Binolla Trading Psychology Trading Psychology Basics

Trading Psychology Basics

Trading Psychology Basics Aug 24 Ivetta Garcia

Understanding Loss Aversion: How Fear of Loss Impacts Trading Decisions Delve into loss aversion to see how it can impact your trading results. Learn more about the reasons of loss aversion in digital options and Forex. Unlock some key recommendations on how to deal with loss aversion and minimize its impact on your trading results. ...

17 min read

Trading Psychology Basics Jul 24 Ivetta Garcia

Techniques for Traders: Staying Present and Focused Unlock the power of proper focusing in trading. Learn more about the factors that distract trading attention and contribute to a lower level of presence. Delve into the key recommendations that will help you stay focused throughout your trading sessions. ...

12 min read

Trading Psychology Basics May 24 Ivetta Garcia

Emotions in Trading: What Prevents You From Being a Successful Trader Discover practical tips and strategies for effectively managing emotions such as fear, greed, and anxiety, and learn how to maintain a disciplined and rational mindset even in the face of market volatility. Whether you're a seasoned trader or just starting out, this article is a must-read for anyone...

23 min read

Trading Psychology Basics Apr 24 Ivetta Garcia

Developing a Trading Plan: Setting Goals and Objectives Detect the essential steps to build a robust trading plan in our latest article. From setting clear goals to defining risk management strategies, we'll guide you through the process of creating a personalized roadmap for successful trading. Don't miss out on this valuable resource to elevate your tr...

15 min read

Trading Psychology Basics Feb 24 Ivetta Garcia

Demo Trading Tips and Tricks Discover all the pros and cons of demo trading. Learn more about the main mistakes that traders make when they trade on demo. Delve into recommendations on how to use the demo mode and benefit from such training. Find some basic strategies to practice in the demo mode....

15 min read

Trading Psychology Basics Dec 23 Ivetta Garcia

Binary Options: Trading or Gambling? Discover the distinctions between trading and gambling, unravel the reasons behind the popularity of binary options, and learn effective strategies to enhance your chances. Dive into this article to understand what sets trading apart from gambling. ...

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Our Platform Dec 23 Mike Chainster

Binolla Platform: How to Register and Deposit Funds This guide will provide you with detailed instructions on how to complete both procedures. Discover how simple and straightforward the process is, even for novice traders. Learn how to top up your trading balance in a matter of minutes. ...

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Our Platform Dec 23 Mike Chainster

Binolla Platform: How to Draw Support, Resistance, and Trendlines Learn how to draw support and resistance lines and adjust them. Find out where to find drawing tools on the platform and how to apply them to charts. Explore some useful tips and tricks. Delve into the details of the drawing tools on the Binolla platform....

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Our Platform Dec 23 Mike Chainster

Binolla Platform: How to Trade Read our guide about how to trade on the Binolla platform. Delve into details on how to place your first digital option trade, set expiration, investment, and other parameters of the deal. Prepare yourself for opening your first trade at Binolla. ...

6 min read

Our Platform Dec 23 Mike Chainster

Binolla Platform: How to Use Indicators Read more about how to add indicators to charts and set them up. Discover how to add several indicators and remove them. With this guide, you will learn how to set up any of the available indicators in a matter of seconds, even if you are new to trading....

Trading Psychology Basics

Having a good trading strategy is only about 30% of success. The remaining part is shared between money and risk management, as well as psychology. Greed, fear, and a gambler’s fallacy may ruin your deposit even faster than a bad entry point. Therefore, knowing more about these “enemies” will allow you to improve your chances of making money instead of losing it.

By reading this category, you will discover the following aspects:

Emotions that prevent you from becoming a successful trader and how to curb them;
Basic notions of trading plan and journal and why they are very important;
The most popular misconceptions in trading and how they interfere with your results;
Risk management basics and how to control your risks during your trading routine.

All these and many other concepts will be covered by our experts, who have years of experience in trading. Whether you have experience in trading or not, knowing how to keep your emotions low will help you make your first steps in trading. Greed may push you to win back or even make you open trades where there are no evident signals, while fear, on the other hand, may make you stay away from the markets when it is a good time to buy or sell. If you learn how to control them and know your worst “enemies” in trading, you will have better chances of succeeding.

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Trading Psychology Basics

Trading Psychology Basics