Risk of FOMO Trading (Fear of Missing Out)

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As stock market continues to rise, many investors and traders are desperate to buy at high prices. The same happens in cryptocurrency. Many people are desperate to buy Bitcoin, Ripple, or Ethereum at a very high price, even if they do not know what cryptocurrency is and only hope to get rich quick like everyone else has bought it before. Why is that? This happens because they are afraid to miss not get the profit. This is a phenomenon called FOMO (Fear Of Missing Out). Trading based on emotions like FOMO is very risky. What exactly is FOMO? How does it happen in terms of psychological aspects? What is the danger? And how to solve it? Read the next article to learn more about FOMO.

Bahaya Trading Berdasar FOMO (Fear of Missing Out)

How Important Is Trading Psychology?

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Many traders already know that trading success are determined by the 3M factor, as described by Dr. Alexander Elder, a professional psychologist and trader. He said that there are three pillars in trading, which is 3M (Method, Money, and Mind). A successful trader must have all three. But most traders have a misconception about these three pillars. Generally they consider these three elements has the same role in determining the success of trading. Yet the facts say otherwise. There are elements that play a bigger role in determining the success of trading. Read this article to find out more.

How Important Is Trading Psychology