Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.
I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.
Noted: This photo is taken from a group. Avoid copyright issue.
I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.
Noted: This photo is taken from a group. Avoid copyright issue.
This is easier said than done. Many traders are already aware of this but would unintentionally ignore them due to trade anxiety and stress. One thing we should know is that following these rules above strictly does not guarantee trading success, most times it is better traders learn from their own experiences so they can understand better what exactly works for them. Trading is indeed profitable to those who truly know their onions in trading.
Trading is not for everyone, many traders will ruin all the efforts they've invested in trading just because of their inability to control their emotions. If as a trader, your emotions tend to be a barrier to your trading career, then you should consider working on your emotions first or better reconsider if you can actually thrive in trading.