Do not Destroy Your Trading With Exaggerated Thinking

Anything excessive usually will be bad. For example, in medical science, red blood cells and white blood cells must be in a balanced portion. Likewise with forex trading, to obtain a realistic and consistent trading result, you should keep the thoughts and exceed expectations of the trading that you do. It can be a thorn in the flesh because it has the potential to destroy your trading account. Here are some examples of excessive thinking about trading. Let's discuss it one by one.

With forex trading, all financial problems are "free"

Trading made one alternative in overcoming all the storms of trials in the field of personal finance. Some are short of money, hoping to double the money from forex trading. There are who are in debt, hoping to immediately pay the debt by trading forex. The bottom line is all "Free". This exaggerated thinking will certainly burden them when trading. They expect instant results so that their problems are resolved. Keep in mind, it is true that forex trading prospects are very promising, but to succeed in trading required a process and time that is not short.

I want to double my capital immediately

This mind is usually perched on the minds of novice traders. In fact, it takes a short time to be able to double your trading and profit accounts consistently. The more you want to quickly double your forex trading account, it will usually lead you to the brink of collapse. It takes patience, discipline, and tight money management arrangements so you can generate consistent profit.

I do not want to miss every moment in the market

Usually, this thinking arises from traders whose trading results have not been consistent and are experiencing losses. As a result, they become emotional and always want to open a position in the market to immediately be able to cover their losses. The more often you get into the market does not mean the greater your chances of making a profit. Usually, a decision that is not based on objective analysis will ultimately destroy your trading account. You should be patient. Do more objective analysis before you enter the market so you avoid overtrading.

In order for your forex trading account to be durable, you should be able to stay away from excessive thoughts as above. You have to instill a thought that success in forex trading requires a process and time that is not short. Keep trying and praying.