Psychology in trading

[Tobi]

It's a good article, very useful. I also think that psychology in trading is very important. Sometimes it is difficult for a trader to understand why he is unsuccessful, although it seems that he trades according to instructions. That's when it's time to turn to psychology to find out the real reason for the failures. Actually, it is more and more difficult than it seems, because most often - the traders themselves are the reason for their own failures. That's why you can find so many materials on the Internet about the psychology of a trader.

 

[monster_masterpiece]

Especially if he makes trades because he has some urgent expenses and not longer time strategy of income.

 

[kit_hung]

Absolutely. Your comments have touched on a very important point in market trading. Many people see trading as a matter of strategy and chart analysis alone, but in reality, psychology is the foundation of long-term success.

As you said, it is easy for a trader to follow all the rules and instructions, but still fail. This happens because human emotions such as fear, greed, and optimism influence their decisions. Even if the trading plan is good, the fear of losing can cause a trader to cut losses too soon, or the greed of making big profits can cause him to abandon his plan and change his decisions suddenly.