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Trading Psychology

Common (Psychological) Trading Mistakes

Introduction In this chapter, we will take a look at some common trading mistakes. In some ways all of these fall under psychology in one way or another. More important than the psychology behind these blunders though, is simply being aware of them, and then avoiding them. With that said let’s get started with four common trading don’ts. If you have already made any of the following mistakes, it’s very likely that you already know how destructive they can be.

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June 23, 2022
Trading Psychology

The Psychology behind Motivation

Introduction Obviously, since you are reading this book, you either trade Forex or are considering becoming a trader. At this point, it doesn’t really matter if you’re trading full-time, or just considering it as a way to supplement your current income. What is important is that you understand your own reasons for trading in the first place, and more importantly, understand what will motivate you to find success. There are two reasons why this information should be important to you.

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June 22, 2022
Trading Psychology

Trading Psychology 101

Why Trading Psychology? When it comes to any type of trading the way we think, when making an investment decision, is important to understand. Simply knowing yourself well enough to understand your motivators, emotions, and decision making processes is important to being successful. The simplest way to learn your habits is with a brief look at the psychology behind the trade. Now we aren’t really talking about Freudian concepts that are mind-numbing and complex. We won’t be covering psychological jargon

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June 17, 2022