Post
Topic
Board Trading Discussion
Re: Are you following your gut instinct in trading?
by
ethereumhunter
on 06/03/2019, 08:44:55 UTC
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?

I wouldn't trust internal voice in trading that much. Sometimes you can not define what it is about. Better spend time to watch news and create a trading plan.

Yes, it's better to analyze the market because that is the real things that we could see. We don't know if the voice is from our mind or from the greediness that keeps telling us that "You should sell at that price." And sometimes we are confusing to determine which one is true and in the end, we make a wrong decision.

But sometimes, the instinct doesn't lie to us, but it was not clear for us to see if that is only a trick or it's come from our instinct. So maybe to solve this is when you hear any voice in your mind, accept that but you need to search on the market and if the sign in the market can show the information for you then maybe the voice could be true.