Binolla Trading Psychology Trading Psychology Basics

Trading Psychology Basics

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...

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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...

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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....

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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

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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. ...

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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.