Forex Market And Mind Games

Google+ Pinterest LinkedIn Tumblr +

First, what is Forex: Forex or FX market is the largest financial market in the world volume of more than $ 1.5 trillion a day foreign exchange trading. Unlike other financial markets, the Forex market has no physical location in India, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.
Mind Games defined: Mind Games are a form of social interaction, where participants try to screw with one anothers head. The concept is often used colloquially to refer to situations in a misleading, confusing, or devious. However, some people describe the psychology of Mind Games event in the data analysis.
When it comes to trading the Forex market, winning is about the mind rather than Mind over matter. Every merchant who has been playing a long time to tell you that psychology has much to do in their own performance on the floor, and how the market moves. Playing a winning hand depends on knowing your own mind – and to understand the way that psychology moves the market.
The study of market psychology is nothing new. It does not take a genius to understand that, under all circumstances, that mounts and falls by the decisions people are strongly influenced by the mind of people. Few take into account all the various Mind Games, which are motivated by the market, however. If you keep an eye on in the psychology of other influences – such as the psychology of the masses of people using the currency on a daily basis – but neglect to know what moves, ends up damaging their own position. The best Forex coaches tell yourself before you can become a successful entrepreneur, you need to know about yourself and the triggers that affect you. Knowing that will help them overcome or use. Are you saying, “What?” And now? Believe me, I understand. I felt like the first time someone tried to explain how the Mind Games we play with ourselves influence our decisions and trade. I want to break it down into manageable pieces for you.
All of which is associated with winning and losing large sums of money to be emotionally charged. All right. You’ve heard of the bag is a mathematical game. Connect the correct numbers, do math right and go forward. Why is it that the retailers, who will end up losing side of the market? After all, everyone has access to the same numbers, same data, the same information – whether it’s math, there is only one correct answer, right?
The answer lies in the interpretation. The numbers do not lie, but not his mind. Their hopes and fears can make you see things that just are not there. When you invest in the currency, which is investing more than money – you make an emotional investment. Being “right” is important. Are “bad” just pay the money to control his emotions – it costs you pride. Why walk when you leave the loser in the hope that it will recover? It’s such a little thing inside your head that says, “I know that I’m right, that dammit!”
Most of the people, being right is more important than money. This is a great deal. The way to win real money on the forex market is to cut your losses and let the winner. You can do it, you have to accept that some people lose their operations, cut it out and go to another store. You must accept that the choice of a loser is not an indication of their self-esteem is not a reflection of who you are. It’s just a loss, and the best way to handle this is to stop losing money – and very forward. Passing means you do not like running total of how many losses you have had – it’s a way to paralyze. This leads to my next point:
Traders lose to see a loss of fault. Winning traders see loss and learning. Not long ago, my son told me about twelve years before Thomas Edison invented the light bulb work, came up with 100 light bulbs that did not work. But do not give up – because he knew that the creation of the light source of electricity was possible. He believed in his general theory – so that when the design does not work, just knew that it was removed from one of the possibilities. Keep eliminating possibilities long enough, and eventually find the possibility that it works.
Winning traders see loss in the same way. They have not failed – they have learned something new about how they and the labor market. Winning traders can look the picture while playing a small stage.
Suppose I said last year I did 75 operations lost money, and 25, who made the money. In the eyes of most people, I prefer a bad businessman. Am I wrong 75% of the time. But what if I told you that my average loss was $ 1,000, but my average profit is to win the deal was $ 10,000? This means I have lost a $ 75,000 operations – but I made $ 250,000, so my total profit of $ 175.000. It is time to clear the numbers game – but how to market when you are losing trade after trade? Simple – just remember that one trade does not make or break a trader. They focus on trade in hand, the triggers that you have created – but define yourself by what really matters – the general log.
In short: you can not keep emotions out of the picture, but you can learn to not let the management decisions. To keep everything in perspective and understand that there are a lot of the big boys in this game and play …

Share.

About Author

Leave A Reply