tailieunhanh - Forex on Five Hours a Week: How to Make Money Trading on Your Own Time _7

Tham khảo tài liệu 'forex on five hours a week: how to make money trading on your own time _7', tài chính - ngân hàng, đầu tư chứng khoán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | CHAPTER 9 Trading Psychology Know when to recognize if your opponent is likely to beat the stuffing out of you 2006 . The Forex Market. All Rights Reserved. I ve talked about psychology mainly in my live webinars and presentations because I ve always felt that I need that feedback from traders new and experienced to bring out these issues and memories and experiences. There s nothing like looking out into a group of traders and tell a story and see the heads nodding or the smiles or the frowns from a shared experience. The details may change but the story itself is basically the same. Trading psychology cannot be handed down through stories and techniques alone. You have to live it and have gone 117 118 FOREX ON FIVE HOURS A WEEK through it. It has to be from the trenches. I can think of only a few rare instances that I have written about psychology. Mainly my experiences are shared with my sister who has a . in psychology and she s my sounding board. She s able to dissect what I am telling her and give me insight into what I am too immersed in to see for myself. My sister is the one that got me to begin differentiating between internal psychology and external market psychology. Unlike many trading psychology discussions where it s only what I am feeling or thinking here is where I ll break it down into mistakes in psychology based on the market environment and discuss the bigger picture overall market psychology and our place as individual traders within this wide scope. Your order entry your stop loss placement trends and corrections support and resistance all relate back to psychology. Think about it this way Each candle or bar on your chart is a representation of fear and greed in the marketplace. If that is the case I am not actually trading the EUR USD or the USD JPY but rather the emotions in that market at the moment. Once you forget this fact you are no longer seeing what the market is telling you you are simply projecting yourself onto it.