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In Forex trading, as in any profession or pursuit, there are certain personality characteristics that make some people likely to succeed, while others seem to have their work cut out for them to become a professional trader. You may have discovered in your own career that certain personality traits make it easier or harder for you to perform your job-related tasks. Here are some trading psychology pointers that will help you determine if Forex trading is a good fit for you, and how to make yourself a successful trader.
First, do not get run away with by your emotions. Forex is a high-adrenaline environment, and you need to be able to keep calm under pressure and make good decisions. A key point of trading psychology is to stick to your trading plan, and stick to it especially hard when you feel like you are getting emotionally excited. A good rule of thumb that professional traders use is this: if you haven't done the math about a new strategy, you haven't thought about it long enough. When the [link widoczny dla zalogowanych] adrenaline is coursing through your brain and you want to take a risk or get out of a dangerous situation, and the trade you're contemplating is not part of [link widoczny dla zalogowanych] your trading [link widoczny dla zalogowanych] plan, just don't do it. Stick to your plan instead.
Second, be open to new ideas. This does not contradict the first point. You should not trade on a whim, unless you just enjoy losing money to slot machines. But in your off time, when you are thinking about strategies in a theoretical [link widoczny dla zalogowanych] way and not actually trading by them, you should be willing to think about new strategies that other traders tell you [link widoczny dla zalogowanych] about. If you want to be a professional trader, it is essential to learn from the mistakes and discoveries of others. Professionals in any industry are always learning new things, and Forex is no different.
Third, talk to other traders. This is a part of trading psychology that is often neglected. Many people think that they should hold [link widoczny dla zalogowanych] their strategies close, as if they were trade secrets. This is not how Forex people work. Forex is a dynamic and growing market, and other investors are often happy to share their secrets or bounce ideas off each other. Even professional traders often love sharing their secrets with [link widoczny dla zalogowanych] newbies and amateurs, and even become trading coaches. Teaching others helps the teachers as well. It gives them an opportunity to work through all the logical steps and implications of their strategies in a way [link widoczny dla zalogowanych] that they might not otherwise [link widoczny dla zalogowanych] have to do. If you want to make sure your strategy is watertight, try teaching it to someone else.
It is easy to think that all Forex professional traders must be introverted, grumpy, and socially awkward, because we just work at our computers all day. Nothing could be farther from the truth. Forex forums are full of people who are friendly and eager to share their secrets, both about trading strategy [link widoczny dla zalogowanych] and about Forex trading psychology.
Darren [link widoczny dla zalogowanych] Page is a professional trader, investor, entrepreneur and founder and CEO of Zappy Wealth. Darren runs regular webinars for his clients, is RG146 qualified in Foreign Exchange and has [link widoczny dla zalogowanych] developed a market leading trading psychology course. Check out the website and receive access to some great free content on trading.

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