Hope
Another deceptive emotional state. While real-life hope is one of the most
positive gestures, a life-saving situation, even when it comes to forex
psychology, it has no place. The more you look at the market, the more
impartial your assessment will be. In every open order there is hope that it
will end favorably.
But the market is not excited by hidden hopes, it is driven by inexorable laws.
The only way to isolate feelings when deciding to open an order is to be tailored to the trader's
abilities. You should not gamble on amounts that can not be risked and rely on
"secure" entry setup.
Fear, uncertainty, addiction, greed, euphoria -
all emotional states
that can be related to the discipline of Forex
psychology. What unites them is their negative impact on objectivity in forex
trading. The excited, enthusiastic, insecure, dependent trader does not
perceive the market adequately. His decisions are not the result of an
impartial analysis of the situation, but are heavily influenced by the emotion
that is currently in the hands of him. Many forex traders believe that the ideal
option is to completely overcome emotions. Unfortunately, this is bound to the
impossibility.
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