Yup, Greedy Disease psychology in forex trading is the hardest part in the trade Part 1

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Trader Development

Sunday, 11 October 2015

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Note well the material that will be discussed this time. Most of them are doing forex trading or anything else having problems rather than on how they predict the price movements but how they control themselves. Yup, psychology in forex trading is the hardest part in the trade.

PART 1

• Ask those who have started real trading minor new players or old players: "The hardest part is that in trading " Chances are most of the answers you receive is how to conquer themselves when trading. However trading is engaging with people and every human being has its advantages and disadvantages of each. Each of the properties we have greed, fear, doubt, and the emotions all of which affect the pattern of trading.
• Now a professional trader must have the ability to manage mental as well as their emotions for the sake of trading. Those who fail to herein will not be able to survive long in forex investment. And the bad news is not an easy matter.

• There are quite perform simulations in their minds and they were able to keep their thoughts and emotions remain healthy in the trade. There is also a take a few months to several years to be able to manage their mental.
• Others may not even be able to pass at all (for which can not be passed, apologies may forex is not an appropriate investment for you. Look for other investments more low Well related to emotional problems, there are some bad characters that you need to avoid when trading. I do not care about your everyday life.
• If you have some bad habits in daily life it is a private affair We each. But if you bring some bad habits that will be mentioned below in your trading, in a matter of days until the month there will be a huge loss because of it. So follow the advice I'm sure you will not take this bad habit in your trading.

The first disease "Greedy"

Well this is the first disease for those who have obtained a profit in forex.

All people have a tendency to want more when they get the name of money.

• Try to imagine how through play forex, you can make a profit of 1 Million in a matter of hours! Is not that is something extraordinary  When compared to the salary of an employee in the amount of Rp 2 million a month, it means that they will only earn Rp 100 thousand / day and only after they work for 8 hours.
• While you can earn 1 Million in just a few hours due to the currency move a few dozen points because of rising interest rates.
• Is not that incredible   Beginners who never tasted the sweetness of this profit would have been even greater desire.
• If it can be 100 million in one trading! This is where problems will arise greed.
• Wanting something more without any logical consideration and careful calculation as the capital, market conditions, and the risk, that is the greedy. 
• They are stuck with the mental attitude greedy thought after they won their first 1 Million they can repeat that moment without thinking about how the condition of the current price. In such circumstances usually considered and logical analysis has been ruled out and thought we filled with businesses how to gain more profit.

• The result is a new position without understanding that while it might have been biased or analysis We no longer move because the price trend has passed. Some cases greed ever I heard of the beginners are those who are successful in their first two days in the trade (managed to achieve a return of 50% for 2 days) and on the third day perform injection due to a loss! Well, indeed forex profit potential is enormous.
• If we view from the corridor investment, a return of 50% in two days is not it really so miraculous  That's what I like about forex.
• Even if the starters had to stop trading in it and let in a month it returnnya only 50% then it was already quite remarkable.

• Compare with the deposit rate is only able to give you 10% per year.
• Unfortunately, because of the greed of her return loss.
• Not back to square one even more than it being minus.
• It should be understood here, not greedy does not mean limiting your profit. No. Legitimate you earn 1 Million more profit once you get profit 1 Million first if indeed his condition allows.

• That is no reason for you to open a new position for example because of emerging new trend or a supportive fundamental news.
• Once again greedy in forex happen if we want more but do not have strong grounds to obtain it. 

So how to prevent oneself We not greedy when trading   There are some simple advice to help you not greedy when it was trading: 

• · Faithful to your trading system.
• This also teaches you to disiplin. Don't spend time lingering in front of your forex charts.
• This will give rise to a desire to open a new position.
• · Have an understanding that not all price movements should generate profits for you.
• · Have a specific target in the daily or weekly trading you.

Do not get too high. When it is reached, close your platform and turn off the computer and go to bed!.

The final solution:

1. Stop thinking of your profit when you sleep (hey do not frown so, I'm serious with this statement). 
2. List of the above solutions can become longer if passed. But essentially the same as the question of how to not be a slacker, the answer is be diligent person.
3. Likewise, the core of the 5th point above is a stop for the greedy.
4. We both ends meet themselves with the existing profit.
5. Would not it be fun to sleep after closing the position you profit by 30 points compared to trade again and a new position we are still floating