15 destructive trading psychologies that affect profitability in forex gold trading and analysis of the causes
Trading psychological problems accompany our Eastforexcashback process all the time Here is a list of 15 psychologies that prevent the formation of a cashbackforexbtc mind, you can use them as a reference manual for solving problems If your money curve has retracted, then you can refer to this list to see if you have any bad habits or if there is a New bad habits without knowing it yourself If you do have bad habits, then you have to look for countermeasures to improve performance This list is cashback forex complete, many problems do not appear in this list If new problems appear, you can write down your personal obstacles in your notebook so that you can find solutions yourself Forex gold trading 15 destructive trading psychology East forex cashback its causes 1, fear of stop loss, fear of loss. The usual reason is that traders forexcashbackcalculator afraid of failure and are afraid to accept losses such traders have high self-esteem 2, close positions early: once the position is closed, there is no anxiety; and the reason for anxiety is the fear of position reversal traders need quick comfort 3, wishful thinking: traders do not want to control the risk of trading, nor do they want to be responsible for trading traders are not capable of accepting reality 4, annoyed after a loss: feel trapped by the market The trader is complacent about the success of a particular trade of wishful thinking, or asks the market to prove itself right, which can lead to losses.5. Trading with money they cannot afford to lose or with borrowed money: traders who take a trade as a last resort and want to succeed or are afraid of missing opportunities fall into this trap; traders who are undisciplined and greedy fall into this trap.6. Amortizing costs downward: traders Do not admit that the trade is a loss and want to return to the capital Such traders have high self-esteem 7. Impulsive trading: traders are easily excited, easily addicted, and like to gamble; such traders always make trades based on their intuition When there is no trading, such as on weekends, they are fidgety and they are obsessed with trading 8. Ecstatic after making money: traders like to be complacent and think they can control the market 9. Inability to add value to profits is very little: in this case, traders are not motivated to make money usually this is due to lack of self-confidence and other psychological reasons 10, do not comply with their own trading system traders do not believe that their system really works, or are not serious about doing tests maybe this trading system does not match your personality, maybe you need the excitement when trading, maybe you think you can not find a successful system 11. Overthinking and over-predicting trading results: Traders are afraid of losing money and making mistakes, and as a result, they can only be overwhelmed Perfectionists are prone to problems Perfectionists want to be sure of results, but sure results dont exist; he doesnt know that losses are part of trading; he doesnt know that the results are unknown; he doesnt accept risk; he doesnt accept unknown results 12. Incorrect trading volume: Traders dream that this trade will make money, thus ignoring the risk and the importance of money management Perhaps the trader does not want to be responsible for the risk or is too lazy to calculate the right trade volume 13. Overtrading: the trader wants to conquer the market The reason may be greed and the desire to take revenge on the market after a loss 14. Fear of trading: there is no trading system The trader is uneasy about the risk and the unknown outcome The trader is afraid of losing all the money and of being Perhaps the trader needs self-control and does not have confidence in the trading system or himself 15. impatience on non-trading days: because of the psychological effects of anger, fear and greed, the traders mood fluctuates traders are overly concerned about the results of trading and do not study the process of trading and related techniques traders are too concerned about money expectations are too high and unrealistic Conclusion: If you find yourself with some of these shortcomings. If you find yourself with some of these shortcomings, please change them as soon as possible. When you are testing a new method, you will encounter new problems from time to time. You have to identify these problems, face them and adjust accordingly.