When you trade a lot, you get nervous and tired very quickly. Overtrading is one of our main enemies, especially when you are on a path of capital loss and loss. But there are ways to never overeat and always be ready for the next trade.

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What is Overtrading?

Orthrading in the financial markets, forex, stocks, metals, etc. refers to the process of buying and selling excessively. This is something that novice and experienced traders can experience. It happens when people do not stop trading and eventually move towards trading failure.
It is important to note that the main causes of orthriding are related to the psychology of trading and how traders react during the process. This mistake, and ultimately the failure of ortriding, is when traders make trades without a systematic trading schedule. In short, it is their feelings and greed that drive the trend towards over-purchasing in the market.

Right now, because this is a psychological issue, there are ways to change people’s attitudes toward the deal. Through self-correction and informed decision making, traders can break this destructive habit. Stop, we’ll talk, just before we get into the more specialized issues we need to point out that Over tradings is a psychological issue. A very important and common factor among successful traders is that they have complete control over their soul and psyche, so they do not have such problems. You can also stay away from this black hole by following the tips below:

The importance of having a business plan

This is the first technique for any trader, whether they have trouble buying too many currency pairs. Having a trading plan can bring order to your trading process and keep the trader informed of their decisions.
A trading plan must show that it is the specific instrument through which one wants to trade. It should also indicate the specific time of day when he intends to trade and, of course, the approximate amount of profits a trader wants to make and the losses he can incur.
In short, a trading plan should provide a way for the day and inform the trader of his realistic expectations. Following these self-made rules is one of the great solutions. This can help traders know the exact time of the transaction instead of the messy trade.

Never trade all day long!

An important feature of Forex trading is that it does not seem to be an eight-hour job where you have to open new trades and always close old trades. In trading, the most important thing is to use the right opportunity, something that can not be achieved by trading all day.
But perhaps more importantly, sitting too much in front of a screen during the day can inevitably tire a person and impair his or her ability to make accurate decisions. In the experience of many traders, this can be one of the main indicators of failure! You may think that you have to trade all day to succeed, when all you are doing is overdoing it.

Take a break after a big loss

If you have recently experienced a major loss in the market, you have become subconsciously emotional, whether you are aware of it or not. To be more precise, the “big loss” has a different size for each trader. For idealistic and professional traders, a loss of 2% can be a big loss, but for gamblers it is even bigger.

In any case, where the damage puts you under stress, you should leave the market for a few days or even weeks and allow yourself to go through the recovery process. If this period does not pass during the break, you will most likely trade too much and seek compensation for your loss.

Instead of Over tradings, trade a certain number per day

This advice may be difficult for traders trading in short timeframes, but it is really necessary. They know no bounds and sit behind the monitor for as long as they can and trade.

For example, in the beginning, I even did 50 trades on some days, but in the end, I was satisfied with a maximum of 5 trades per day, if these 5 trades were profitable, thank God! But if it hurt me, I would close MetaTrader and not look at the charts until tomorrow. Looking at charts when you do not want to trade will force you to trade.

Set daily profit and loss limits

When it comes to profit and loss, readers’ subconscious minds turn to TP or SL, which we specify for each trading position in MetaTrader. But Recommendation No. 3 has nothing to do with this. More precisely, we mean to set a profit and loss limit for your working day. For example, suppose my daily profit and loss limit is 2%, in which case even if I still have 3 trades and the first trade is at 4% profit, the second trade at 2% loss and the third trade at the top of the series. , I close all my trades manually, because I have touched my daily profit target of 2%.

Of course, doing this requires overcoming the power of human greed and requires a little practice and experience. “You earn ten times more.” But it is these greedy greed that lead to the bankruptcy of traders.

Conclusion: You no longer experience Over trading!

Overtrading or over-trading is one of the most important reasons that prevent traders from achieving financial goals.

You need to be honest with yourself and put honesty at the forefront of your trading career. If you follow the above tips, I promise you that you will easily achieve your financial goals.

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