#TradingPsychology #TradingPsychology

Trading psychology or psychology in trading is a critical factor and has a huge impact on the efficiency of trades and strategies. Despite the widespread misconception, the best traders are not those who have studied all the books and indicators; they owe their success more to emotional control than experience.

Trading psychology or psychology in trading is a combination of the trader's reactions to events occurring in the market, which reflects the nature of the trader's decisions. Traders can react differently to the same event; for example, if stock values sharply decline, some begin to panic and sell assets quickly, while others prefer to buy stocks at a low price, asserting that the stock's value will rebound and that their purchase will be justified.