Hello guys today we're going do a video about trading psychology the reason why trading psychology is important is because trading is a strenous activity when money is on the line, its hard to remain calm and think clearly so you need to follow some basic rules and principles when trading the main reason why traders fall short when trading is because of greed and fear those emotions are very difficult to handle the main problems greed is that people usually set unrealistic goals for example people want to become millionaires in a week or a month another problem with greed is that people usually traders usualy think in specific amounts so they feel that they need to make a specific amount of money per day and they don't stop until they make it sometimes they start losing and because they want to make this specific amount they keep on losing the third problem with greed is that most traders don't accept that in order to make money in this market you also have to lose some trades no successful trader wins one hundred percent of the time the main mistake that people make in this regard is when for example they go long in the market and the market starts falling instead of closing their position and accepting that they were wrong they start increasing their position's volume.That results in very high risk and often the kill half of their account this way let's talk about fear it's normal to respect the market because the market is fairly unpredictable but you mustn't be afraid of executing your game plan you must be afraid after entering the position that the market will go against you and you do some common mistake like lowering your take profit and never let it hit so you constantly getting less profits than you should be.
Another problem with fear is that traders are constantly second-guessing themselves so after after they enter their position they're always think that something is going to go wrong and before you enter the position you're always over analyzing because you're afraid no you need to just stick to your game plan and execute it. The main tools you have against the emotions oh greed and fear is discipline and a training system many books have been written on discipline and training systems but in order to make it easier for you we're going to cover some basic principles of discipline and and trading systems so let's talk about dicipline first.
The first rule about dicipline is that you have to accept that you cannot win all the time like we said before whenever you're losing however is only because of the market cTrader is an NDD STP platform and if we allow no price injections, no broker manipulation, no stop loss hunting, none of this sort. The second the second rule is that, like we said before don't add to your losing position unless it's a part of your system don't see that the market is going against your and you keep on increasing your volume cTrader accepts hedging so when you see that the market is going against you sometimes it's a better strategy to start raining on the other way instead of adding to your losing positions.
Third rule about discipline is that trading should not overexcite you. It's normal to feel excited about making money it's normal to be something that motivates you to become better but you should not feel any gold rush for any clouded thoughts or not be able to think clearly, which brings us to the fourth rule when you're training you need to think clearly you need to remain calm you need to be focused don't do technical analysis that is over complicated and you have what we call analysis paralysis don't look look at more information than you can handle, don't trade more symbols that you can handle don't trade more time frames are you can handle stick to whatever you're sure that you can handle in a calm and focused way the fifth rule is that you're not supposed to mess with your trading decisions after you enter your trade and don't be constantly second guessing yourself accept that the market is sometimes unpredictable and try to follow the market and follow your game plan.
Let's go to cTrader now I'm gonna show you what I mean and when you're supposed to stick to the rules if I trade long here because for example I'm I think that there's some point of resistance, I'm going to set my stop loss and take profit using chart trading at technical levels, below the previous low of the swing and on a take profit level that I am confortable I will reach and I will not mess with my stop loss and take profit the next rule is that you're supposed to move on after losing a trade if you feel that you can not stop thinking about a trade that you lost you need to stop trading you need to be concentrated and clear headed when trading so you don't need to cover anything just let it go and move on.
The next tool at your disposal is your training system we already did a video about trading systems so you can go and check that out I wanna show you cTrader how do you maintain your disciplining your trading system. Feature we have in cTrader is cBots, now you can run your robots in cTrader what you can do even if you're a manual trader is program your entry and exit rules in a robot and attach them to your chart. Now when you want to enter the market you can just press play and you will enter with your pre determined rules. Next feature I want to show you in this regard is quicktrade excecution settings. You can set your quicktrade execution settings for every time you enter the market for your stop loss in your take profit and this way you will maintain your discipline and after you set them up you're not going to mess with them again you see they are already pre set the final feature is advanced take profit advanced protection this way you can set multiple take profit take profit levels for your positions or you can set a trailing stop or you can set a break-even point so after you enter your position you can set up whatever you want you can click apply and you will maintain your discipline in your trading system a good rule about your trading system is try not to work on your trading system while you're trading when your trading you're executing our strategy your don't want to be second-guessing yourself or be second guessing your trading system when you stop trading and you are calm or on the weekends you can work on your trading systems try to keep a one to one risk to reward ratio as we talked in the previous viudeo, The final rule about trading systms is that you have to trade more the more you trade the less significant its trade becomes so when your trading you don't feel anxious about the particular trade or what's going to happen you remain calm and you don't really care about the specific trade , it's all the trades that matter.
So this concludes our presentation about trading psychology on the next video we are going to talk about advanced risk management so thanks for watching the No .
Trading Psycholody, forex psychology, forex trading, learn to trade forex, forex for begginers, forex for dummies, forex trading strategies, trade forex, trade stocks, forex rates, forex market, forex technical analysis, forex trading system, forex trading psychology, forex strategies, technical analysis, fx trading, learn forex, fx trading basics, scalping forex, scalping strategy, day trading, yt:cc=on, forex webinar, metatrader, mt4, ctrader review
Nenhum comentário:
Postar um comentário