forex trading emotions, forex trading psychology how to beat your emotions, how to control emotions in forex trading, how to handle your emotions trading forex Yeah on Today won't be taking long entry.
I would be taking I just want to touch on something very important as always There's only something very important which we have to see in.
Okay, so I've been holding this trade for about a month right now I even forgot the small account that I had opened these trades so Today, I'm going to solve all these trees.
I'm just going to talk about a trader psychology, you know like as a tree that the things which you just miss and I yet so simple Without even having to look at the charts.
It was today or in crashed many people are surprised but then You such things shouldn't surprise you If you're into oil trading such things will surprise you because they are Common sense if I can see they are common sense So I always see as a trader Your your lifestyle has to change they're moving to decide that you want to be a trader you're committed to leading Your life by should automatically change You know because you should feed on research and you should cultivate knowledge When people are seen chaos when it's chaotic always Find that opportunity Always find that approach is you must you must fall in love With the sound of your Metatrader coming on the background when people are seeing heroes you know, you know that this is an opportunity to do this and that so Everything which happens around you must slowly philately late.
It must mean too little goes right now Let's just talk about three things of retouching on Amazon and Amazon and way And the last one I see three Netflix.
Let's put in Netflix let's talk about Amazon while in matrix So let's start off with oil Let's start off with wait with oil since the beginning of this coronavirus we eventually That a shout down would okay know that a lockdown would okay in in most countries if not all so this leads to a decline in the to Bala : so We know that airplane stocks are affected because travels are bent.
So with the initiation of these lock downs most things are closed shops are closed travel is restricted and Protection is also halted, you know, so right let's just look at the basic use of all it's used moopheus Petroleum, if I'm correct, so if it's uses for petroleum, we have planes We have fewer planes traveling if they are in we have fewer cars often traveling we have fewer manufacturing companies operating You know so oil is no longer in demand.
So we have the demand of oil decreasing the demand of oil decreases So as the demand decreases Or it becomes cheaper because oil Manufacturers or those who are is well being closer in But there are mine wait, whatever the process To apply away forever.
Those manufacturers are doing You find that they are reserves are filled with oil because Fewer and fewer people or fewer and fewer companies are using oil Because you cannot use you cannot continue If your car is in your yard Cleaning companies cannot buy oil if less planes are traveling Tracking companies cannot buy oil if less trucks are on the road So I hope you're getting a picture for I'm saying so overall the oil demand decreases and as demand decreases their reserves Are getting filled So that means oil Spiritists or oil reserves we get filled to a point whereby there is no longer enough storage That will crash the oil market just like we're seeing right now It was bound to happen at some point and hence the price of oil decreases drastically The price of oil decreased drastically because they want to get that oiler of the stories They want to get the toiler of their reserves So what they do? is they just have to Decrease the price so that demand can start picking up So let's go through Let's move on through Amazon No, this is just basic knowledge you don't need the green statistics or economics You don't need to be genius in those areas to figure this out.
This is just a daily life routine You just add one plus one.
You just get true.
So amazing Amazon sorry for that.
Let's move on to Amazon.
So with less People because we're still around this coronavirus issue.
We do YouTube political factors once more With less retailers opening Let's retire early stealers open birth shops are closed down so that means most things are done online Amazon we found not mistaken on Babineaux is one of the leading online retailers, although They are restricted to sealing set him For that essential products, but then you have to know that The use of Amazon will increase because right now most things are time online the use of Amazon to purchase products will increase When States are buying medical supplies and everything Amazon will also be one of the go-to retailers you know through their spoke of Amazon will increase Amazon stock price wouldn't it crest first rhythm crest first? That's when you do what you either feel you idiot stocks as I mentioned in the past You don't just buy any stock right now.
You just look You look and figure out which stocks are worth buying where do you buy this even just buy anything just You there's a point, you know, so that's where vision comes in that's it the importance of vision You have to look okay, so we are in a lockdown Tubule economy is shrinking spots of plummeted that then Retail sellers sellers Those who are online online retail sports Will usually be the ones with the most customers They will be the ones with high activity hence.
Their stocks will begin to rise So Amazon is one of them then the final one I was going to tell about Netflix So with all that being said, I'm sure you've already know the Netflix shares on Netflix stocks have done it's pretty obviously have risen because right now You are watching Netflix So if you are watching Netflix, you have to know that Your neighbor is probably watching Netflix your friends are probably watching Netflix many people are probably watching Netflix because A restricted one movement once more is respected.
So as you are watching Netflix You have to ask yourself what happened to Netflix dogs? Because if you are watching it many people are watching it eventually Netflix box will rise So you just see how? That this affects your life then you apply it to the charts You apply it to your own your treat if you are stopped reader You know that if I'm watching Netflix Then I go online my own social media receivers test Netflix series out Doing what not you can see that many people The general population is tuned into Netflix.
That means the Netflix talks will start rising simple is ABC So these are just some of the basic things which you miss And that's why at some point pleading becomes easier When you can just figure out stuff like this you can just apply What happens in life through the task? You have to meet what happens in life to the chart up like So yeah, that's it for me.
That's it for me for now.
I hope This lesson was a bit educative for some.