Trading psychology might sound like a made-up term, but it’s a very real thing. The stock market may not have emotions, but you, as a person, do. And it’s key to understand that emotions can have a very real impact on how the market — and individual stocks — move. If you want a long-term career as a trader, you need to learn to stay calm during trades and avoid emotional mistakes. So how do you keep your emotions in check so that you can better approach trades? You need to cultivate the right mindset.
Be prepared for the psychological, for trading, it is very important that your result will depend on this.
psychology is a big deal in Forex trading , there is no difference between demo and live but people think there is. its all about psychology , nothing without it.
I agree. When we trade forex, we go through a journey of multiple emotions which might hinder our performance. Hence we should try to build a strong mindset.
Forex trading with emotions will give you nothing except loss, being influenced by others or trading with an anxious mind can always put you in risks. Therefore, It is beneficial for traders to keep their emotions out and patience in.
The psychological moment in trading is quite significant and directly affects the result, because when our emotions cannot be controlled, we make mistakes.