Presumption is one of the main reasons for the loss of a deposit during binary options trading. Professional traders always question their decisions. Thus, avoiding unnecessary impulsive and emotional transactions.
Presumption can be caused by a series of luck, or when a trader relies on the opinion of a “Market Guru”, and sometimes just old habits.
A service offering signals is sometimes the reason for draining the deposit because an inexperienced trader blindly relies on a trading signal.
Winning back negative transactions is the result of excessive self-confidence, it turns trading into a casino.
How to start making rational decisions in bidding
The psychological process that takes place during trading should not depend on emotion
. In the psychology of trading, planning, strategies and systems are used.
The most common exercise is filling out forms
Before making a trade, you must write down all the parameters in the column to make a decision. These can be indicators of indicators, money management, etc.
Against each parameter is the result – buy, sell or neutrality of the indicator.
The result is summed up
If everything shows you to buy, you buy an asset. If there is at least 1 sell signal, you do not enter the trade
- Use binary options trading strategies to make a decision.
In this way, you will rely on logic and your decision will be rational and your habits will not spoil the result.
To reduce risks, take advantage of the bonus of one of the honest binary options brokers
Tagged with: The Psychology of Binary Options Trading
