human psyche

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eröffnet am:	20.12.06 11:16 von:	Samir	Anzahl Beitr�ge:	5
neuester Beitrag:	22.12.06 13:11 von:	BullenBaer	Leser gesamt:	538
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20.12.06 11:16

Samir : human psyche

Hi,

What do you think: How important is the human psyche, while trading?

Greetings Samir

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20.12.06 22:21

MrFibonacci : Trading is a psycho game

Hi Samir,

well, I think trading is mainly dominated by human psyche.
Humans react on news (corporate, ECB/FED-decision, enviromental catastrophes, war and so on). Their reaction can be seen in the chart.

An example:
Fact: A company publishes its year earnings.
You say => Fine, they are better than I expected => you open longs.
I say => that profit was too less => I open shorts or close my longs.

What's your opinion?

Best regards
MrFib

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21.12.06 21:53

007Trader : Trading and psyche

Hallo Samir,

I agree with MrFib.
One of the main risks for humans in trading is their psychological weakness. There are lots of interesting books written about this theme. It's a kind of never ending story respective never ending learning about yourself.

Wish you a merry X-mas!

Enjoy the days off
007

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22.12.06 12:14

Samir : human psyche

Hi MrFibonacci and 007Trader,

I think, it's just like a game of poker. The more you invest the more you can loose and that makes you nervous. You need a lot of experience to stay cool. You should try to act rational and you shouldn't only follow the herd.

Greetings Samir

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22.12.06 13:11

BullenBaer : successful...

The key to successful Forex Trading unlike other financial markets, is knowing yourself. I mean knowing your behavioral pattern under given circumstances, not certainly enlightenment of self... you should know when to quit.

Merry X-mas to all!

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