Yes it is true that our mind is the only enemy for us in trading, if we are able to control and guide our mind then we will be able to make profit here. Most of the loss occurs due to our mistake and we start blaming others.
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Yes it is true that our mind is the only enemy for us in trading, if we are able to control and guide our mind then we will be able to make profit here. Most of the loss occurs due to our mistake and we start blaming others.
In the forex trading we are enemy of ourself if we do not follow the golden rules of the trading. It is responsible for the loss. So it is not good to blame the forex market or anyone for that loss. Just keep in mind that you have to trade according to the rules otherwise it will be very difficult to make gain from forex.
Yes, it is very important for us to control ourselves before going for the trade. We all know that we are bounded by certain emotions, which will always hamper our trade. So to be better trader, we need to be able to control our emotions like greed, fear, anxiety and so on. We all can't risk our money. The true key to become successful trader is to understand ourselves, control ourselves for any kind of situations in the trade.
In terms of our emotions in forex currency trading, we already know that it disturbs our trading decisions in a very bad way. That is why it is important that we traders in forex understand this and help ourselves by finding strategies that wil aid us in controlling our emotions.
really should be trading with a head cold or fresh if you're no burden, there is a problem, or not in the mood should not be trading because it will affect your trading and will most likely LOSS.