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Forex question Is It Possible To Learn About Trading Psychology?
avatar Reyniel
Question by: Reyniel - 18 Feb 2017, 00:03:25
Is It Possible To Learn About Trading Psychology?
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Answers (1)
avatar user 11926
Answer by: JustinJones - 18 Feb 2017, 00:06:59

I am not sure whether this will help you and sorry in advance if it doesn't..... When trading I advise all traders to write notes about exactly how they are feeling throughout the trading day. You would start by noting down how you feel pre trading, then when you open the charts, when you are in a trade, after the trade is closed and then finally after the trading day finishes. Most people think this is long winded and that they do not have time to write all that whilst trading. For me Psychology is the most important aspect of trading so this is worth the time invested. If you have a good strategy it should bring about good performance. Most cannot follow the plan because of their emotions but are unaware of this. They think it is their trade plan at fault and search for the next holy grail. By writing out the emotions you experience you can start to really learn more about yourself and at what point you were not in control of them. I do not profess to able to teach you on Psychology and the books I can recommend you have probably already read but I do know that the more information you have about yourself the better. From your findings you might be able to figure things out yourself or if you do see a coach then I can assure you they will appreciate the notes you have made.

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