Wealthy of trading forex...

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By AAzwan



Psychological attitude of trader remains crucial point in the commercial activity. It suffices to speak about the fact that the traders, who trade on the virtual calculation (with the virtual money) frequently show not bad results, but their results strongly deteriorate upon transfer to the real money. But in what the matter? One and the same trader, the same quotations, the same utilized tools - and this different result. Answer is simple - in action psychological factors. Working with the real financial means, trader most strongly depends on his own feelings of fear and greediness, which still are called the engines of market.

Specifically, these two is frequently oppositely directed sensations do not give to trader to quietly and sensibly evaluate situation, to in proper time shut unprofitable positions or to fix profit. Panic on the market leads to abrupt changes in the exchange rates and very frequently this motion does not reflect the real processes, which take place in one or other economy or another of peace. It is here appropriate to recall determination for “collective reason”: the reason of crowd is equal to the reason of the most under-developed representative of this crowd. And when the discussion deals with the large number of traders, representing as private individuals, so also all possible investment trusts, financial houses, jar, then the joint mood of this crowd is frequently subjected to the action of panicky mood in spite of the logical reasonings of the sober-minded trader. And if to us will be intelligible overall psychological attitude, then the success of our trade sharply will grow.

But thus far the discussion dealt with “collective psychological attitude”. And if it is desirable to see, to understand and to use overall attitude for the personal trade, then this is possible to carry out, controlling the reaction of market to the events, proceeding in the world policy, to the economy and to nature. To much more complexly restrain its own psychological attitude at the moment of making a decision about purchase or sale of currency. With decision making in the beginning trader on one cup- - weights occurs the intuition, made up by emotions, on another the cup- unprejudiced knowledge, deprived of emotional attitude, which is rested only on the facts and the objectivity. What does hang somewhere else? Certainly, intuition! But the intuition of novice thus far is not based on the experience. Because of this the solution starts on the emotions - main enemy and the assistant to trader. But how to learn to regulate their emotions, minimizing their influence when they greatly do interfere with? Answer - to improve discipline of trader. Only disciplined trader will be able to work on the market as much time, as it is necessary for achievement to purpose. Only discipline will not give to trader to be broken under the market action and to leave from the market for earlier than the time. There is a mass of modes of operation on strengthening of the discipline of trader - this and the measured off operating schedule, and the selection of temporary frames for the work on the basis of its psychological special features. But the use of a commercial system is nevertheless most efficient.

To follow the signals of commercial system also is sufficiently complex. It is necessary to understand well for this that the situations for the successful moment of the entrance into the market will be always and will be repeated thus far “living” market. But many traders, yielding to temptation “to have time to jump into the outgoing train”, enter into market either too early or it is too late, which unavoidably leads both to the losses and to the psychological disorder. Work with the financial tools is complex, in the first place, because of the strong negative action of failures on the psychological state of trader, closely to the heart who survives the loss of money in the unsuccessful transaction and the being undergone continuous psychological pressure.

You will astonish, but the psychological state negatively can influence the gain, when trader, successfully entering into market, shuts position with the profit. In this case the danger can be connected with the overestimation of its commercial grades and reduction in the attention. Calling result gain, we consciously focus attention of the reader to this perception of earnings, since the result of last transaction with the profit is frequently received by trader as the earned sum, although about the earnings we can speak only as about the result of several transactions, let us say, during the month or the larger period. Then the results of all positive transactions are averaged, and we speak about the average positive transaction and general profit. The results of all negative transactions also are averaged - we obtain average unprofitable, and additionally to it - the index of general loss. Joint income minus joint loss composes profit during the specific period of time, and we make level it with the earned means. If trader will operate, first of all, with the concepts, connected with the general result, and not to appeal to the immediate gain, then this approach will lower the psychological pressure as a result of each carried out transaction, “averaging” its action on the large temporary period, month or quarter.

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