To use chat, please login.
Back to contacts

Emotion in Forex trading

Adribaasmet
Dec 24 2018 at 13:19
951 posts
Hello Allan; I also liked your comparison; well done! Thanks for your detail answer! Actually, that’s the real scenario & this is why, Forex is called smartest way of money earning.

Olas Niko (Trader4hire)
Dec 25 2018 at 07:34
42 posts
There must be no emotion for one to succeed in Fx, make a decision when required.

Move along with the Market
AniLorak
Dec 25 2018 at 13:26
920 posts
Trader4hire posted:
There must be no emotion for one to succeed in Fx, make a decision when required.


Of course, it is! But, it takes such a long time to learn & make a professional mind set! I see, almost all of pro traders focus on their trading process instead of result.

Olas Niko (Trader4hire)
Dec 25 2018 at 14:30
42 posts
AniLorak posted:
Trader4hire posted:
There must be no emotion for one to succeed in Fx, make a decision when required.


Of course, it is! But, it takes such a long time to learn & make a professional mind set! I see, almost all of pro traders focus on their trading process instead of result.

In my place of trading with the banks, no selected traders have emotions, funny enough, i was picked up from here around 2007, emotion its one thing you must put in the bin if you want to succeed, especially when you are working under big organizations

Move along with the Market
nick3232
Dec 25 2018 at 14:36
162 posts
a good way to clear emotions is to have a low risk money management

AniLorak
Dec 26 2018 at 08:54
920 posts
nick3232 posted:
a good way to clear emotions is to have a low risk money management


Of course, it is; low risk reward ratio is very much important! Because there is guarantee; during your tough time low-risk reward ratio will help you a lot for sure.

Olas Niko (Trader4hire)
Dec 26 2018 at 08:55
42 posts
nick3232 posted:
a good way to clear emotions is to have a low risk money management


You can still have that and still full of emotions, Best way is exit when its time to exit and be stingy with your profits

Move along with the Market
BartenderFX
Dec 26 2018 at 09:24
14 posts
just trade with funds you can afford to lose.

I have not much experience, which is less than 2 years, I don't touch other people monies and I trade with money which I can afford to lose.

RosdiXM
Dec 26 2018 at 09:32
7 posts
Good discussion.......
Try not to risk more than 3% on single trade

AniLorak
Dec 26 2018 at 09:54
920 posts
RosdiXM posted:
Good discussion.......
Try not to risk more than 3% on single trade


Even, I think sometimes 3% is aggressive; such as if you face consistent 3 SLs; that means almost 10% of your trading account.

Please login to comment .