TradingPsychology Archives - Online Finance Blog

Understanding Cryptocurrency and Blockchain

September 3, 2024September 3, 2024 Denny Mackblockchain, Cryptocurrency, InvestorMindset, TradingPsychology0 comment

Understanding cryptocurrency and blockchain are fundamental to understanding the new economy. A person or entity known as Satoshi published an online paper outlining its principles back in 2008. Cryptocurrency offers many advantages, such as being able to transfer money more cheaply without going through banks, using a database known as blockchain technology. What is a blockchain? Blockchains are databases that store information in blocks secured with cryptography, making it the perfect way to immutably record any type of data, from transactions and votes in elections, product inventories and state IDs,…

Cracking The Code of Share Trading Psychology

April 2, 2024April 2, 2024 Denny MackEmotionalControl, InvestorMindset, ProfitTakingStrategies, TradingPsychology0 comment

As part of your journey towards being a trading pro, it is important to get to grips with the workings of your own mind. Getting in tune with your emotions and general psychology will help you avoid making bad decisions driven by irrational thinking. Trading psychology is a bear pit full of potential pitfalls: fear, greed, overconfidence and herd mentality can serve as roadblocks preventing traders from growing their equity accounts. By identifying these traits for what they are, aware traders can take steps to mitigate them in their trading…