Emotions are not at all dangerous, it's a matter of controlling them when trades are not going according to your expectations or plans.
Dangerous or not, emotional is not the right trait to have while you are trading, it is quite risky and can lead to the wrong judgment in your trading.
Oct 07 2021 at 12:11
cardigan posted:I agree with you, emotional decisions in forex can only lead to losses and risks.
Dangerous or not, emotional is not the right trait to have while you are trading, it is quite risky and can lead to the wrong judgment in your trading.
Oct 07 2021 at 12:15
there can be no emotions in trading the markets. This will be your downfall
Emotions in the process of work are a very dangerous factor. In my opinion, this can really harm the trader and lead to a negative result.
Emotional trading is something that you have to avoid in order to stay stable. Mental stability is one of the most important things in trading activity mostly because it determines whether you will have a good trading day or not. I believe that emotional trading is more susceptible to rookies, because they can't handle their emotions because of lack of skill and experience. nevertheless I would advice all beginners to learn some information about how to stay emotionally stable. It really matters a lot. Emotional trading often leads to plenty of losses and sometimes even to bad diseases. So, know this.
Oct 08 2021 at 11:16
Emotions are natural and one can never control them. What a trader can do to avoid emotional trading is to stop reacting to the points that trigger their emotions, for example when a trader faces a loss. If a trader does not react to such circumstances it is highly unlikely for them to fall into the emotional trading trap.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Oct 12 2021 at 17:01
Sorry to hear about the bad luck! I think it's normal to feel some emotion while trading but the important thing is to manage it and not allow it to affect your trading plan. If you need to, step away and take a breather when this sort of thing happens or do something that makes you feel relaxed, then come back with a clear head.
The only thing for you to recover your trading is to analyse your past mistakes. Otherwise, you are going to make the same mistakes in the future and the outcome will be the same. That is why I support the idea of having a trading diary where you can write all your thoughts which made you make this or that decision. It is a very nice tool to trak down your own trading strategy and its downsides.
Oct 12 2021 at 20:08
Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Emotions can be an issue in forex trading. Whether you are a novice trader or an experienced one, we all must face emotions that will affect our trading. So always keep your emotions in check when trading because they can overwhelm you at any time.
Oct 14 2021 at 06:58
SteveHanks posted:Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
CraigMcG2020 posted:I also personally find solace in statistics. If I know my plan has a statistical edge then I know I just need to stick to it regardless of the situation and over time I will come good.SteveHanks posted:Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
If you can't spot the liquidity then you are the liquidity.
Yep, stats don't lie if the sample is big enough
Emotions in this industry are rather harmful. It should be understood that influenced by emotions, a trader can lose control and make wrong decisions.
Oct 15 2021 at 19:38
The only way for you to recover from your losses is to learn lessons from this experience. You should analyse your trading and decision making process thoroughly in order to find the exact mistakes which led to the losses. Otherwise, you will repeat your mistakes and you will have the same trading results.
on emotions, you can easily make mistakes and just lose your money, so you need to counter all your emotions when working
@Unellene Yes trading out of emotions is not good. Most of time we make mistake in emotions. During trading one should be very logical and analytical.
