Some traders have often pinned their losses on large investors known as “whales,” but these assumptions are flawed. In reality, there are no whales, only the market's reaction to human emotions. As a trader operating in the leveraged market, it’s vital to master the art of interpreting market emotions to optimize profits.
The ups and downs of trading can take a toll on any trader's psyche. Avoiding the most common emotional pitfalls is the first step to mastering leverage trading.
The idea that large traders, the so-called whales, move the markets is a common fallacy. In reality, traders of all sizes and market emotions determine asset prices.
Many new traders often fall victim to scams involving pumping schemes. Understanding the psychology behind pumping is vital in avoiding such schemes.
Mastering leverage trading is all about decoding the underlying market emotions. Understanding the market, as a whole, is crucial in making informed trading decisions. Discard the popular Whales myths and learn to navigate the market's human emotions for success.