Every day I get tone of emails and messages from traders, specially from beginners. One of the most often asked questions is how to control emotions in trading.
So today I will share few tips, that I hope will be useful for you.
First of all, don’t spend much time trading on Demo account. Yes, you have to start with Demo, but as soon as possible open live account with small investments. The thing is trading on Demo and on Live account is much different. You can build strategy, get consistent profits in your Demo account, but when it comes to real money your emotions will influence your trading decisions.
One more important advice I can give you is to be realistic. Most of beginners expect to get huge profits every day and always hunt some mysterious Holy Grail.
The reality is other, most of the traders make almost all their annual returns thanks to few big moves (as such moves don’t happen often). All other time they have some profits and some losses. Because of unrealistic expectations beginners are getting frustrated about trading and get into psychological trap and as result make a lot of mistakes.
Wish you great trading week!
Hi! My name is Inna. I turned $10k into $3 millions in a few years of trading. I am here to share my success and help you to become financialy free. You are welcome to my website!
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