Ensure your mindset is as strong as your technical strategy with our trading psychology articles on trading myths, FOMO and more.
Introduction to Trading Psychology
Disciplined traders have a good understanding of the psychology aspect of trading. In this section, learn the fundamentals of trading psychology, and explore the myths vs. the reality of trading, as well as how to improve your trading bias.
Trading bias allows both novice and experienced traders to make informative decisions.
Fear of Missing Out
Fear Of Missing Out (FOMO) in trading is an important part of trading psychology. Find out what it is, how to deal with it and manage common triggers, and why the Joy Of Missing Out (JOMO) is the new FOMO.
Learn about the differences between FOMO and JOMO and why it’s time to leave FOMO behind.
Taking Control of Your Mind While Trading
Develop the discipline and objectivity you need to be a successful trader with our tips on managing powerful emotions such as fear and greed. This section also explains how to improve your approach to trade more consistently.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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