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Binance Academy
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Trading Psychology: How to Avoid Emotional Trading
Summary
Trading psychology reflects the emotions of traders during the decision-making process. To some extent, every trader has emotional touchpoints. Fear and greed are two main emotions that affect traders. Both emotions can lead to poor decision-making, such as going all-or-nothing or panic selling.
Even if traders can conduct technical analysis and fundamental analysis from a high level, if their hearts are not strong and firm enough and they are easily affected by emotions, it will be very detrimental to their investment portfolio, especially in a volatile market like cryptocurrency. in the trading environment.
Trading psychology reflects the emotions of traders during the decision-making process. To some extent, every trader has emotional touchpoints. Fear and greed are two main emotions that affect traders. Both emotions can lead to poor decision-making, such as going all-or-nothing or panic selling.
Even if traders can conduct technical analysis and fundamental analysis from a high level, if their hearts are not strong and firm enough and they are easily affected by emotions, it will be very detrimental to their investment portfolio, especially in a volatile market like cryptocurrency. in the trading environment.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
632.6
+2.73%
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0.858
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