Note well the material to be discussed at this time. Most of them are
experienced trade barriers rather than on how they predict price
movement but how they control themselves. Yup, psychology in forex
trading is the hardest part in
trading. Ask those who have started the real trading or new players or players of old: "what is the hardest Part in trading?" Most likely the answer you receive is how to conquer themselves when trading. However trading is involved a man and every man has its advantages and drawbacks of each. Each of us has a greedy nature, fear, doubt, and the emotions that affect Our trading patterns.
Now a professional trader should have the ability to manage the mental as well as their emotions for the sake of the interests of their trading. Those who fail here won't be able to last a long time in forex investments. And the bad news is not an easy matter. There are enough do simulai in their minds then they are able to keep their thoughts and emotions remain healthy in the trade. There are also takes a few months to a few years to be able to manage their mental. There are even more who could not get through at all (for which can not pass it, sorry maybe not forex investing is right for you. Look for other more low investment risk).
Well the emotional problems related to this, there are some bad characters that you need to avoid when trading. I don't care about your everyday life. If you have some bad habits in daily life it becomes our personal affairs respectively. But if you bring some bad habits that will be mentioned below in your trading, in a matter of days until this month there will be a huge loss because of it. So bersepakatlah with me not to bring this bad habit in your trading.
trading. Ask those who have started the real trading or new players or players of old: "what is the hardest Part in trading?" Most likely the answer you receive is how to conquer themselves when trading. However trading is involved a man and every man has its advantages and drawbacks of each. Each of us has a greedy nature, fear, doubt, and the emotions that affect Our trading patterns.
Now a professional trader should have the ability to manage the mental as well as their emotions for the sake of the interests of their trading. Those who fail here won't be able to last a long time in forex investments. And the bad news is not an easy matter. There are enough do simulai in their minds then they are able to keep their thoughts and emotions remain healthy in the trade. There are also takes a few months to a few years to be able to manage their mental. There are even more who could not get through at all (for which can not pass it, sorry maybe not forex investing is right for you. Look for other more low investment risk).
Well the emotional problems related to this, there are some bad characters that you need to avoid when trading. I don't care about your everyday life. If you have some bad habits in daily life it becomes our personal affairs respectively. But if you bring some bad habits that will be mentioned below in your trading, in a matter of days until this month there will be a huge loss because of it. So bersepakatlah with me not to bring this bad habit in your trading.
Greedy
well this is the first disease for those who have obtained profit in forex. All people have a tendency to crave more when they earn the name of money. Just imagine how through play forex, you can earn a profit of 1 million dollars only in a matter of hours! Isn't that is something extraordinary? If compared to the salary of an employee that the magnitude of the Rp 2 million a month, that means they will only earn Rp 100 Thousand/day and even after they worked for 8 hours. While you can get 1 million dollars only in a matter of few hours due to currency moves a few dozen points due to rising interest rates. Isn't that incredible?
Beginners who never felt the sweetness of this profit is surely wanted bigger. If it can be 100 million in one-time trading! This is a problem of greed will appear. Want something more logical considerations and in the absence of careful calculations such as capital, market conditions, and the risks, that is what is meant by greedy.
Those who stuck with the mental attitude of the greedy thought after they won their first 1 million they can repeat it right then and there without thinking of how the conditions of the current price. In such circumstances is usually a consideration and analysis of logical already ruled out and our minds are full of business how to earn more profit. As a result of the new positions are opening without understanding that it's probably just the analysis we've been biased or the price no longer move because the trend has passed.
Some cases greed I have ever heard of the Newbies are those who are successful in their first two days in the trade (managed to reach a 50% return for 2 days) and on the third day of doing the injection due to loss! Well, it is a potential huge forex profits. If we point of view from the corridor investment, return of 50% in two days isn't that really very magical? That's what I like from forex. Even in the unlikely event the novice last stopped trading in it and let it returnnya in one month only by 50% then it's also very unusual. Compare with deposit rates are only willing to give you 10% per year. Unfortunately due to the greed of her return loss. Not return to the zero point and even more than that becomes minus.
It should be understood, not greedy here does not mean limiting your profit. It is not. Legitimate only profit you earn 1 million more after you get the first 1 million profit if indeed his condition allows. This means that there is a reason you to open new positions for example because a new trend appears or the existence of fundamental news that support. Once again greedy in forex happens when we wanted more but don't have a strong reason to get it
Then how do I prevent ourselves not to be greedy when trade?
There are some simple advice to help you not greedy while trading:
well this is the first disease for those who have obtained profit in forex. All people have a tendency to crave more when they earn the name of money. Just imagine how through play forex, you can earn a profit of 1 million dollars only in a matter of hours! Isn't that is something extraordinary? If compared to the salary of an employee that the magnitude of the Rp 2 million a month, that means they will only earn Rp 100 Thousand/day and even after they worked for 8 hours. While you can get 1 million dollars only in a matter of few hours due to currency moves a few dozen points due to rising interest rates. Isn't that incredible?
Beginners who never felt the sweetness of this profit is surely wanted bigger. If it can be 100 million in one-time trading! This is a problem of greed will appear. Want something more logical considerations and in the absence of careful calculations such as capital, market conditions, and the risks, that is what is meant by greedy.
Those who stuck with the mental attitude of the greedy thought after they won their first 1 million they can repeat it right then and there without thinking of how the conditions of the current price. In such circumstances is usually a consideration and analysis of logical already ruled out and our minds are full of business how to earn more profit. As a result of the new positions are opening without understanding that it's probably just the analysis we've been biased or the price no longer move because the trend has passed.
Some cases greed I have ever heard of the Newbies are those who are successful in their first two days in the trade (managed to reach a 50% return for 2 days) and on the third day of doing the injection due to loss! Well, it is a potential huge forex profits. If we point of view from the corridor investment, return of 50% in two days isn't that really very magical? That's what I like from forex. Even in the unlikely event the novice last stopped trading in it and let it returnnya in one month only by 50% then it's also very unusual. Compare with deposit rates are only willing to give you 10% per year. Unfortunately due to the greed of her return loss. Not return to the zero point and even more than that becomes minus.
It should be understood, not greedy here does not mean limiting your profit. It is not. Legitimate only profit you earn 1 million more after you get the first 1 million profit if indeed his condition allows. This means that there is a reason you to open new positions for example because a new trend appears or the existence of fundamental news that support. Once again greedy in forex happens when we wanted more but don't have a strong reason to get it
Then how do I prevent ourselves not to be greedy when trade?
There are some simple advice to help you not greedy while trading:
- Faithful in your trading system. This at the same time teach you to discipline. Don't spend time lingering in front of Your forex charts. This will give rise to the desire to open a new position.
- Have an understanding that not all price movements should generate profit for you.
- Have a particular target in Your daily or weekly trading. Don't get too high. When it is reached, shut your platform and turn off the computer and then go to bed!
- Solution: stop thinking of your profit when you sleep (Hey don't be scrunched up forehead so dong, I am seriously with this statement)
A list of the above solution could be getting longer when it is
forwarded. But the bottom line is the same as the question of how not to
be a Slacker, the answer is to be the person who is diligent. Likewise,
the core of the 5th point above is a stop for the greedy. Cukupkan
ourselves with profit. Wouldn't it be more fun to sleep after position
closing your profit by 30 points compared to trade again and a new
position we are still terfloating?
Revenge
Revenge
Well
they are ever trapped in greed when they profit will usually experience
a loss in trading-trading them the next. Get here if it still does not
want to "repent" also it typically will continue to the next
psychological problems called revenge. Those affected by the syndrome of
vengeance against the market usually have thought thus: "whatever
happens, the important thing is my turnover."
Instead of turnover, which happens next is greater loss. Why? The cause of those who are already affected by the thought of revenge like this always thought to reach the BEP (break-even) in the shortest-in a nutshell (and thoroughly tempos – duh like proclamation only). Resulted in the opening of a position that impressed imposed even though market conditions do not support. End Yes what else if not
loss? Remember that it is not We that can set the market but we who have to follow the movement of the market. The market has always been a very good companion for those who are able to follow his movements. The opposite market became a ruthless enemy when we bersebrangan with the direction of motion
. Then what should we do if in the months of our first trade occurred loss? A clear revenge is not the answer. The best thing we can do when we experience loss is a review of the trading system and all our own shortcomings. Whether the analysis we are still not accurate? Or does our mental yet siao? Even if we still find the multiplicity constraint here and there when the real trading account, do not feel ashamed to return to the demo. But come back with a clear plan. What shall we do in the demo? Well this should be answered
The following brief tips that may help you avoid the syndrome of vengeance against the market:
Instead of turnover, which happens next is greater loss. Why? The cause of those who are already affected by the thought of revenge like this always thought to reach the BEP (break-even) in the shortest-in a nutshell (and thoroughly tempos – duh like proclamation only). Resulted in the opening of a position that impressed imposed even though market conditions do not support. End Yes what else if not
loss? Remember that it is not We that can set the market but we who have to follow the movement of the market. The market has always been a very good companion for those who are able to follow his movements. The opposite market became a ruthless enemy when we bersebrangan with the direction of motion
. Then what should we do if in the months of our first trade occurred loss? A clear revenge is not the answer. The best thing we can do when we experience loss is a review of the trading system and all our own shortcomings. Whether the analysis we are still not accurate? Or does our mental yet siao? Even if we still find the multiplicity constraint here and there when the real trading account, do not feel ashamed to return to the demo. But come back with a clear plan. What shall we do in the demo? Well this should be answered
The following brief tips that may help you avoid the syndrome of vengeance against the market:
- The first action when a loss: willing and learn where Our deficiencies.
- Be patient when the loss just as calm when profit.
- Wait for the best opportunity to get back into the market. Should it be if our first trading loss then the next trading more carefully again not even revenge.
- If your loss is big enough, it is wise to cease trading temporarily until you are completely recovered mentally and can trade it back with a cool head.
- Think: isn't it already from the beginning We allocate funds as forex risk capital? This means that if any really gone we're ready. Be consistent against the decisions that we take.
Doubt/Fear
Both of these result in the same psychological issues: entry at the delayed or even missed the chance of profit. Actually We should be careful in Our trading. But be careful not to say fear. Both result in the same. When you take a position to buy or sell at the price then in effect late can turn from the trend that we have predicted that and of course the damages occurred.
To be a brave but still be careful indeed not a simple matter. You need to be able to be as it was mastered what you're tradingkan
. Here there is a simple story that can provide a similar analogy: in a drought occurred which resulted in all plants in the fields of death. A major river in the village no longer drain off enough water for the fields. As a result of poverty afflicting the entire population of the village. Local village councilors said the cause of the occurrence of drought is tertutupnya the water flow in the upper reaches of the river by a large tree that was uprooted and blocking the flow of water. The problem is the upper reaches of the river covered by dense jungle and never in hitchhiking by the villagers.
Well, now they have two options IE remain in their poverty or go get into the upper river to reopen obstructed water flow by large trees uprooted. If they want to go into the upper course, they must overcome their fear and begin to learn how the forest conditions. Maybe that means an encounter with wild beasts that they have never experienced. Or it can also get lost and not be able to return home. It would be very beneficial if there is someone who never go into the jungle and recognize the unprecedented path they travel there to lead them out of the forest entrance and took care of the tree that is clogging up the flow of the River to the village of them.
Or if not, they will stay poor for not being able to cope with their fears.
The moral of this story is don't stay in the village. UH I mean do not live in fear. Is it better to go get into the Woods and took care of the problem even though it had to deal with wild beasts in the forest. Forex is like a wilderness for most people. But that does not mean we should be afraid to deal with it. Especially when you meet with the price movement that frequently so wild uncontrollably. Do not be afraid! Faced with the ability to analyze you and remember don't we have learnt so much analysis and engineering of Ministry of the funds at our disposal to prevent the bad possibilities that might happen? And the good news there is we as coaches You doesn't it?
We can still see and be hesitant to sign buy/sell GBPUSD or otherwise elections caused profit from there. Even if we never suffered a loss when trading (I also) does not mean that we become afraid.
The only way to escape from our fears is to recognize how the characteristics of the market and be able to predict the movement of the market correctly. The more often Your prediction is valid then it will be even greater courage to do action Buy and Sell. I still remember my first days of trading. That time I experienced tremendous stress because of not only my position opposite to the direction of price movements but also because of the funds that I tradingkan not my own money! But in order to become a successful trader, I struggled to maintain My analysis of the opinion until a few hours later it turned out that My analysis is correct.
Both of these result in the same psychological issues: entry at the delayed or even missed the chance of profit. Actually We should be careful in Our trading. But be careful not to say fear. Both result in the same. When you take a position to buy or sell at the price then in effect late can turn from the trend that we have predicted that and of course the damages occurred.
To be a brave but still be careful indeed not a simple matter. You need to be able to be as it was mastered what you're tradingkan
. Here there is a simple story that can provide a similar analogy: in a drought occurred which resulted in all plants in the fields of death. A major river in the village no longer drain off enough water for the fields. As a result of poverty afflicting the entire population of the village. Local village councilors said the cause of the occurrence of drought is tertutupnya the water flow in the upper reaches of the river by a large tree that was uprooted and blocking the flow of water. The problem is the upper reaches of the river covered by dense jungle and never in hitchhiking by the villagers.
Well, now they have two options IE remain in their poverty or go get into the upper river to reopen obstructed water flow by large trees uprooted. If they want to go into the upper course, they must overcome their fear and begin to learn how the forest conditions. Maybe that means an encounter with wild beasts that they have never experienced. Or it can also get lost and not be able to return home. It would be very beneficial if there is someone who never go into the jungle and recognize the unprecedented path they travel there to lead them out of the forest entrance and took care of the tree that is clogging up the flow of the River to the village of them.
Or if not, they will stay poor for not being able to cope with their fears.
The moral of this story is don't stay in the village. UH I mean do not live in fear. Is it better to go get into the Woods and took care of the problem even though it had to deal with wild beasts in the forest. Forex is like a wilderness for most people. But that does not mean we should be afraid to deal with it. Especially when you meet with the price movement that frequently so wild uncontrollably. Do not be afraid! Faced with the ability to analyze you and remember don't we have learnt so much analysis and engineering of Ministry of the funds at our disposal to prevent the bad possibilities that might happen? And the good news there is we as coaches You doesn't it?
We can still see and be hesitant to sign buy/sell GBPUSD or otherwise elections caused profit from there. Even if we never suffered a loss when trading (I also) does not mean that we become afraid.
The only way to escape from our fears is to recognize how the characteristics of the market and be able to predict the movement of the market correctly. The more often Your prediction is valid then it will be even greater courage to do action Buy and Sell. I still remember my first days of trading. That time I experienced tremendous stress because of not only my position opposite to the direction of price movements but also because of the funds that I tradingkan not my own money! But in order to become a successful trader, I struggled to maintain My analysis of the opinion until a few hours later it turned out that My analysis is correct.
Some situations require the courage to open and close positions. For
example, at a time when news happens and the price moves quickly. As
such we are required to truly alacrity and in or out without hesitation
(times like this can be really stressful for us). The following simple
tips to beat your fears:
- Fear happen if we really do not know what will happen to the price. Sharpen Your analytical capabilities.
- Think simple. Sometimes the simplicity of it quite useful. Do not over analysis.
- Sedition what has happened. Even if you took the decision because of the incurred losses. Learn where the shortcomings which loss and then clear and start again.
- Don't be too often see the chart if you are not able to control yourself. Fear will be even greater if our position is negative and continuous see it.
- Remember always to put Stop Loss.
Oh yes before this discussion ends, it feels it should be also delivered to You overcome the fear you are in using a forex platform. That is to say, please act carefully and not grogi when we trade. Many events experienced beginner when she play forex one is wrong click when trading. Now don't get this also happened to you. Cases that often comes up is error clicking Buy or Sell. There, who had wanted to open a Buy Sell button terpencet instead and vice versa. As a result the Yes loss and messy. This may occur due to groginya so the traders facing a market movement. I personally never experienced it in the first years of My trading. Twice even he ... he ... he. Well lest she followed me, I pass on this warning. If it already happens when you trade, immediately close the wrong position of the click though the risk is we experienced a loss because it spreads and transaction costs. Calculate the loss is paid for Our carelessness. OK!
Feeling Strategy
believe it or not there are some people who believe that by opening up their account on a certain date they will get profit all their trading! Even in the trade are still there who thought today was a good day in trading and the day was not a good day. I am not the one who does not believe in spiritual values, but in trade, you can't decide trade or no trade just because today is Friday the 13th. If there is no logical reason that causes us to act in the trading, well I classify it as that name was feeling. Whatever the title either, good day, dream your forex chart climb, the opening position only because the graph seems to want to ride or other things that have no logical reason
therein. The forex market is already full with a variety of market sentiment, rumors and psychological problems of the perpetrators. Well, my advice is don't add with one other issue called the feeling. This will make everything look more complicated and moody. This will only make us into trading no longer regularly and do not have a clear system. Everything is based on feeling
. I am not opposed at all to what is called the instinct or intuition of a trader. Sometimes a seasoned trader was able to open a Buy or Sell just a few seconds after he saw the currency movements. And his position in accordance with the direction of the market. But all of that was born from the experience and hours of flight suit that has been long in the forex world. The habit of seeing the movement chart for years to make a professional trader can only determine where the price will move quickly even before he saw the news or other technical indicators. This caused on bottom sadarnya have formed a trading pattern that he had done so far. And it comes when the traders see chart forexnya. Well it is called intuition. Intuition born of experience and long flying hours over the years. When it's reached the point like this is legitimate only in my opinion. I know a trader who was able to trade and profit consistently every month even without the use of a single indicator at all!
But those who do not have sufficient flying hours has not been able to use the intuisinya well in trading. As a result the Yes it is. Just a feeling-feeling so good that surely ended on berantakkannya pattern of trading the forex beginner and mess up the system that has been building over the years. As a result, any losses occurred.
If you are a beginner in your trading, advice that can be given is to keep your feelings in a trade. Even when the profit or loss occurs, try to keep all the feelings that exist. It was not easy but it feels like it will really help us to think clearly and right on target.
Other suggestions that also tastes good is don't trade when the mood We're screwed. Usually in such a condition the patience and calmness we are not optimally so many errors occur. If there are problems at home the household and it makes you dizzy dizziness, leave your forex platform and wait until your mood is quiet again. Don't lampiaskan Your pique on the forex market. It could be if We stress and even loss.
OK, it seems like it's just a row of forex psychology issues that you need to learn. Indeed there are just other psychological factors which have not been listed here. Let experience teach you in the future. See you at the next lessons.
believe it or not there are some people who believe that by opening up their account on a certain date they will get profit all their trading! Even in the trade are still there who thought today was a good day in trading and the day was not a good day. I am not the one who does not believe in spiritual values, but in trade, you can't decide trade or no trade just because today is Friday the 13th. If there is no logical reason that causes us to act in the trading, well I classify it as that name was feeling. Whatever the title either, good day, dream your forex chart climb, the opening position only because the graph seems to want to ride or other things that have no logical reason
therein. The forex market is already full with a variety of market sentiment, rumors and psychological problems of the perpetrators. Well, my advice is don't add with one other issue called the feeling. This will make everything look more complicated and moody. This will only make us into trading no longer regularly and do not have a clear system. Everything is based on feeling
. I am not opposed at all to what is called the instinct or intuition of a trader. Sometimes a seasoned trader was able to open a Buy or Sell just a few seconds after he saw the currency movements. And his position in accordance with the direction of the market. But all of that was born from the experience and hours of flight suit that has been long in the forex world. The habit of seeing the movement chart for years to make a professional trader can only determine where the price will move quickly even before he saw the news or other technical indicators. This caused on bottom sadarnya have formed a trading pattern that he had done so far. And it comes when the traders see chart forexnya. Well it is called intuition. Intuition born of experience and long flying hours over the years. When it's reached the point like this is legitimate only in my opinion. I know a trader who was able to trade and profit consistently every month even without the use of a single indicator at all!
But those who do not have sufficient flying hours has not been able to use the intuisinya well in trading. As a result the Yes it is. Just a feeling-feeling so good that surely ended on berantakkannya pattern of trading the forex beginner and mess up the system that has been building over the years. As a result, any losses occurred.
If you are a beginner in your trading, advice that can be given is to keep your feelings in a trade. Even when the profit or loss occurs, try to keep all the feelings that exist. It was not easy but it feels like it will really help us to think clearly and right on target.
Other suggestions that also tastes good is don't trade when the mood We're screwed. Usually in such a condition the patience and calmness we are not optimally so many errors occur. If there are problems at home the household and it makes you dizzy dizziness, leave your forex platform and wait until your mood is quiet again. Don't lampiaskan Your pique on the forex market. It could be if We stress and even loss.
OK, it seems like it's just a row of forex psychology issues that you need to learn. Indeed there are just other psychological factors which have not been listed here. Let experience teach you in the future. See you at the next lessons.
