Lesson 1: Understanding the psychology behind trading

How important is psychology in trading?

Trading psychology refers to a trader’s mindset during their time in the markets.

One of the keys to developing successful trading psychology is identifying your personality traits early on.

Trading psychology is different for every trader, as it is influenced by each individual’s own emotions and pre-determined biases. Some of the emotions which impact trading are:

• Happiness
• Impatience
• Anger
• Fear

Below is an illustration on, How much trading psychology has influence on your trading success!