Forex Trading Psychology and Risk Control Management : Trade and Grow Like an Investor by Emily Dhruv
English | 2022 | ISBN: N/A | ASIN: B0B7FNN4TD | 52 pages | EPUB | 0.23 Mb
Trading Psychology and Risk Control Management outline the emotional component of a traders decision-making process which may help to understand why some decisions appear more rational than others.
Forex trading psychology and risk Control management is one of the most important aspects of trading that can have a massive impact on how people conduct their trading positions. In fact, trading psychology is no less important than trading knowledge/experience or regularly following market developments.
Forex Trading psychology and risk Control management is characterized primarily as the influence of both greed and fear. Greed drives decisions that appear to be too risky.
Trading psychology and risk management are key features in the makeup of a successful forex traders, When trading Forex, commodities or stocks, it is often trading psychology, rather than a lack of academic knowledge or skill in application, that is considered to be the primary originator of mistakes.
Such errors are constantly repeated by financial traders of various backgrounds, which suggests that it is the common traits shared among us as humans that lie at the very heart of those mistakes.
Forex Trading psychology and risk Control management explains steps and guidelines to successfully manage our fear and uncertainties while maintaining a clear mind when trading in any market.
My name is Emily Dhruv and I am a full-time Forex Trader. I first became interested in the Forex markets back in 1998
It wasn't easy at first my problem was, I listened to too many so called 'gurus' and got caught up in all the hype. Always thinking they were smarter than me as their systems were very complex, and therefore must be better than anything I could come up with.
So for a few years, I bounced around different systems, blowing accounts and generally giving back any profits I had managed to obtain. There were both good times and bad times. But I never gave up.
I became smarter with my money management, got out of the day trading habit and generally simplified my trading methods so they were easy to implement.
These days, I make a living from trading Forex. I can live anywhere in the world I choose, as long as I have internet access.
I love trading Forex and I see it as having a huge potential to make some serious income that is, when you follow a proper risk management management system.
It is not as easy as some would make you believe, but if you keep it simple, control your money management, and be patient, disciplined and consistent, then there is no reason that you too shouldn't succeed in the world of Forex trading or trading as a whole.
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