Overthinking in Currencies
Overthinking in the world of trading and cryptocurrencies is natural, as the market is fast-changing and full of surprises. The main reason behind this is the sharp price fluctuations; a currency's rise or fall within minutes puts the investor in a state of constant anxiety between greed and fear. Additionally, the abundance of news and rumors on social media increases the trader's confusion and makes them hesitant in making decisions.
Success in this field does not only depend on monitoring the market, but also on avoiding greed and having a clear risk management plan. The more a trader is without a plan, the more their overthinking and fear of loss increases. Therefore, it is always recommended to focus on long-term goals and to avoid quick decisions based on emotion.