As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
The most important thing is that you can maintain your mentality in trading so that it remains stable. Because I feel that trading turns out to be much more draining on our mentality as traders. And this is where we also need good emotional management in trading. So, besides having to master technical and fundamental analysis, it is also important for a trader to be able to master trading psychology. The actual practice is much more difficult than the theory studied.
Because when we have mastered technical analysis but we cannot control our emotions in trading, a trader can have more losses. Examples of two emotions that can harm a trader are greed and fear.