Emotional Trading

Emotions have no place in Forex trading. A trader can never be successful if he trades with emotions. I have seen many traders who have not been able to make a profit by trading for many years. I have researched about their non-profit, that they give more importance to their emotions while trading. Therefore, when trading you have to trade without emotions and do regular meditation. Meditation helps to control emotions.

AliaDare posted:
Emotions have no place in Forex trading. A trader can never be successful if he trades with emotions. I have seen many traders who have not been able to make a profit by trading for many years. I have researched about their non-profit, that they give more importance to their emotions while trading. Therefore, when trading you have to trade without emotions and do regular meditation. Meditation helps to control emotions.

I also meditate before trading. It helps me to clear my mind. Cloud mind can temper your trading mindset.

We should try to restrain our emotions and avoid our emotions from impacting our conclusions. This isn't straightforward and might take long time and expertise to create our trading emotion free. Emotional management is more essential when a person loses money in Forex trading because this is the time when many men and women behave irrationally and take hasty conclusions with a view to recoup their losses.

Unfortunately, our emotions don't always work for the good. Especially in trade. Here the opposite often happens, our emotions harm us.
But we're not robots and it won't work to turn off the 'emotion' switch in the brain. But we must minimize them.
Although, when you make money, it is difficult to hide your joyful emotions, isn't it? lmao.

Give yourself time to learn to control your emotions, when you have certain things, it will be easy.

SofieAndreasen posted:

AliaDare posted:
Emotions have no place in Forex trading. A trader can never be successful if he trades with emotions. I have seen many traders who have not been able to make a profit by trading for many years. I have researched about their non-profit, that they give more importance to their emotions while trading. Therefore, when trading you have to trade without emotions and do regular meditation. Meditation helps to control emotions.

I also meditate before trading. It helps me to clear my mind. Cloud mind can temper your trading mindset.

Yes, of course, meditation helps to clear the mind. If a trader's mind is not clear, there can be many problems in trading.

To trade, you need to approach really without abstract thoughts and be as focused as possible.

Emotion will never make a good trading setup because all decision only based on emotion, like in angry, sometimes can make any people do act very worst and scaring, trading forex needs more high patience and avoid emotion, choose intraday trading style may reduce emotion rather than use scalping trading strategies.

If one bring emotions in the trading then everybody knows what happens next so better apply strategies and trade with your mind.

Every trader has to trade by maintaining psychiatry. If a trader cannot maintain psychology, it will be difficult to make a profit.

I think making your own rules to follow when you trade can help you control your emotions.

Bringing emotions into the trading is such a bad idea, all the emotion should be taken out or atleast be controlled before you can start trading

If I do emotional trading, no matter how good the investment, it will prevent me from making a profit. So I have to give up emotions and start trading.

Every time emotion master the minds, usually decision that made based on revenge, and resulted in bad trading plan, never pay attention with the risk anymore and relying on the luck, emotion is like as the source of disasters in forex trading, but sometimes trader felt so hard to avoid emotion, maybe because this is human nature, all have emotion, the difference is how to control minds

It is best to control all kind of emotion in trading.

Fx_howie posted:
If one bring emotions in the trading then everybody knows what happens next so better apply strategies and trade with your mind.

Yes if you do emotional trading you will definitely lose, it’s always better to have a good trading strategy.

AliaDare posted:
If I do emotional trading, no matter how good the investment, it will prevent me from making a profit. So I have to give up emotions and start trading.

Right. Trading and emotions are inversely related to each other, the more you engage in trading with emotions the more you will loose. So its better to keep emotions away and keep up your trading in the correct direction

I agree with the above written on really controlling emotions is not as easy as it seems to us, but you need to understand that it is necessary.

That is bad and I'm sorry for your loss. You can probably use demo accounts or micro accounts for a while until you get back on your feet.