The basic psychological barriers to foreign exchange investment

Basic psychological barriers to foreign exchange investment:

1. Loss is not defined.

In trading, no one assumes that it will cause a loss. No one will buy at the beginning of the expected market; on the contrary, no one will sell when the market expectation continues to rise and reach new highs. However, this phenomenon occurs frequently. Therefore, when entering the market, it is very important to define the next space, not after you engage in trading, but before it! If you are afraid of losing money, don't trade.

2. No recognition of compensation or unprofitable settlement

An old trading law "the first loss is the best loss" is true. Losses are part of the whole process. Instead, profits end - the same is true. When the market reaches your target zone, don't be afraid to show up. In many cases, the market will not give you a second chance.

3. Hold on to a certain belief

Just like George. As George Segal said, "The market is the boss." You think, you think platinum will go to the sky, or the dollar will fall to the eighteenth level of hell. The market will tell you everything! Listen! Remember Yori Berra can find out a lot just by looking.

4. Falling into the "Boston Strangler" complex

Henry Youngman's old joke was popular in the early 1960s, before the police had arrested the Boston Hangman. A man was reading the evening paper in the living room when he heard a knock on the door. He went to the door and asked, "Who is it?" The mental patient replied, "It's the Boston Hangman." The man turned, walked through the living room, into the kitchen, and said to his wife, "It's for you, honey."

In other words, believing gossip is like having the Boston strangler complex. Don't do it! This is the door you won't open!

5. Suicide trading

Your deal is like the pilot of Suicide Agent for Suicide Agent 4 missions. You may feel betrayed and angry; you must take revenge. Stop immediately! You will be crushed.

Step 6 Intoxicated Trading

This is the opposite of suicide trading. You feel absolutely invincible. Like a hero. Don't act rashly, be careful!

7. Be hesitant about your own judgment

You've done all the work - daily, weekly and monthly. You've studied Gann's Fibonaci, Wycoff and Elliott waves. The market has entered the location and price you judge, but you just hesitate!

8. Failure to grasp the breakthrough

It's like getting to the airport and watching the planes take off. Wouldn't it be great if you could catch that plane and go to some exciting destination!

9. Failure to focus on opportunities

The market is full of distractions. How to keep your attention straight and clear like a radar? How to avoid unnecessary distractions?

10. Invest, but don't want to make a profit

In almost every trading room in the world, there are always people who announce to their colleagues that they know that almost all market trends are high and low prices. They have never made a profit. The name of the game is "Make Money". Yes! It's just a game!

11. Trading systems are not used consistently

If it's any good, you've got to keep using it. They say, "If you don't need it... you lose it."

12. Lack of a clear fund management plan

You often hear people say, "But this deal is so good and correct." The purpose of capital management is to preserve capital.

13. Incorrect mentality

In our experience, more than 80% of failed trades are caused by an incorrect mindset. The right mindset produces the right results. As Gene Agastein observed, "You get exactly what you want. You achieve yourself."

Therefore, in essence, successful trading comes from overcoming personal psychological barriers, self-adjustment generates confidence, high self-esteem, and an unshakable belief that confidence naturally leads to good judgment and winning trades in a sure way. But how do you do it? Be patient.