Lingfeng Global: What mindset should one not have when trading foreign exchange

Lingfeng Global: Stir fryforeign exchangeWhat kind of mentality is not allowed



Different mindsets lead us to have different solutions for the same thing. Many people lose money when they first enter the foreign exchange market. This is normal. However, investors need to control their mentality to avoid making bigger mistakes in subsequent trades. What mindset should foreign exchange investors avoid?



Firstly, the mentality of casual trading, trading without a plan, cannot survive in this crisis ridden financial market without strict discipline. If one only holds a playful attitude, the chances of success are almost zero. Although the risks in the foreign exchange investment market are high, as long as we adopt strict risk control methods, we can keep the risks at a relatively low level. In investment market trading, you must remember not to trade without a plan.



Two. Greed and fear. Foreign exchange investors find it difficult to avoid greed and fear. Because greed and fear are inherent in human nature, only some are magnified and some are not. However, when faced with these two emotions, we only need to make good use of them to bring benefits to ourselves, rather than just avoiding them. When we are greedy, we are afraid; When we are afraid, we become greedy. Greed and fear become negative emotions. Therefore, it is wise to make good use of it.



Thirdly, it is believed thatT 0The trading mode should be to trade multiple times a day. The flexibility of foreign exchange lies in itsT 0The trading mode is the characteristic. Many traders develop the habit of trading during the day. However, the operation mode of intraday trading has many physiological and psychological disadvantages for individual traders. Generally speaking, intraday trading can make traders nervous for a long time, which is also harmful to their health.



In short, regardless of the outcome of forex, successful forex can maintain a positive mindset. Only with the right mindset can investors see market trends clearly, make objective analysis of the market, and maintain rationality and stability in trading with a good trading mindset. Lingfeng Global Live Roomacetop.tvGathering senior lecturers in the industry, they are all financial experts with years of investment experience, teaching investors trading skills, providing investment strategies, and assisting investors in solving investment and trading problems. Please stay tuned.