Even though most traders can predict the price movement accurately, yet the success rate is very low. This is because of the psychological barriers that needs to be removed in ones mind to avoid mistakes while trading. These barriers are
a. Losing focus
b. Hesitation to enter when opportunity presents itself
c. Inconsistency in implementing a tested strategy
d. Remembering personal obligations while trading
If a trader can avoid such psychological barriers, trading will be a simple process. However training our mind to perfection is not an easy job. So much of determination is required to avoid the above mentioned pitfalls. Have you overcome those hurdles as a trader?
a. Losing focus
b. Hesitation to enter when opportunity presents itself
c. Inconsistency in implementing a tested strategy
d. Remembering personal obligations while trading
If a trader can avoid such psychological barriers, trading will be a simple process. However training our mind to perfection is not an easy job. So much of determination is required to avoid the above mentioned pitfalls. Have you overcome those hurdles as a trader?