Thomas K Brown

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Why is psychology training essential in forex education?

Forex education often emphasizes charts but neglects psychology. Yet, institutions invest heavily in trader psychology programs, teaching stress management, discipline, and emotional regulation. Retail traders who ignore psychology often blow accounts despite good strategies. Benefits: emotional resilience prevents revenge trading and panic exits. Risks: untreated biases (fear, greed, overconfidence) sabotage success. Practical methods: meditation, simulation under stress, and strict routines. Forex is 20% strategy and 80% psychology—mastering emotions is the real curriculum.