How to Control Yourself When Trading

In carrying out forex trading activities, there are two types of psychological characteristics that quite influence a trader, namely worry and greed. Self-control when trading is really needed. As long as you are still in the process of learning or practicing trading, don't just learn about the basic material of understanding forex, but also learn about forex psychology. Traders will learn to be a good trader, how to control emotions and the right attitude when a successful trader or fails. Here's how to control yourself when trading:

Controlling the Emotions of Greed with Emotion Mapping

If you want to control a trader's emotions, do emotional mapping, which means knowing in advance what makes a trader emotional. Usually the emotional elements that arise when trading is fear, greed and excessive pride. For example, fear will occur when traders do not have the confidence to be successful and will be afraid if the money that traders spend to buy currencies as trading capital just disappears. Then, greed that can make a person's eyes dark. Traders just think big profits in any way and get them fast. It is this greed that will destroy and frustrate traders in trading. Forex trading is selling and buying currencies from different countries. If you get a big profit, of course there will be a sense of pride. But if it is too much, it will also cause traders to underestimate trading strategies and systems.

Building Confidence When Trading

This trust will be a source of courage for traders to trade, not only courage in opening positions, but also courage in making decisions even when waiting. Without confidence, traders will not perform optimally. In building self-confidence, traders must be able to prepare themselves in any way that is of course in accordance with the applicable rules.


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