Recovery after losing streak

6. The psychology of a trader

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Many believe that the Forex trading game. This is partly true, but unlike the game of Forex trading is a real opportunity to earn a living. Investments in the currency market do not require deep mathematical knowledge, but in Analytics trader should understand. One of the most important abilities - the ability to interpret the news.

- Open a demo account (demo)
- The Trader’s Forex Calculator
- Economic calendar
- Video channel: Forex club

Our dealing center has over activities in the international currency market and gives the possibility to earn on sale of currency for both experienced and novice traders (Forex traders). Forecasts of leading analysts of the market, and, including trading robots and signals enable traders in their work.

Action free from thoughts, reflections, memories, or any other internal noise as the key to success, regardless obtained victory in battle, or accumulated profits with many transactions.

a Single heavy loss or streak of them расстраивающее circumstance which is not only depletes the trader's account - it has a negative impact on the further way for our actions and transactions. Probably every trader has experience and knows how morally difficult to overcome this and return to normal.

I would like to describe a set of rules that I brought for such situations. Like anything else, what I'm talking about in this book, it was used in real trading and helped me personally.

the Main rule restore mental balance - this should occur slowly. Gradually, many small profits, until Your confidence is fully restored.

Stay awhile back. A trader needs a break to cool emotions. The worst thing You can do is to get your revenge, and try to get everything back. This would lead You to transactions where Your insinuations about the desired allow You to see more, than is actually.

Stop actively look for deals. Wait for the opportunity that cannot be ignored when really it comes time to play, You will notice it. Refrain from any dubious transactions, the element of excitement to exclude from the game completely. Play with the use of the stop and only where You will be able to withdraw from the transaction without problems.

When the opportunity is to make the deal automatically. Do not think, do not evaluate anything except two things: risk and the buy signal.

If the trade went against You, leave in a defined place without any thought. Do not allow yourself to re-evaluate the deal. Just step out and all.

If the trade went your way and fix the profit, as soon as a signal about it. Do not allow yourself to consider your income and compare it with the lost to cover losses. Simply sell at the same moment, when Your system or strategy says. You need a lot of small profits to restore Your confidence.

Proceed automatically. Do not vote and do not overestimate anew each transaction, do not count money, do not try to justify your actions - just trade as a machine, strictly on the system. Any steps without the system. No experiments with unknown models or strategies. Discipline becomes maximum hard.

Trade thus, until one morning and not feel so confident and strong as before. After that You can afford to continue to bargain a little longer, while dense suspension.

during this recovery period not complain about destiny, do not blame anyone or anything. Actually, it is better not to talk about this. The only exception is if there is someone who can help You find a defect in the system, causing your loss. But do not try to remove Your pain, sharing it with others. Only keeping it within yourself, You get a sense of the power of responsibility, and will be able to find a real solution that resides within You.

The psychology of a trader: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |

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