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MARKET PSYCHOLOGY ANALYSIS IN FOREX TRADING
trong
Thông tin chung
Sep 09, 2024 at 12:23
1. What is Market Psychology?Market psychology refers to the common thoughts and emotions of people participating in the financial market at any given time. These emotions include greed, excitement, fear... all of which contribute to shaping market sentiment. Market psychology explains the direction in which the market moves. For example, if investors suddenly feel scared and lose confidence, leading them to withdraw, the market may decline.The Forex market is the sum of all the different viewpoints and actions of those participating in it. Every forex trader has their own interpretation of th...
Forex: Should You Start Trading with a Demo Account?
trong
Nhà giao dịch mới
Sep 09, 2024 at 12:20
When entering the world of Forex trading, one common debate revolves around whether beginners should start with a demo account or dive straight into live trading. Both options have their merits and drawbacks, making it essential to consider what works best for your learning curve and risk tolerance.Skin in the GameCritics of demo accounts argue that trading with fake money doesn’t prepare you for the real emotional intensity of live trading. Without your own capital on the line, the psychological aspect—fear of loss and greed for gains—is significantly reduced. On the flip si...
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