Is Trading Psychology a cop out for not having an edge?

its a fair point maybe that why the success rate is a small percentage.With many barriers starting with the basics like not having sufficient capital ,or knowing a proven tested strategy whats successful in the here and now. Psychology dose seem a bit of a buzz word regarding trading .Though experience is paramount and maybe a bit of self reflection at times

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[quote=“CavaliereVerde, post:24, topic:391825”]
99.9% of mentors aren’t able to extract profit from the market.
[/quote] its a bit harsh is nt it?

The harsh truth.
Where are the trackrecords?
Who makes money? Brokers and vendors.
Brokers distributes crumbs to trading websites.
Psychologists can turn a losing gambler into a disciplined loser.
Something like from -100% per year to -10% per year.

just been devils advocate really,i agree mentors will just sell you nothing more than what you can learn on babypips, maybe have a viewpoint of their own.

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Trading psychology plays a crucial role in adding on to the success of a trader. If emotions like greed and impatience overpower you, there are high chances of facing failed trades.

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