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Nairaland Forum / Nairaland / General / Investment / 3 Bad Trading Psychology You Should Stay Away From (227 Views)
How To Develop A Daily Trading Routine – Trading Psychology / 5 Reasons Why You Should Stay Away From Ponzi Schemes. / 3 Bad Investing Habits You Should Drop Before It’s Too Late (2) (3) (4)
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3 Bad Trading Psychology You Should Stay Away From by jukekeocha: 6:48pm On Jun 29, 2020 |
In this article i will be taking you on some common and mostly uncommon trading psychology barriers that lead you to losing money. 1. Greed This big guy is the most common form of bad trading psychology given that most people jump into the FOREX MARKET and expect to turn $10 to $100k under a week its no surprise. Greed makes you over leverage and use lot sizes that are bigger than your account and at the end you blow your first account due to greed. Greed makes you take trades that aren't there How do you defeat greed? Easy - Have an abundance mindset $5.1 trillion exchange hands in the market everyday. There are thousands of opportunities what this means is, that there are endless opportunities for you to make money by following the market you don't have to die on that 1 trade. You can make 500$ and above on one good trade (depending on your lot sizing in relation to your account size) there is no need to rush it. 2. Fear This guy is the most common devil that...................................... Continue reading 3 Bad Trading Psychology You Should Stay Away From Join us on telegram for more updates |
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