Thursday, 29 March 2018

Forex Psychology IV



Greed

This is the leader of feeling in trading. It is important to follow the chosen strategy and close the deals when the price reaches the specified level, but this is not really that easy. Seeing the profit, the sense of satisfaction goes into greed. By itself, trade is a process of making money, which naturally provokes trader greed, and that is why it is not easy to fight it. The way to achieve this is only through patience.

Euphoria

This is one of the most treacherous emotional states when talking about forex psychology. It is a phenomenon that generally is considered to be a positive emotion in life. If the order develops positively and even more when it ends with profit, the investor does not need to immediately attack the market again, enthusiastic about the sense of infallibility. Euphoria blurres the mind, making it difficult to take adequate and objective decision-making solutions. It should not be forgotten that even the "most secure" order can be reversed. No one is so great as to overpower the market continuously. No one is greater than the market.



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