Therefore, if traders seek skills, they might as well learn to improve their thinking and mind first. What specific trading thinking do you need to know?
Probabilistic thinking
Foreign exchange trading is a game of probability, as the industry proverb says; Expert traders consider probability, while novices always rely on speculation.
When thinking about trading, the whole thinking mode stays in the balance of losing and winning, and there is no certainty deviation of 100%. Just like a seesaw, if you try to use your trading strategy, you will win more than you lose, even if it is only 5 1%. Of course, try to widen the gap between the two.
The trend of foreign exchange trading market is full of uncertainty and unpredictability. Sometimes you may try your best and do everything, but you still fail. Why?
Because another 50% is done by probability. What is the specific principle of circulation? It is suggested to establish a thinking system of trading strategy execution, including probability factors, and work hard on the superior probability.
80/20 rule
The 28 Law means that about 20% of everything is primary value and about 80% is secondary value, which points out the imbalance of things. This law tells us that in foreign exchange trading, traders try to focus on the main core issues and try to exclude other irrelevant factors.
Positive golden rule
The golden rule is a positive attitude. Traders have been ups and downs in the foreign exchange industry for a long time, and everyone has their own amulet. Moreover, this amulet is engraved with a positive attitude, while spaghetti is engraved with a negative attitude. As for how to turn over when trading, it may depend on your personality and daily training.
Everything has two sides, and the positive energy generated by people with positive attitudes brings the trading balance closer to the winner.