- Build self-confidence in your trading philosophy, trading plan and trading system to better help you execute every trade. Avoid rushing out to avoid taking profits, and avoid being reluctant to stop losses when you make mistakes.
- Pay attention to the process, conduct sufficient analysis and research before the transaction, formulate a strict transaction plan, stick to the plan during the transaction execution process, and do not pay too much attention to the results. Whether it’s a profit or a loss, we should take it calmly because that’s part of the deal. Any trade should be executed strictly according to your own plan, even a loss is a good trade
- Neither modest nor arrogant. Don’t be ecstatic about being consistently profitable, and don’t complain about being consistently losing money. In Forex trading , any situation is normal, what matters is how we handle each situation. As long as we are still trading, we should learn from every win and lose and keep improving.
- Learn to tolerate stress. Under the high pressure of trading, we still have to live a normal life. After all, the purpose of trading is to give us more freedom to live the life we ​​want. We should not allow ourselves to be bound by deals, let alone be overwhelmed by deals that affect family and friends.
How To Manage Forex Trading Mentality
