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Emotional Trading

UweMoench
Jun 03 at 06:49
462 posts
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.

MasterMove
Jun 03 at 12:47
15 posts
UweMoench posted:
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.

I agree with you, most of the traders have fear of losing money but this can be overcome by proper risk management and by being patient, patience is very important for a trader to avoid risks and losses.

winning_trades
Jun 04 at 07:24
9 posts
We should trade on forex like a numb, bcz feeling can sometimes take you on good and bad moods and from that moment we don't know when to think less. There is no clear cut line that a trader have not to cross for being greedy or fear. So sit like a robot and think like advance human species those have less emotions.

eddieteddie
Jun 04 at 10:11
13 posts
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.

Fx_howie
Jun 04 at 12:33
28 posts
eddieteddie posted:
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions.

Agree with you. Emotions will come since your funds are invested in that but one can surely try to tackle those emotions sensibly.

AliaDare
Jun 04 at 16:54
515 posts
eddieteddie posted:
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.

Yes, Psychology needs to be maintained. I think there is a possibility of loss in a profitable trade in emotional trading. But if I meditate regularly, I will be protected from emotions.

CharmaineDizon (CharmaineDizon)
Jun 04 at 19:38
5 posts
Yes! This is why trading is really just about traders' psychology. It's what controls the prices of any market. Behavioral Economics/Finance is surely an interesting subject.

“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
RobSchiz
Jun 05 at 11:20
230 posts
winning_trades posted:
We should trade on forex like a numb, bcz feeling can sometimes take you on good and bad moods and from that moment we don't know when to think less. There is no clear cut line that a trader have not to cross for being greedy or fear. So sit like a robot and think like advance human species those have less emotions.

I agree with you. emotions can put a trader in a great danger.

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