The saddest thing is that it is next to impossible to get rid of emotions completely while trading. However, I gurss that every trader should do their best to reduce their influence on decision making process. I feel that making a precise and accurate trading strategy can help to solve the problem of emotional trading. If you have some strict criteria for taking this or that decision, you'll have no room for experiencing any feelings about the upcoming deals.
Emotions and trading don’t play well. To be successful in forex trading, one needs to keep his/her emotions in check. Trading with greed to earn more profits or doing revenge trading to cover losses never brings a good outcome.
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.
Emotion is human nature. We get emotional when we run on our instinct, imagination or prediction. If a trader sticks to his plan strictly and he knows exactly what he is doing, then he would not get emotional. Making a loss is a part of trading. A good trader learns and knows how to deal with losses as well.
Emotion included as human nature, each people they have own emotions because human is not a robot, they felt pain, hurt, etc another feeling as part in emotion, while trading forex will be involved between expectation and reality, when expectation gets out from reality could make human get emotion, but here important to control emotion in trading to prevent bad decision due to emotion.
Thing is there is no way around dealing with the psychological aspect before you expose yourself to it. I tried as best I could on demo to treat it like real money but it's just not quire the same. I never had too many issues but can see how many will do.
If you can't spot the liquidity then you are the liquidity.
As a trader, emotion is your worst enemy. As you are a trader, you need to avoid emotional trading because when you are caught up in emotion, you can not do well in your forex trading. Just keep in mind that emotional trading is not good.
Seems all are struggling to cope with this enemy. I read somewhere that making proper trade strategies and not doing over trading is some of the few ways to handle this, But I think these two are also the biggest challenge for a trader.
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