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Mastering trading psychology


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Mastering trading psychology doesn't make any money, but it helps you execute your trading plan perfectly. Traders must believe their trading plan if it gives good results or not. Don’t trade with your emotion like over trading or revenge trading. Stick with your plan. Try to learn about trading psychology in micro account. Demo traders lack emotion in trading.

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It is very convenient and correct to use a demo account and a multi-account with the help of it you can really prepare yourself psychologically. And the broker Amarkets has good conditions for this, both for beginners and experienced traders. And you can always contact an experienced manager

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Technically, mastering trading psychology will earn you money, in the sense that it is necessary to make profits. It takes a lot of work and self-reflection to improve in this area, but I believe it is worth the effort, because we can even benefit from it in other areas of our life.

I would recommend everybody learns about the biases and fallacies that the human brain is prone to. It can help notice and understand your own mistakes. Also everyone should find healthy ways of coping with / relieving stress so that it doesn't mess with the trading process.

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