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Psychological training for success in trading

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Psychology will be good / bad with trading. I think emotions (psychologically) will contribute to your success. I think meditation is a way for me to balance my emotions. I often meditate in the early morning and when I am about to sleep, I find it suitable for me.

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Psychological control is very required in all markets, especially volatile ones such as crypto, patience and nerve control, an important factor in determining loss and profit.

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A common feature of most traders is fear, which in turn creates the reaction of "fighting either escaping" in humans. Unfortunately, it is this battle, a reaction to a fight or an escape from it that can cause many traders to fall.

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Sometimes things do not depend on you - it's just the mass of people who rush into the wrong direction and push you into that direction. Yeah, you know what to do since you've trained yourself but you need to admit that you can't control the reactions of the mass of people, you can't control the market so you just give up.

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On 2/5/2020 at 9:39 AM, SuperCrypto said:

From my notes, many traders usually know what they should do in trading, but they themselves spoil everything. And I think the real task is to do what you know and get to its logical conclusion, following your methodology of trading systematically. So I advise you to try psychological resistance exercises in cryptocurrency trading.
Are any of you doing these exercises?

I agree with you because the psychological position is 60% of the principles of trading in the spot. You are the one who determines your destiny through the psychological state that you were before you moved in any step.
I have read many articles challenging about this
I will do exercises to be focused


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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Your psychology is the first and main factor behind your success as it completely controls the performance of your trading in the market, and if you think that it is easy and simple, once you open your real account we will realize how important it is.

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Yes, it is necessary to train oneself on some important rules such as patience in order to achieve success and profit in trading


THINK POSITIVE

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Usually to avoid the desire for excess profits that I have set before I will complete trading on target and keep my phone and laptop away.

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Psychological training is very important for your mind in order to train in circulation and the concept of patience and lack of intolerance in trading and also sitting in front of the market all day long, which is stressful for the brain and the entire body

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In direction to get hold of pardon? you hope to, you have to enclose quite a few advantages, the the largest part essential of which is psychological research and discipline, someplace you be obliged to experience field to the fullest extent in classification to stretch to profit from this market.
 

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Be strong your mind and be patience for trading purposes. And if we done enough learning of crypto market then most clear that we can earn profit from daily basis. Strong enough market for good experiences traders for earning. 

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In order to plus reaping profits and calculating the intact these problems, you need string dramatically on the go for the right mind that this teaching is the peak foundation that will ultimately adjustment your income and will facilitate you in reaping profits.
 

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I Admire of those traders who do not scare to share their opinion on the net with everyone who wish some help. There are those who hold their tips and secrets, but there are those who share. The second type gives big help and support for such newbies in trading like I am. 

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If you are determined to be trading your daily business and become a professional cryptocurrency trader, then you have already read some articles on what is necessary to do to develop yourself and your wealth in the future. If you had already read, then you must have known that the primary factor is the psychology of the trader or his self-control.

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The discipline and strict adherence to the data of the analysis and ignoring the psychological impact is one of the most important factors for success in speculation in the stock market and therefore one of the most important reasons for the high financial income that accompanies this success.

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On 2/5/2020 at 9:39 AM, SuperCrypto said:

From my notes, many traders usually know what they should do in trading, but they themselves spoil everything. And I think the real task is to do what you know and get to its logical conclusion, following your methodology of trading systematically. So I advise you to try psychological resistance exercises in cryptocurrency trading.
Are any of you doing these exercises?

i have a great and natural self control, so i follow my own trading rules without any problem. 

but for those who can't control their emotions because they are scared to lose their money then i suggest one thing to do. invest only you can afford to lose, this will help you much because you will trading with more lucidity since if you lose you will not care too much

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On 2/5/2020 at 9:39 AM, SuperCrypto said:

From my notes, many traders usually know what they should do in trading, but they themselves spoil everything. And I think the real task is to do what you know and get to its logical conclusion, following your methodology of trading systematically. So I advise you to try psychological resistance exercises in cryptocurrency trading.
Are any of you doing these exercises?

I really dont do that and dont know any thing about Psychological, I love to see some information about that from you if you know it, it's really helpful to learn that because every traders should know that 

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On 2/16/2020 at 4:41 AM, Loly said:

Understanding the role of psychology in cryptocurrency trading will help you eliminate the fear of your decision-making processes. Understanding your fear will instantly strengthen you and awaken your focus, whether you are a trader or an individual. It will also allow you to re-control the psychology of reason and cause, which is your ultimate goal.

yobit my exchange a few times when you exchange other currencies, Demo accounts help to face real-world transactions that I never lost hope. The trader reads them whether the entrepreneur himself still exists, whether he will really depend on the psychological aspect of the business or simply emphasize the emotions.

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The trader’s psyche turns against him when he loses and revenge trading occurs when the trader seeks to compensate for his losses as he focuses on recovering the money he lost so that he does not realize that he has abandoned the trading rules and thus every trade ends in another loss.

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Trying to make up quickly, usually causes more loss. This is the case in a lot of trading, especially in some cases of some traders in the Arab countries, who may always be reflected in the market and make quick and impulsive decisions that cause more loss.

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Psychological exercises are very important when it comes to trading. The reason why most traders seem to fail is due to emotions and selling or buying on a panic that results in losses. To show patience and not be emotional in trading, psychological exercises are a must.


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While trading, one has to leave his feelings aside and trade. When emotions come into play, sonunds are often seen missing.Free your emotions when trading.

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Understanding the role of psychology in Forex trading will help you get rid of the feeling of fear of your decision-making processes. Understanding your fear will instantly strengthen you and awaken your focus.

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I totally agree with you there are some users who suffer big loss according to their method or strategies so first of all I would like to suggest every uses that don't consider any emotions while doing tradings with Crypto coins it will be very harmful for you.

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yes i think that you need a good psychological training for trading becasue sometimes you may see that you are lucky and you can make lots of profit cause you made also good trades and than you risk lots of money for nothing so you need to be ready, psycologicly so it is really necessery

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