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Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
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Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
Trading Psychology Phases of a Beginner in the Forex Market
The psychological factors involved in Forex Trading especially for a beginner are crucial in his first steps. From the entry point when newbies open a demo account and perform a few successful trades they ultimately think that they will open a live account and generate huge profits. As soon as they start trading, this time with their personal savings, the emotions involved can truly be overwhelming leading almost always to failure. From this point onwards various phases occur in his trading psychology which can either be constructive or detrimental for a trader’s career.Forex Trading Psychology – A Beginner’s First Emotional Pitfalls
You may have witnessed cases where you started trading when the market was expected to head into a certain direction according to technical patterns but the market ended up persisting with its current trends instead and did not follow with the expected changes. Newbies need to be prepared for such scenarios as dealing with similar situations isn’t exactly a walk in the park. Before jumping into the market, a thorough research is vital; both simple and technical. Ignoring either of them, often leads to “burns” which can negatively impacting their confidence and their ability to trade and make future earnings in Forex. If beginner’s can acknowledge and overcome this first crucial hurdle, their learning and development opportunities in the Forex market can truly be great.Forex Trading – How to Open a Live Forex Account
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