How to deal with psychological pressure?
When reading information about trading tools and trading strategies in the Forex market, many do not pay attention to psychological issues and Money Management, which, in turn, are no less important components of profitable trading. And if data on the financial side of trading in the currency market is available almost everywhere and everywhere (online seminars, specialized sites, programs and thematic magazines), then for some reason little is said about the psychology of a trader, and it is possible to find articles on this topic in the public domain problematic.
Few people realize that the main reason for a beginner’s losses is not so much ignorance of the market as inability to control their emotions and maintain a certain discipline. And to say that such emotional traders, who, by the way, can be very savvy in financial and economic matters, have become successful, is not at all necessary! An abyss of emotions captures them, as a result of which they crash in the Forex market, losing their invested money. Control over oneself, one’s own feelings and emotions – this is what many newcomers to Internet trading lack.
Why do people start trading currencies on the Internet at all? Most likely, most of the answers will be related to the desire to make a profit. Psychologists have been talking about the fact that money affects our emotional state for a long time. If you make a profit, you are happy, and if you lose, you are upset. But is it worth it to be so emotionally dependent on money? When do you think the trade will go better: if you are optimistic, or if discouraged by something? Have you ever wondered which emotion management method is the best?
We are ready to answer these questions for you. In a good mood, you yourself will notice that your trade is doing better. But at the same time, you should not let your feelings get out of control anyway. After all, the best way to always be successful is to be able to control yourself in any situation. When you trade, try to abstract yourself from the outside world. let the price movement not affect your mood. The market never stands and will never stand still. You will always notice situations that are more beneficial or unfavorable for you at all. Try to evaluate everything that happens in the foreign exchange market from the standpoint of logic, not feelings.
Don’t believe those who say that emotions cannot be ruled out when making decisions. Our mood, like emotions and feelings, are in our hands and depend solely on ourselves. A real successful trader is like a robot that, starting the next trading session, turns without an emotional machine. He is driven only by cold calculation and reason. And after he completed all the transactions, and they brought him a profit, he again turns into himself and can share the joy with his family and friends.
Remember that self-control is the main reason for your success, not a quality broker. After all, he only carries out your instructions, and they were given by you in a state of heightened emotionality or in a calm state, for this he is not responsible.