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    Thread: culled from my book title understanding psychology in forex trading

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      Default culled from my book title understanding psychology in forex trading

      Why is it that after consecutive losses traders develops apathy for Forex market? Why is it that after certain level of confidence is attained, trader still experience loss with many traders quitting ** trading permanently, appropriate response will be I think everything boils down to lack of understand of psychology in the forex market, which more often than not will lead to loss, and then apathy

      Psychology as a science will help us understand, control and predict effect of certain behavior in the forex market.
      Behavior is an action which can be seen and observed, part of which is external stimulation example trade phenomenon


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      Talking of forex psychology i guess that shouldbe for the big guns after so much experience with the markets and this take time but for newbies we should rather concentrate on emotion control which is a part of psychology itself.


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      Well, this is not something that is not easy to achieve but i will to iterate something that no matter the strategy you adopt, please always learn the long term approacgh cos that is the only way you will out smart the market.


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      psychological factors that we often use in forex trading that we would seek some recognition in us during trading and to identify factors that often make us fail other than that we also need to know one by one so that more and more control of our emotions. so long as we are trading a lot more factors that support us.


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      yes there is always an underlining psychology in the trading market and its something that we all need to understand if we must start to make money from this business because if you do not understand the psychology you may not be able to make any meaningful impact from this business.


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      Quote Originally Posted by forexdetonator View Post
      Why is it that after consecutive losses traders develops apathy for Forex market? Why is it that after certain level of confidence is attained, trader still experience loss with many traders quitting ** trading permanently, appropriate response will be I think everything boils down to lack of understand of psychology in the forex market, which more often than not will lead to loss, and then apathy

      Psychology as a science will help us understand, control and predict effect of certain behavior in the forex market.
      Behavior is an action which can be seen and observed, part of which is external stimulation example trade phenomenon
      Yes, I agree with you about that matter. I think when a trader experienced too many failure he can collapse due to mounting disappointment.
      However, on the other side you can build a strong mental state if you can overcome that big wall.
      Traders don't know the future that is why traders need market scenarios.


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