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HomeFOREXHow to manage foreign exchange trading mentality

How to manage foreign exchange trading mentality

1. Build confidence in your trading philosophy, trading plan, and trading system to better help you execute each trade.

Avoid leaving in a hurry to avoid making a profit, and avoid being reluctant to cut your losses if you make a mistake.

2. Pay attention to the process, conduct sufficient analysis and research before trading, make a strict trading plan, stick to the plan during the execution of the trade, and don’t focus too much on the results.

Whether it’s a profit or a loss, we should take it calmly, because it’s part of the deal.

Any trade should be executed strictly according to its plan, even if it is a loss, it is a good trade 3.

Neither modest nor arrogant.

Don’t be overjoyed by continued profits, and don’t complain about continued losses.

In China, any situation is normal and what matters is how we handle each situation.

As long as we are trading, we should learn from every win or loss and keep improving.

4. Learn to handle stress.

Under the stress of trading, we still have to live a normal life.

After all, the point of trading is to give us more freedom to live the life we want.

We should not allow ourselves to be tied down by trading, let alone overwhelmed by trading, affecting family and friends.

Inflation data bolstered interest rate hike bets and the euro hit a near one-month high against the dollar.

Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.