Psychology

A trading psychology, it is based on how well you know yourself and are able to gain from your strong points, as well as to have power over you weak ones, has much to do with how successful trader you will be. When you really know yourself, then you are familiar of how you are going to react under specific circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade.The overlapping of psychology and trading is complex. Psychological factors, such as execution of an action with overwhelming sense of apprehension and fear, can interfere with clear-headed decision-making about markets. Many traders put their money at risk without a explainable edge. It is difficult to imagine such kind of trading *not* originate frustration over time. Other traders lock themselves in solid methods, but these may not be accepted with their talents, personalities or skills.