Trader "stoned" - Forex - euphoria!
Euphoria may occur unexpectedly. How much it will last, no one knows. Clouded thinking, loss of ability to adequately predict, and lack of fear to future risks may result in loss of deposit, not only beginners but also experienced market participant.
How to avoid this insidious psychological trap? One answer - to explore the nature of its origin. Main factor of euphoria - unobtrusive appearance and instant capture consciousness trader. Recognize the fact of its arrival is not possible.
Meet the euphoria on the thorny path of currency trading is easy - just close some of profitable trades. Momentary sense of pride in their own success can easily go to the obsession with the eternal good fortune. Thus, to run malicious mechanism for consciousness.
In a buoyant mood when everything seems bright and happy, and a sense of pride overwhelmed, he crawls up to recognize the enemy stays invisible. Each of the next successful deal only enhances a positive attitude. Trader thinks he has completely mastered the market and entered a phase of stability and prosperity that will last forever.
How to beat the euphoria?
Human nature is very unpredictable, and uncontrollable fits of joy inherent in all people in case of unexpected long-awaited success. In this case, the trader once again forgets rule - Forex is work. Articles and books written on this topic do not count. Any profit - it's just a fair reward for hard work. Have you ever seen a bank clerk or secretary to jump for joy when receiving salary?
However, the correct understanding of the issue does not guarantee results. Yes, in order to develop the attitude necessary to conduct a thorough training and dialogue with himself. Joy should be moderate - as at the end of a peaceful, productive working day office worker. It is such a mild sense of joy should experience successfully running a trader - and no more.
Moments of jubilation and celebration are not allowed even in a mild form - too high a risk "catch" euphoria. State of uncontrollable joy and overconfidence to fear as the fire and avoid all possible ways.
Remember - at risk are traders closed the row, or in a short span of time with five or more of profitable trades. In the same group, market participants fall times to increase the size of the deposit of its own for a small period of time.
Fear euphoria wholeheartedly - this "disease" is equally susceptible to people of all personality types and temperaments. A true professional must learn to get rid of excessive joy or deaden the feeling with special psychological techniques and methods.