Trading Basics: Trading Psychology

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About Price

Estimated time - 15 mins

Why Price Moves Up or Down
Brokers and Exchanges
Candlestick Chart
What is PIP and LOT

Trading Basics

Estimated time - 60 minutes

Probability Game
Market Types
Indicators
Signals
Stop Hunts, Fakeouts, and Traps
Trading Psychology

How to Create Strategy

Estimated time - 15 mins

Preparation of Datasets
One Dataset of One Market Type
Multiple Datasets of One Market Type
Multiple Market Types
Real Market

Trading Psychology

It is important to manage emotions so that they do not influence traders and traders rather follow strategy. These are common emotion that can influence trading:

Boredom may result in overtrading. Traders risk in trades that are less probable to win.
Anger leads to revenge trading. Traders enter risky positions to take revenge on their failed trades.
Fear, uncertainty, and doubt (FUD) can influence traders to sell bottoms.
Greed or fear of missing out (FOMO) can influence traders to buy tops.

Next section: Preparation of Datasets