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In my last article,we discuss about greed and how it affect our trading decision,i receive some feedback and questions which will be treated in this edition as we continue to undo the enemies of trading successfully.
We’ll now shift towards “Fear and Hope”, another psychological trait which leads to making common mistakes. Fear always leads to illogical actions and hasty decisions which in turn cause detriment to traders.Just as the trader can become overwhelmed with greed, the same can happen with fear ("an unpleasant, often strong emotion, of anticipation or awareness of danger").
We all know that the market has its own cycle going up and down. The underlying reason why the cycle works is human fear that leads to the next cycle in market psychology. Traders become over-confident at the stage of Euphoria and aim at satisfying their fourth need without thinking logically, which can lead to losses and fear. Nevertheless, in the second market cycle fear becomes productive and the trader gets paid. Hence, it is good to have fear of market conditions, which keeps you alert while taking any trading decision, but at the same time too much fear can ruin the trading practice.
Fear in tra…
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Lanka_Svetlanka avatar

Great article!

Helena_Prekrasnaj avatar

Yes, we must be careful)) with the "hope"

ptcdirectory avatar

nice

Chilli avatar
Chilli 17 Feb.

it's very good article like part A, essential for beginners, but also interesting for all traders

tsutsu avatar
tsutsu 27 Feb.

good

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I have been trading for almost 10 years now,I have the ups and down moment,learn so many technical technique and analysis method,but I must say the most important thing in trading is the TRADER STATE OF MIND,this is my first article thus I talk about controlling the friend and at the same time the enemy of successful day trading. As a day trader,you make decision frequently mostly base on technical and fundamental issues, There is an old saying that the market is driven by just two emotions: fear and greed. Although this is an oversimplification, it can often be true. Succumbing to these emotions can have a profound and detrimental effect on investors' portfolios,stock market and forex market, , it is as important to understand the influence of fear and greed on the forex market. There are countless books and various courses devoted to this topic. Here my goal is to demonstrate what happens when a trader gets overwhelmed by one or both of these emotions.
Let me start from this golden words of the Oracle himself
GREED So often, investors get caught up in greed (excessive desire). After all, most of us have a desire to acquire as much wealth as possible in the shortest amount of tim…
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Lanka_Svetlanka avatar

That is very good!

Helena_Prekrasnaj avatar

the perfect recipe for the treatment of the trader))

ptcdirectory avatar

nice

Chilli avatar
Chilli 17 Feb.

very good - psychology and emotions decide about success or failure

adigunolluwaseun600 avatar

yes ,has the saying trading is 90 percent phsycological and 10 percent technique

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