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Controlling Your Emotions Makes You A Better Crypto Or Forex Trader.

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@onwugbenuvictor
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Controlling your emotions is one of the best crypto or forex trading hack, which should not be ignored, you could be a good crypto or forex market analyst but if your emotions or trading Psychology is not strong trust me you will still lose a lot of money in the market because our psychology and emotions play a major role in becoming a successful and profitable trader.

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As a crypto or forex trader, you don't only get emotional when you are losing money but also when you are making money, when any of this is happening if you don't have your emotions understand control, you will surely make so many irrational decisions, like either panic selling or panic buying, which you might regret later.

When your emotions take over while trading or making a trading decision, you tend to forget all the research and market analysis that you have before you place the trade, which is caused due to lack of confidence or overconfidence/greed or excitement.

When you're in a losing trade and your emotions take over, you start questioning your strategy, your research, then you lose your confidence, become afraid, and lose trust in the trade you placed, next thing that comes is what have I done wrong, is the market against me, have I offended the market makers or am I not met for the trading game.

Then when you're in a winning trade and your emotions take over, you start feeling like superman, then greed sets in, and you start feeling like you are invisible until you get caught in a dip or bear market, then you start regretting.

So now what you need to do is learn how to control your emotions and you can do that by doing proper research on the coins you want to buy or the currency pair you want to trade on, make proper market analysis, make a good risk management, make a good money management, and know what you're investing properly before entering the trade that will give you conference and help keep your emotions under control.

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