What should be the psychological state of the trader?

[HOLA]

The psychological state of a trader in the Forex market is considered one of the fundamental factors for the success of trading. The trader's psychological state can lead them to profit or loss by controlling and managing their decisions regarding trading. As the Forex market is a unique market characterized by many features and unique characteristics that make it necessary to control trading decisions and options by controlling the trader's psyche and emotions, it was necessary to know how to avoid the negative effects of the trader's psychological state.

The psychological state of the trader, whether positive or negative, has a noticeable effect on the trader's trading decisions. For example, if the trader's psyche is positive and happy after having achieved a series of consecutive gains, they may become overcome with feelings of pride and greed, leading them to rush into their next trading decisions in search of more profits. This can lead to losses as hasty trading decisions can put the trader's funds at risk.
Thus, the trader's psychological state affects their trading decisions and can lead them to rush in and out of stocks within a short period of time, making quick decisions without any prior plan or sufficient concentration necessary to successfully complete the trading process. It is necessary for the trader to control their decisions, not to fall prey to their emotions and feelings during trading, to exercise patience and discipline, to establish a pre-determined trading plan, and to adhere to it throughout the trading process.

The most important emotions that affect traders and lead to negative results in their trading deals are fear and greed. Both fear and greed lead the trader to rush into their trading decisions, so the trader should control their fear and not allow their emotions to affect their decisions. They should also control their trading decisions, especially after winning trading deals. Greed always drives people to seek more profits, bear more risks, and ultimately leads to losses. Thus, the trader should establish a pre-determined trading plan and adhere to it without giving in to their emotions.

 

[marym]

In view of your topic that you just raised regarding anxiety in Forex and negative feelings, the bad psychological, hesitation, and constant feeling of dispersion are one of the consequences of addiction to Forex trading, and they represent some Its side effects also, as forex trading is not an easy thing, but it is considered one of the most things that can cause psychological pressure and constant anxiety in a person and make him in a bad mood all the time, when he is treated as a gold mine and entering a high level is not commensurate With the size of the account, which makes the person in a state of constant panic and anticipation of the account weighting, and sometimes he is forced to monitor the price screen for long hours a day, which makes the matter worse for him and makes him make wrong decisions resulting from his bad psyche, and in the end I wish you more success and profits available to all traders