Emotion in Forex trading

Jun 13, 2018 at 10:19
10,196 Views
308 Replies
Member Since Oct 24, 2019   45 posts
Nov 26, 2019 at 11:38
Personally I beleive in meditation and I do regularly it helps a lot to maintain the focus in personality but keeping emotions in control is something spontiniously sometimes in trading so keep an eye on the market don't rush on making decissions and taking steps.
Revenue is vanity, profit is sanity, but cash is king
Member Since Aug 27, 2017   994 posts
Nov 29, 2019 at 14:22
AniLorak posted:
Adribaasmet posted:
Aqissiaq posted:
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

You are right! I do meditation regularly and it helps me a lot to control my emotions and greed! Eventually, I can perform well in trading!

Hi buddy; what’s the process on your meditation for trading? are you following the same way as like general steps?

Yes buddy, I follow the general rules of meditation, no secret souse.
Member Since Dec 04, 2019   12 posts
Dec 04, 2019 at 10:40
Emotional conditions are different for each of us. Some people can keep calm and trade in red, some, like me, worry about every failure. It is really important to accept the fact about your personality and note whether you need to train or not.
Member Since Aug 11, 2017   886 posts
Dec 09, 2019 at 08:55
When I joined this market place I took it as a casino and tried to make money very quickly . as a result fallen a great loss due to lack of exact trading knowledge , it would be great if we take this market place as professional things. Otherwise we will be loser.
Member Since Jan 05, 2016   1189 posts
Dec 14, 2019 at 23:20
Greenwood posted:
Are you saying that emotions are good or bad?

Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Sep 07, 2019   1 posts
Dec 16, 2019 at 15:40
Fully Agreed on this point
Member Since Aug 04, 2011   7 posts
Dec 25, 2019 at 07:38
A moment before judgement take places, you don't understand. after loss define out result, you understand that you are unprepared to accept that...the risk. what traders expect are, are real profit. and freak no out nothing to a case where worst could happen.
Member Since Sep 03, 2018   19 posts
Dec 27, 2019 at 07:51
Professional4X posted:
Risk management is the #1 priority.

Agree, who could handle the forex when risk management does not exist
Member Since Oct 19, 2019   34 posts
Dec 27, 2019 at 09:59
Professional4X posted:
Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.
Couldn’t agree more. If emotion, by any way, finds a way into trading schedule, that will do no good to one’s account. One should practice more to avoid emotions while trading.
Member Since Dec 04, 2019   12 posts
Dec 30, 2019 at 09:04
Mohammadi posted:
i think without trading emotions and maintain analysis always when trading is a real part of real trading discipline that always supportive to avoid unfortunate risk and losses. but we cant maintain this attitude during trading most of the time. as a result 90% are loser from here above all the beginners level.
Automation of a trading strategy helps a lot from the influence of emotions. Only with the use of robots did I become calmer.
Member Since Jan 10, 2016   1 posts
Dec 30, 2019 at 12:41
well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.
Member Since Apr 18, 2017   718 posts
Dec 30, 2019 at 13:29
AkimT posted:
well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.

Nice to see your progress; really it takes time to learn! I think, your used the practice account so sincerely, as a result now enjoying the live!
Member Since Oct 21, 2019   25 posts
Jan 01, 2020 at 10:53
I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.
Member Since Apr 18, 2017   718 posts
Jan 01, 2020 at 13:08
Draggyr posted:
I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.

We can’t avoid this issue; but we are able to transform our bad emotions into positive thoughts by practice & knowledge!
Member Since May 04, 2019   23 posts
Jan 23, 2020 at 18:20
Emotion is bad in forex trading, what else do you want to hear from me? That it's good or whatever? Please make it possible for me if you do not mind it here. Can you please? I do not recommend you to do that clearly anyway. Be calm and trade Forex;)
forex_trader_688163
Member Since Feb 28, 2019   140 posts
Jan 24, 2020 at 06:52
I don't have any emotion here.
If loss, make a new trade again, if margin call, deposit again, if profits, withdraw.
Everyone knows forex is the riskiest investment.
No emotion here, just money. $.$
Member Since Mar 28, 2021   617 posts
Jan 10, 2022 at 04:07
Most traders are greedy and impatient. They would like to see their profits double in a matter of hours. After a few random wins, they think they have uncovered the code of the market for forex. In the end, they are unable to make funds.
Member Since Jul 20, 2020   399 posts
Jan 10, 2022 at 07:42
Akasuki posted:
Most traders are greedy and impatient. They would like to see their profits double in a matter of hours. After a few random wins, they think they have uncovered the code of the market for forex. In the end, they are unable to make funds.

Really love this, the whole problem with people failing is summed up in this post. short sightedness is the biggest downfall
Member Since Jul 19, 2020   788 posts
Jan 10, 2022 at 07:49
Nasrul_Swing posted:
I don't have any emotion here.
If loss, make a new trade again, if margin call, deposit again, if profits, withdraw.
Everyone knows forex is the riskiest investment.
No emotion here, just money. $.$
Exactly, if you lose, you will have to fight positively with the trading market every day. And the share of profit should be increased with the risk ratio.
Member Since Jan 10, 2022   19 posts
Jan 10, 2022 at 08:13
Yes! Emotions play a very important role in forex trading. Positive emotions help you stay in the game for a longer run while negative emotions like fear and greed can easily ruin your trades.
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