August 7, 2016
elliott-wave-forecast

4 types of Emotions every trader needs to overcome

The psychology behind trading is the force that makes the moves in the market. Besides a good Elliott Wave analysis and proper money management, trading psychology is crucial for being successful in this business. There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, Hope and Regret. 1. Greed could be defined as a trader’s desire to trade in order to provide an unrealistic profit. Greedy traders focus only on how much money they could have made. This emotion frequently leads to ignoring proper money management and often prevents […]
August 7, 2016
elliott-wave-forecast

The Disease of Me: Reason behind failure of many traders

The Market is the king of all kings when it comes to trading. Many traders enter the Market with the belief that they will become multi-millionaires in a very short period of time and start disrespecting the Market. As we have always said, the Market is very mysterious and  most trader experience a higher degree of success during early stages. It is at this early stage when the Disease of me starts growing and creating a very turbulent and dangerous future for the traders. Ego by definition is in your conscious mind, the part of your identity that you consider your “self.” If you […]