Psychology trading is methods to bring traders in control with themselves and learn them to trade in their “own best interest”.
The purpose is to change a bad habit or a thought process. Examples could be
- How to stop a trade thatis not a winning trade and how to accept that a wrong decision was made
- How to improve skills toenter a trade
A technique to change a bad habit or a thought process is through visualization. Visualization is to see the trade through a theater play in your mind.
An example could be how to improve skills to enter a trade. In this case the trader could in his mind go through the trade from the entry point to the exit point and see how the trading rules are reliable. The visualization convinces the trader that the rules are steadfast as he has influenced his thinking that the rules are trusty.
Interested in the subject take a look at the articles Forex Online Trading? HowVisualization Techniques Can Improve Skills To Enter A Trade and the article Forex Online Trading? How to Improve Your Forex Trading WithVisualization Techniques
If psychology trading isn’t in your interest but still want to improve your trading skills watch this video about a Forex social trading network where trader share trading info, follow and copying expert traders trade in the network.
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