Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Things that damage Psychology

Things that damage Psychology in Forex Education_68922e7c602bf

Things that damage Psychology

Discussion started on Forex Education

Print
Pages: 1 ... 38 39 [40] 41 42 ... 81   Go Down

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
psychological settings when we carry out execution are very important when we have made a profit psychologically we have to stop besides that when we also experience a loss We also have to stop when our position is hit by a stop loss Don't open a position again
#586 - November 06, 2023, 02:05:18 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
You are obliged to use psychology when you open a position. Because after all, using psychology when we open a position will make us more careful. When we fail, we replace it. When we use an open position, we have to use a stop loss.
#587 - November 07, 2023, 02:18:50 AM

fxVirtuoso7

  • Full Member
  • Posts: 196
  • Points: 698
  • Likes Received: 12
  • Reputation: +6/-1
If you look up of this video https://insights.primecodex.com/the-7-psychological-challenges-in-trading/ , here are some things that damage our psychology:
1. Greed
2. FOMO
3. Fear of loss
4. Overconfidence
5. Losing motivation
6. Procrastinating
7. Impulsive actions

And maybe more.


From those 7, I think I experienced it all hahaha.

#588 - November 07, 2023, 06:50:57 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In my opinion, it is very important to always use psychology when we do analysis or make entry points because I think many people fail because when they fail, when they lose, they don't stop, so they can't use realistic targets and are always emotional when floating minus.
#589 - November 08, 2023, 01:53:38 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The use of psychology is very important, especially when you are analyzing because when you analyze well you can definitely get big profits and of course you focus on always getting optimal results.
#590 - November 09, 2023, 02:03:03 AM

Sponsored

Things that damage Psychology in Forex Education_6803a6c52eb12
#591 - Today at 02:13:44 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In my opinion, here it is important to use psychology, especially when we carry out trading activities, when we are hit by a stop loss, we must stop using small risks with big targets. When you have lost, don't take revenge.
#591 - November 10, 2023, 01:24:59 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The use of psychology when we open a position is very necessary. Especially when we fail, when we fail we have to stop because it is a momentum for us to evaluate well.
#592 - November 11, 2023, 01:24:26 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
It's important to manage your psychology when you make an effort. Opening a position is the right action because when you don't use psychology you definitely won't accept it when you fail or you lose.
#593 - November 12, 2023, 04:33:52 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
We are taught to be able to use mature psychology when we carry out trading activities because with mature psychology we are able to restrain ourselves from various negative things.
#594 - November 13, 2023, 02:29:54 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
whatever you do, you must use psychology. Especially when you carry out trading activities, when you lose, you should stop. When you win according to your target, you must stop. When you fail and want to use martingale, you must also use psychology and management is all about psychology.
#595 - November 14, 2023, 03:10:47 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
to always use psychology well when we use psychology with trading, we will always continue to use our emotions stably when we open a position and we fail, we feel normal when we win, we are also not too euphoric, that is a good understanding of psychology
#596 - November 15, 2023, 02:04:48 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
It is very important for us to master psychology so that we are organized in carrying out trading activities. After we use psychology, when we fail, we will not get emotional when we fail. We will stop when we make a profit according to the target. We will also stop so that everything will be orderly.
#597 - November 16, 2023, 05:39:12 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
we are obliged to use psychology because after all when we open a position we have to know how to use psychology well and we have to know that when we fail we have to stop because it is to protect our account
#598 - November 17, 2023, 03:49:44 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The use of psychology will certainly be very important because when you use psychology you will not be greedy and will not be willing to deliberately lose your capital. If you fail, you will definitely stop for a moment and make improvements. You will not be able to do things that make money. is lost.
#599 - November 18, 2023, 03:13:51 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
one of the main keys when we trade is psychology. When we use psychology well, we will be calm when trading, both for analysis and for opening positions. We definitely won't get emotional. We will definitely follow the rules of the system we use.
#600 - November 19, 2023, 03:53:04 AM
Print
Pages: 1 ... 38 39 [40] 41 42 ... 81   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Things that damage Psychology

Members:

0 Members and 2 Guests are viewing this topic.


Things that damage Psychology in Forex Education_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity:


Kraken Crypto Trading