Psychology- Trading.live

Do you have a Hindsight bias ?

warren

Hey everyone! 👋 Let's dive into a quick recap on our recent discussion about hindsight bias in trading. 🔍 Hindsight Bias Reminder: Remember that hindsight bias, or the "I-knew-it-all-along" phenomenon, can significantly impact our trading perceptions. It's when we tend to believe, after an event has occurred, that we predicted or expected that outcome more than we actually did. 📉 Application in Trading: In the context of trading, it's crucial to be aware of how hindsight bias can cloud our j

Warren's Trading Titans

🎲 Let's Play a Game: Can You Make Money Every Day?

royalfx

Imagine tossing a coin: - Heads, you win $2 - Tails, you lose $1 - You get one toss a day Now, can you consistently profit? Not likely. With a 50/50 chance, it's a gamble. But here's the twist: What if you could toss the coin 1,000 times daily? 🤔 Consider this: - 500 heads, 500 tails - Each head nets $2, each tail costs $1 - Total gain after 1,000 tosses: $500 With this "special" coin, daily profit becomes feasible, right? 💡 The Lesson? Frequency Matters. In trading, it's the same principle.

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

The Psychology Behind Successful Forex Trading

royalfx

In the fast-paced and often unpredictable world of forex trading, understanding the psychological aspects can be as crucial as analyzing charts and trends. Successful forex traders don't just rely on technical analysis; they master the psychological game. Let's unravel the psychology behind successful forex trading and explore how mental fortitude can be a trader's greatest asset. Maintaining Emotional Discipline: The ability to control emotions is paramount in forex trading. Fear, greed, and im

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

Note from Jayfx

jayforexhouse

Don't be a host of negativity, it's the major reasons the chart is against you. Now replace the word "chart" with mind you will understand me clearly. Stay clean (positive) of thoughts and breath in and out to make sure your clam before you identify anything on chart, to eliminate your mind games from the picture. And always remember, your prospectives don't matter to the market if the trend is bullish it will be bullish if it's bearish it will be bearish. Those are the only options available to

JayForexHous Academy

How traders beat FOMO - psychology of traders who are good at losing

warren

So I’ve been thinking and reaserching about trading psychology for the past month or so. Comes down to always have long term perspective in your mind. Current loss or win does not mean anything, but wins or loses of 1000 trades do. “What you value is more important than what you feel in the moment” With being mindful about your emotions during the trade, you can dissolve a tendency to make certain actions for short term feelings, because you know deep inside that what matters is really so many t

Warren's Trading Titans

The Blind Spot Bias: The Number One behavioral bias to tackle in Trading

warren

As a trader, no matter which market, we will come to the point to realize that trading is a mind game, much more than technical analysis, price action, indicators, etc.. The brain can be our biggest strength in trading, however at the same time can also be our biggest weakness. We are all victim to behavioral biases, which naturally lead us to certain decisions or actions that are oftentimes destructive to our trading performance. While there are many biases that can explain a large share of tr

Warren's Trading Titans

The Psychology Behind Successful Forex Trading

royalfx

In the fast-paced and often unpredictable world of forex trading, understanding the psychological aspects can be as crucial as analyzing charts and trends. Successful forex traders don't just rely on technical analysis; they master the psychological game. Let's unravel the psychology behind successful forex trading and explore how mental fortitude can be a trader's greatest asset. Maintaining Emotional Discipline: The ability to control emotions is paramount in forex trading. Fear, greed, and im

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

Trading Psychology TipInvesting tipsMistakes are essential stepping stones.Don’t shy away from them.Instead, welcome them.Let them tea

warren

Trading Psychology Tip Mistakes are essential stepping stones. Don’t shy away from them. Instead, welcome them. Let them teach you. Keep trading and keep pushing. Virtually every tale of success in trading that you’ll read involves resilience in the midst of failure.

Warren's Trading Titans

Every trader needs to ask themselves, why am I trading?

warren

I believe sometimes people don’t have a clear objective on why they are trading. There are even some traders who have a false reality and ultimately end up with blown accounts. Once you figure out why you are trading, things become a bit better mentally. I don’t mean why you got into trading or what the long goal is. I mean specifically why are you trading right now, what are you trying to accomplish now. Setting clear expectations and goals is key to controlling your emotions. I see a lot of p

Warren's Trading Titans

YOUR DAILY TRADING PSYCHOLOGY DOSE

warren

Building Emotional Inteligence with Dual-Awareness makes you a better Trader via more effective decision making. Holding on to (experiencing) opposing emotions is one of the important abilities human beings have. It's why resilience exists - e.g., because you can both feel grateful and sad simultaneously. It allows growth through strife. Fear and hope simultaneously fortify determination and create strength and learning experiences. Objectivity lies in experiencing opposing emotions. It is one o

Warren's Trading Titans

Overcoming Trading Psychology Challenges - Let's Share Strategies and Support Each Other!

warren

Hey fellow traders, Trading psychology is often the unsung hero or villain in our trading journeys. It's not just about analyzing charts and making decisions; it's also about managing emotions, discipline, and mental resilience. So, I thought it would be a great idea to start a discussion here on our subreddit to share our experiences, strategies, and support each other in overcoming the psychological challenges of trading. We all know that emotions like fear, greed, and impatience can wreak hav

Warren's Trading Titans

The truth behind the "1%" stat.

warren

I'm sure you've heard the stat: "99% of traders lose money, only 1% make it" It sounds discouraging when you first hear it, but let's take a deeper look: Those studies make no effort to separate serious traders from amateurs. They include everyone who's ever opened a trading account. That includes your uncle, brother, neighbor, etc. Obviously, they'll add to the losing statistic. It's like saying "99% of people who ever tried chess are not good at it" Everyone has tried chess. How many have spen

Warren's Trading Titans

#Psychology

Do you have a Hindsight bias ?

🎲 Let's Play a Game: Can You Make Money Every Day?

The Psychology Behind Successful Forex Trading

Note from Jayfx

How traders beat FOMO - psychology of traders who are good at losing

The Blind Spot Bias: The Number One behavioral bias to tackle in Trading

The Psychology Behind Successful Forex Trading

Trading Psychology TipInvesting tipsMistakes are essential stepping stones.Don’t shy away from them.Instead, welcome them.Let them tea

Every trader needs to ask themselves, why am I trading?

YOUR DAILY TRADING PSYCHOLOGY DOSE

Overcoming Trading Psychology Challenges - Let's Share Strategies and Support Each Other!

The truth behind the "1%" stat.