Being biased for rally of the forex market
August 23, 2010 9:47 pm BusinessFrustration is taking the driving-seat and posing challenges to a trader. The knowledge of trading psychology helps a trader to take up these challenges.The meaning of not accepting the challenges after having frustrated is that the trader has no capacity to take the market-offer. Of course, frustration comes if nothing happens what we want. Still, like any other frustrating events in our life, one has to respond and a trader can get out of it. Let’s analyze the possible reasons how a trader gets frustrated and constructive solutions to get out those. A trader should personalize the every loss that happens and be convinced on the swift market action that was tailored by “them” to catch his stop or shake his position out. A trader mind should always roll with thoughts how to “pick bad trades” and “always lose”. A question must haunt ” Why this thing always happen to me?” A trader should step in the market after having the knowledge of trading on that particular day. Being biased for rally of the forex market, he should keep buying the new low items when the market starts falling thinking he is piocking every new button.