Determinants of Trading Success

Forex trading is a currency trading investment from many different countries. Trading forex is also one of the most interesting ways to make money. Therefore, many traders experience psychological disorders such as fear, greed and regret from every decision they make. There are 3 pillars in trading, namely 3 M (Method, Money, and Mind). A successful trader must have all three. But in forex trading, the most difficult thing is to control the emotions that are dominant in the trader's mind. Because this can affect the decisions taken when trading.

Many traders whose trading is controlled by emotions, such as rushing to exit trades even though they haven't reached maximum profit, or allowing losing trades to linger until they can't be controlled anymore. That is why traders must also learn about trading psychology so that they can better control their emotions. Stable trading psychology is needed, namely in order to be able to properly follow the rules of the trading system and risk management system that is being used.

Traders must be able to control their emotions more, and not affect them psychologically when trading. No matter how smart a trader is, he will still lose if he is emotionally unstable. This is caused by confusing market movements, and of course it will make it easy for traders to feel confused about making the right decisions in the market.

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