Forex Psychology

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Top 7 psychological tips for successful work

 

Forex can be compared with one of the sports, and the trader, respectively, with the athlete who aims to achieve the highest results. In the Forex market, it is necessary to carry out a competent analysis and choose the right strategy. Over time, however, this is not enough – we have to attract additional investment, learn to contain ourselves from falls and avoid mental overload.

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List of controversial investment theories

 

There are many theories explaining the bursts and general market movements. Wall Street is divided into two large groups – supporters of the theory of market efficiency and its opponents, who believe that the market can be won. Of course, this is the most striking example of controversy, but there are many other theories that try to explain the market and influence it through investors.

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Forex Trader’s Psychological Diary

 

As it is known, success in exchange trading largely depends on the psychological state of the trader. Therefore, many books and workshops are devoted to the psychology of trade. According to statistics, any profitable system depends on 80% of the personal features of the speculator, and only 20% of the rules and conditions of trading operations.

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The victim’s psychology on Forex

 

In order to succeed in any endeavor, it is necessary to choose the right approach to the organization of the case. This also applies to exchange trading at the Forex market. There are no trifles in currency trading. Beginner speculators usually do not take this into account, resulting in serious losses and rapid exit from the market.

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Principles of successful trading

 

At first glance, trading in the financial markets is something mystical, because there is no specific formula for success. The market for a trader – like an ocean for a surfer – requires talent, balancing skills, patience, proper equipment and attention to events. Trading on the Forex market without proper training is tantamount to bathing in shark-infested bubbling water.