Trading psychology - start managing yourself
- VFX Blog
Many traders are faced with a seemingly strange situation - they get good results when trading on a demo account, but cannot repeat it even 50% when working with real money. This example proves the influence of psychology on the process of how to make money on binary options.
Working with a virtual account, he calmly implements the selected trading strategies, successfully applies his own knowledge. As soon as a trader deposits real money into the account, his emotions, inefficient rational attitudes and fears interfere with the course of trading. He is overly cautious, takes unnecessary risks, closes a profitable position ahead of time, or enters the market before the trend changes.