Emotions can cloud judgment, leading to poor decisions from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
When it comes to trading in the forex market, emotions can be both a trader's best friend and worst enemy. While emotions can add excitement and intensity to trading, they can also cloud judgment and lead to poor decision-making. This is a concept that all traders, regardless of their level of experience, need to understand and be mindful of.
When emotions like fear, greed, or excitement take over, it can be challenging to make rational decisions based on sound analysis and strategy. Instead of sticking to a well-thought-out plan, traders may succumb to impulsive actions driven by their emotions. This can result in trades that are based on gut feelings rather than careful consideration of the market conditions, leading to losses and missed opportunities.
In the world of forex trading, where the market is constantly moving and changing, it is essential to remain calm and objective. Emotions can cloud judgment and prev...
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