Psychology of trading

When you are frustrated when you miss a signal, recall those times you didn’t miss the signal and you end up in a loss.
When you don’t get a signal, recall those times you got a signal and lost.
When you lose, recall those times that you lost more.

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Psychotrading Becomes that tool that serves to help us to be disciplined, to Better control and Manage the Emotions that can Hinder and block us, and our “Shield”, in the face of possible Temptations to let ourselves be Overcome by Sensations such as Greed, Impatience, Fear, recklessness, the Ego, the Desire for “Revenge” or Revenge … As necessary as learning, it is “learning” ourselves, Knowing what our Strengths and weaknesses are, and “Educating ourselves” to live with all those Sensations that are Experienced when a real order is placed on the market.

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Running positions on multiple time-frames and diversified through instruments helps me not get frustrated during mostly idle market-hours.

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Thank you all for the input and advice I beleave by expressing how I’m feeling it will change my attitude of being worse trader to a better after this topic I’m changing to a better person.

Controlling your mindset whilst trading is arguably one of the single most important factors. Some easy steps to help with trading and mindset can be:

Its worth having a read of my mindset articles here - Introduction To Trading Psychology goes in line with what we are talking about in this topic, and will be posting more to add to it. Reviews frequently of the mindset are important.

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Every trader experiences a time in their life when it just doesn’t seem worthwhile. Don’t bow to intimidation. Trading is difficult, but if you practise diligently you can succeed.

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psychology of trading is simple; You work, you lose, you try, you win

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I think that cold head is what every trader should have. Patience is a key to success. Sometimes you are ready to give up, but if you think well, you can also find the way out.

Yes, you are absolutely right, patience is very important for the right mindset to trade.

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Exactly, we should follow our own learning when it comes to trading.

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You won’t find a common psychology of trading in all types of traders. Development of better psychology is needed for better trading.

Different traders have different trading psychology and different ways of dealing in forex.

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Perhaps some one is trying to create copy trading for successful trader’s psychology :slight_smile: :slight_smile:

Trading psychology really matters. Strong mentality is a good support for traders and weak mentality breaks a trader down.

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That’s a normal thing . Eventually you’ll get numb to losing money . You gotta “ pay to play” in this market. Best advice is Trade money you don’t care about losing , like $10 a trade & work on compounding a trading account don’t worry about withdrawing money right now . Also build a STRONG RISK Management plan

yep, self control is everything here.
being able to analyze own mistakes with cold mind and not getting all emotional is crucial

Self awareness and self control is imp in forex.

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Amend your trading psychology because a weak psychology makes a trader suffer due to trading anxiety.

I always say mend your trading psychology because it has high impact on your trading. Never nurture negative mentality.