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TRADING PSYCHOLOGY

TRADING FUNDAMENTALS - PART 1:

Accepting Constant Market Changes and Uncertainties

trading psychology forex market

Most traders have a limited knowledge of trading’s fundamental rules, either from a psychological or a methodological point of view. This can lead to increasing loss probabilities on the markets, as well as deep and constant psychological damage.

Recent studies have proved that professional trading has a lot in common with professional sports activity and competition. In fact, sport coaching and training experience can be replicated and implemented to train financial traders. In any kind of sport, a series of fundamental exercises, which should be learned and practiced regularly, are necessary to reach competition level and become successful. For example, in basketball, some fundamental exercises to work on would include: rebound, left shot, right shot, dribble, pass, shot in suspension, etc.

Trading fundamentals are:

• Market

• Mind

• Method

• Money Management

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