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The important things we need to know before starting up trading
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[QUOTE="Genesiology, post: 247304, member: 78115"] I think the most important thing to know is you can encounter failures and losses, no matter how much you learn or how good you are at analysing charts and patterns. The trading psychology is something that many new traders overlook. Your mind will be in control of your decisions unless you are using trading bots to automate the process. You have to train your mind to not make irrational decisions due to fear or greed. The interesting thing about greed is the absence of fear. Those who have fear of losing will never get greedy. So I think fear should be there to a certain extent. But not to the point where we panic after every trade. There should be a balance. Having a sound mind is very important to make better trading decisions especially at times of uncertainty. [/QUOTE]
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The important things we need to know before starting up trading
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