Because of the thrill of making profits, traders can sometimes feel euphoria when they made a good trade. The danger is that it can also fuel an addictive need to seek this thrill with no thought of loss.
Feeling angry after a loss:
Traders feel this way because they think that they are being victimized by the market. They got into this situation due to the fact that they had unrealistic expectations in the first place.
Guilt feelings in making excessive profits:
Sometimes due to poor self esteem, traders feel guilty when they make excessive profit. They believe that they don’t deserve the profits that they make thus limit themselves to how much they will make.
Over thinking or second guessing the trading strategy:
This is the result of wanting a “sure thing” in a world filled with uncertainties. Traders do this because they fail to understand losses are part and parcel of Forex trading. They choose to disregard that risk is inherent in any investment endeavors.
The human mind is the most difficult aspect of Forex trading to overcome. There is no short cut to this except through realization, and coming to terms that we all are human and are prone to mistakes. Once we can recognize this, we can begin to watch out for these “undesirable” mental blocks and take steps to eliminate them.
Feeling angry after a loss:
Traders feel this way because they think that they are being victimized by the market. They got into this situation due to the fact that they had unrealistic expectations in the first place.
Guilt feelings in making excessive profits:
Sometimes due to poor self esteem, traders feel guilty when they make excessive profit. They believe that they don’t deserve the profits that they make thus limit themselves to how much they will make.
Over thinking or second guessing the trading strategy:
This is the result of wanting a “sure thing” in a world filled with uncertainties. Traders do this because they fail to understand losses are part and parcel of Forex trading. They choose to disregard that risk is inherent in any investment endeavors.
The human mind is the most difficult aspect of Forex trading to overcome. There is no short cut to this except through realization, and coming to terms that we all are human and are prone to mistakes. Once we can recognize this, we can begin to watch out for these “undesirable” mental blocks and take steps to eliminate them.
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