How to Manage Fear and Greed When Trading? – Key Points
Fear and greed are two motivators that affect how we conduct our daily lives. These factors might harm a trade. Traders may eliminate these forces by considering the larger picture and making advance plans.
Financial markets are often said to be driven primarily by greed and fear. Although this is oversimplified, fear and greed significantly impact the psychology of trading. Knowing whether to let these emotions run wild or control them might be the difference between a lucrative deal and a short-lived trading career.
Read on to learn more about fear and greed in trading, including when they are most likely to manifest and the best ways to deal with them.
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