........Trading Psychology .....
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First Lesson
Controlling the emotions that hinder you
So far, we have touched on many different aspects of the markets; every trade you make involves you.
No matter how strong or composed you are, you remain human, and thus, you have emotions. Of course, your emotions can affect your thinking and behavior as a trader.
Finance and trading techniques.
However, there is one essential component that influences success
Controlling emotions
Trading is an exciting and enjoyable activity that can give you moments of joy when things go well, while it can also be equally challenging psychologically if the markets turn against you. By understanding the emotions you are likely to experience at each stage of the trading process, you can mentally prepare yourself to handle them effectively. In this way, your emotions won't be an obstacle in your decision-making or harm your potential profits.
