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trading psychology

The psychology of technical analysis: Self-fulfilling prophecies and confirmation bias

In this article, we will explore the psychology of technical analysis, specifically the concepts of self-fulfilling prophecies and confirmation bias. We will also discuss how these concepts can impact the effectiveness of technical analysis for crypto day traders. Self-fulfilling prophecies in technical analysis A self-fulfilling prophecy is a belief or expectation that influences a person’s behavior, leading them to take actions that ultimately confirm the belief or expectation. In technical… Read More »The psychology of technical analysis: Self-fulfilling prophecies and confirmation bias

Managing emotions in crypto trading

To be successful in crypto trading, it’s important for traders to learn how to manage their emotions and make rational, informed decisions based on market analysis and risk management strategies. Why managing emotions is important Emotions can play a significant role in trading, and can often lead to irrational decision-making. For example, traders who are feeling euphoric after a successful trade may become overconfident and take on more risk than… Read More »Managing emotions in crypto trading

Crypto Paper Trading

Paper trading is a way for traders to practice and learn without risking any real money. In this article, we will explore the concept of paper trading, its benefits, and where you can do crypto paper trading. What is Paper Trading? Paper trading, also known as simulated trading, is a practice used by traders to test their strategies and theories without risking real money. It involves using a virtual trading… Read More »Crypto Paper Trading