You may not have given it much thought before, but do you know psychology plays a big role in the way you trade?
It has a major influence on the trading decisions you make.
So what exactly is trader psychology? And how can it influence your trading?
Read on to find out…
What is trader psychology?
Trader psychology is the effect of your emotions and personal outlook on life on y... ››› more
Psychology and behaviour have such a big impact on the way you invest and trade.
Overcoming these emotions is one way to help yourself become a better trader and, more importantly, more successful.
So what can you do?
Read on to find out…
Never forget why you’re trading
If you’re new to trading, you may be excited at the beginning, but after a while some doubt starts to cr... ››› more
Once you've conducted your analysis and pinpointed the forex trade you're going to put on, there's one more thing you should check.
You need to see if there's any important economic data due out. Certain data can have a large impact on the forex market. And this could cause your trade to react in a very different way to what you expect.
So what sort of economic events should you look out for... ››› more
Greed is the most obvious emotion that can enter a trader's mind. Make sure you don't fall into these two ‘greed traps'. It could be costly…
Greed is a strange animal. It leads you to make rash decisions and abandon careful thought and consideration.
It pushes you to buy the overheated stock in the market just before the price crashes back to earth.
Two investment ‘greed traps’
... ››› more
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