Psychological components do not allow traders to take decisions properly. So, traders face various types of problems that entice them to take the wrong steps. Many people try to separate their emotions from the trading process but fail to do so. Sometimes, newcomers do not understand that they are making decisions emotionally and become confused about which emotional component is causing them problems. So, in this piece, five psychological components will be discussed that create difficulties for investors.

Fear                                                

Fear is the biggest enemy of investors. When it emerges in your mind, it is difficult for you to take risks in trading. For this reason, many professionals also back as they think that by taking too high a risk, they will lose their profits. Newcomers may be unable to execute their plan because of this. A novice cannot trust his plan as he thinks that it can fail. So, …