Quote from: South Park on Today at 11:11:04 PM

Quote from: breathlessz on Today at 01:16:27 PM

Quote from: South Park on September 28, 2021, 07:06:43 PM

While without a doubt your trading skills are the main reason of the success of those that want to earn money in the markets at the same time we need to have a perfect control over our emotions in order to be successful, after all I have seen many people that have good strategies to trade the markets and it is just a matter of time before they obtain profits if they can follow their strategy, but then they sabotage themselves because they cannot control themselves and implement their strategy as planned.

psychology is the main factor to implement the trading strategy that we use. without a strong psychology, then we can not run the strategy well, because of course discipline will be fragile when we will take action in trading. therefore it would be better if we learn trading psychology first before exploring trading techniques

This is why backtesting is so important, people go out there and begin to trade the markets without having enough confidence in the system they are using to trade them that as soon as things begin to go in the wrong direction people panic and begin to take decisions that are completely mistaken, but they do so because they have lost confidence on what they were doing, and this is a problem because it is precisely during those moments in which we must exercise the most self-control, otherwise the losses we could suffer are massive.

So before you go into this activity, you should know at least the overview of what to expect so you are not caught by surprise. Before using your own money, try also joining some demo trading, which is offered already by several exchanges. And then, when you are dealing with your own money already, start small, as actual use of your money is quite different from using only demo account.