Glyco Boy Blog

Every trader gets frustrated at some time or other and this poses a problem for them. A trader gets frustrated because his trades do not go well. He might find the market not favorable for his trading techniques. It would be possible to overcome this sense of frustration when the trader understands trading psychology. It all depends on how a trader reacts to situations which frustrate him. What are usually the causes that make a trader feel frustrated? When we can get some understanding of these, we can arrive at practical solutions to overcome this sense of frustration. A forex trader may want to blame his loses on others. He might take it personally and feel that ‘they’ have done this to him, just to make him lose. A trader may convince himself that he has the misfortune to always pick trades that bring him only losses, and that he is a confirmed loser. He might keep asking, ‘Why me?’ The trader might start trading with a well entrenched bias about the market. He might get into the habit of buying as the prices fall, and keep this up, because he is convinced that the market is bound to pick up sooner or later.