This is 3 more common behavorial mistake while trading forex.
4. FEAR-
During trading ,there is time when we loss continously and we just have
no idea how to do it and recover anymore.There is fear in our stomach,
even to enter new position.We are just fear thats we will lose again and
never make it until we lose everything.
Fight this FEAR to be in control of your trading.At first it seem very difficult,
Over the time ,the fear is just fade away.
What we need is practice and practice to face it and consolidate
yourself after losing by forget forex trading for a while.
Come back after you re fully re-charge.Fear is only parts of this game.
5. RESET-
Reset yourself after whether you are after winning or losing.
After winning, don't quickly jump into new post just to get some more to win.
The possibility is you will misjudged the market condition and turn into losing.
After losing streak, close the terminal and go away from the screen
and do some things else.
This will increase our trading morale and judgement ability.
If we push ourself to recover account quickly,this will lead to REVENGE.
Go RESET yourself first and relax!!!!
6. REVENGE-
6. REVENGE-
Revenge is forex trader common enemy.
Usually happen after we lose some or big money.
We try to revenge the market and get our money back.
At the end we get 'margin call' and just lose everthing.Now,who is winning?
The market is..
Because we try to revenge the market,it will punish you just like that.
There is no regret in it ever.Just don't revenge this 'monster'.
That's all said for now.See later.
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