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Applied psychology to operate in the Forex

Insurances

03.07.2018 a las 23:50 hs 0 0 0





One of the most important aspects to effectively develop in trading is to apply the right strategies. However, many people are unaware that it is also imminent to pay attention to the psychological side when dealing with the world of the foreign exchange market. Also, the psychology of trading, coupled with risk management, is part of the "skeleton" on which every professional trader bases its success. In addition, investors who have failed to control stress due to system variations have not been able to survive as traders over an extended period of time, regardless of their analytical skills. One of the most important aspects to effectively develop in trading is to apply the right strategies. However, many people are unaware that it is also imminent to pay attention to the psychological side when dealing with the world of the foreign exchange market.






Also, the psychology of trading, coupled with risk management, is part of the "skeleton" on which every professional trader bases its success. In addition, investors who have failed to control stress due to system variations have not been able to survive as traders over an extended period of time, regardless of their analytical skills.



The first thing to know is that every trader must make decisions based on objective strategies that help him eliminate any possibility of emotions interfering. Among them, greed and fear vary; In addition, their effects could be deadly because they make the person take wrong decisions. What describes a professional trader is the fact that he can emotionally detach himself from his transactions and accept losses. In this sense, emotional balance will be the key to operate disciplined.

For all those "workaholic", perhaps this point is more difficult, but it is also imminent to survive in the field of currencies. When a trader has had a losing streak that he considers important, it is advisable to take a rest time, as fear and greed could dominate his strategy and push decisions based on emotions. To do this you must understand that not all the transactions that are going to be produced will be beneficial. The trader must be prepared psychologically to take these risks that he must manage properly; And overcome the losses without disturbing themselves by resting. This is one of the recommendations that most successful traders have been able to implement.

What are the benefits of a break?

Well, as has been demonstrated before, staying for a while without visualizing the market helps to clarify the mind and may prove to be the best solution. However, if it is decided to continue operating by presenting a complicated market condition, this could generate not only monetary losses but also undermine the person's psychological health; What the future poses a danger.

Finally, it is recommended that every trader recognize the losses rather than continue to confront them. It is important to recognize not only the advantages of developing in the currency and transactions market, but also to understand what the risks are and how to deal with them in order to continue in a period of time without having to present major problems.

In addition, it must be recognized that every trader may apply appropriate monetary management strategies that can facilitate the overcoming of any loss streak. This is why experts emphasize using a risk-benefit relationship in their operations of 2:1, as well as not venturing to risk more than 2% of capital in a single transaction and thus maintain possible losses at an acceptable level.





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