confidently say āblack cat walks across keyboard, stay out of market for 2 x candlesticksā
I donāt have any superstitions as of now but my friend who recently started trading, has this belief that trading at 3 am brings more wins. He got his first ever win at that time so now he sets an alarm at 3 am, just to wake up and trade. I find it quite amusing.
I know there is no link between forex trading and superstitions but whenever I wear black, I lose money.
I donāt believe in any forex superstitions and I believe no one should. There is no relation between forex trading and superstitions.
Hi,
You have never experienced paranoia then. Did you know that just because you are not paranoid, it doesnāt mean they are not all out to get you?
I refuse to trade if I have been having a bad day. To me, itās a sign that something will go wrong, and I take my omens very seriously, lol. In general, aside from this, I also refuse to trade after midnight. Itās not meant to be if I still havenāt secured a win by then.