We need psychology aspect in trading forex

rizki — Mon, 06 Apr 2009 05:16:01 +0000

Must be approved doing an forex trading it easy-easy to difficult. The cause is a lack of knowledge of both fundamental analysis,technical input, and also the important poin is how to control ourselves in forex trading because of that we need psychoogy aspect to control our mentals conditions. Actually what kinds of psychology aspect can influences our conditions, such as :
a) greedy
Why be greedy important points that can affect our trading forex?
because as a beginner is usually easy affect that results from forex trading is very convincing, so that we have mind that we will get results and a more satisfactory. In such circumstances consideration be logical and analytical mind as we met with the desire to obtain a fortune as big as.
How to avoid this think ?….maybe here’s some ways :
* loyal with your forex, this will make you more dicipline
* have an surement that not all price movements that result in good profit
* have some target (low target), and if you get your target close your platform and don’t fullfill your ambisions to get more
* stop thingking your next profit when you sleep
b) Reveange
Why reveange important points that can affect our trading forex?
cause they have been exposed to ideas that they must first request the capital and he must some how reach the BEP in a short time and quickly
How to avoid this think ?….maybe here’s some ways :
* realize what we lack of in loss
* passion if our loss same with our profit
* wait chance that we will back to the market
* prepare yourself later if we lose in the loss
c) Doubt or scared
Why doubt or scared important points that can affect our trading forex?
if we feels doubt so don’t take a chance to this market because in this forex trading need some bravement to win and lose.
How to avoid this think ?….maybe here’s some ways :
* think simple, because this is useful for you, don’t over analysis
* learn more about your ability to analyze something
* don’t you feel sorry what happens
* remember to insert “stop loss” in your minds
That’s three things that can influence your minds in doing forex trading. A proffesional trading have ability to manage their mental and emotions. They who failed in this business usually follow their psychology aspect without considering what would they get if they follow it. Now if you have a bad habbit in your daily life you must manage it suppose your habbit not influence your attitudes. Beside that in doing forex trading you should knowing the “trader disease” suppose you ot being trap inside. Therefore, we need an educational information that can help us learn forex world and comparable with many other technical aspects in trading, including in technical analysis, fundamental aspects and also psychology aspects.

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We need psychology aspect in trading forex