Trading psychology is mostly ignored but it remains one of the very important factors to be considered to ensure successful trading.
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As a human being, we all have emotions which include fears, greed, jealousy, pride, joy and hope. These emotions can impact ones life in a negative or in a positive way. Emotions need to be controlled as this will enable a trader to make informed decisions on his trading. This means that learning the art of trading is not enough but learning how to discipline your self to always make the right decisions in any market situation. Therefore developing the right trading psychology means changing from what is normal nature of man to a more controlled state of mind.