Forex Psychology

There are many theories explaining the bursts and general market movements. Wall Street is divided into two large groups – supporters of the theory of market efficiency and its opponents, who believe that the market can be won.

As it is known, success in exchange trading largely depends on the psychological state of the trader. Therefore, many books and workshops are devoted to the psychology of trade.

In order to succeed in any endeavor, it is necessary to choose the right approach to the organization of the case.

At first glance, trading in the financial markets is something mystical, because there is no specific formula for success. The market for a trader – like an ocean for a surfer – requires talent, balancing skills, patience, proper equipment and attention to events.

 Forex can be compared with one of the sports, and the trader, respectively, with the athlete who aims to achieve the highest results.