OnlyTraders PodCast (Intro)

Containing fear and greed are key to making money

Trading psychology is used to describe the emotions and feelings generated through the trading process that a typical trader will encounter. It is the mental state that shapes how a trader reacts to gains and losses occurred from trading. The ability to handle emotions and stick to the trading plan. Similar to other trading aspects, like knowledge and experience, trading psychology is a key factor for profitable trading. While some emotions can be justified and managed like fear and greed, other emotions can be more complex and harder to be contained. Developing a successful trading mindset is very helpful in fully mastering the trading psychology.