Trading Psychology Basics for Forex Traders. Zoe Fiddes, Head of Sales at ORE.com comments. Psychology is an important factor for trading; you can have situations where traders make the right call but because they are being pulled into the trade psychologically they close their trades too early or wait too long to close them. It is very common to be into a trade and permit your losses to keep piling up over and above the amount you are willing to lose.
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