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Beginners - Kill your emotions
Участник с Mar 14, 2016
36 комментариев
Oct 25, 2016 at 08:52
Участник с Mar 14, 2016
36 комментариев
A lot of people are explaining that new traders should " kill their emotions", but we always have to consider the fact that, we are not robots! We can't just simply switch off our emotions. But we can train our selves to resist the temptation of using them in trading and the best way to do that from my experience is with demo trading accounts. Manage to double at least 2 or 3 demo accounts, and you are ready to begin learning trading with real money.
Участник с Oct 05, 2016
12 комментариев
Oct 26, 2016 at 06:54
Участник с Oct 05, 2016
12 комментариев
@martinkolbe We are not robots, even worse - we are forex traders :-D In fact, it is impossible for a mentally healthy man to switch off emotions. So the best way out is to handle them and make them work for trading properly.
Участник с Dec 17, 2015
28 комментариев
Oct 26, 2016 at 14:26
Участник с Dec 17, 2015
28 комментариев
Pumentio posted:
@martinkolbe We are not robots, even worse - we are forex traders :-D In fact, it is impossible for a mentally healthy man to switch off emotions. So the best way out is to handle them and make them work for trading properly.
I couldn't agree with you more
Участник с Oct 01, 2015
47 комментариев
Nov 04, 2016 at 09:03
Участник с Oct 01, 2015
47 комментариев
come on guys, ofcourse you can't switch off your emotions, but it's all about the experience. Every adult mentally healthy person could do it
Участник с Aug 09, 2016
6 комментариев
Nov 07, 2016 at 08:01
Участник с Aug 09, 2016
6 комментариев
Surely it is impossible to "kill" or "turn off" emotions, the difficulty is that exactly these emotions should be perceived while trading differently in comparison to every day life, therefore we need to suffer losses to learn how to handle ourselves.
Участник с Dec 11, 2015
1462 комментариев
Nov 07, 2016 at 11:19
Участник с Dec 11, 2015
1462 комментариев
Emotions are an integral part of who we are as human beings, turning them off completely is not possible, nor is it healthy to try and do so. One can and should, however, learn how to manage them and keep them under control when trading.
Участник с Feb 07, 2016
33 комментариев
Nov 07, 2016 at 15:32
Участник с Feb 07, 2016
33 комментариев
Controlling emotions or killing emotions means that you must not commit emotional trading mistakes.I know that human beings cannot fully control their mind.But in trading controlling our emotions is very vital so that we can win in forex trading.
One single mistake can destroy an entire trading account that is build over the years. So we should be a master of mind control.Otherwise we can't win.
One single mistake can destroy an entire trading account that is build over the years. So we should be a master of mind control.Otherwise we can't win.
"Slow and steady wins the race"
Участник с Dec 11, 2015
1462 комментариев
Nov 08, 2016 at 10:46
Участник с Dec 11, 2015
1462 комментариев
Generally speaking, one shouldn't be taking risks big enough that would lead to the draining of an entire account because of one mistake.
Участник с Oct 01, 2015
47 комментариев
Nov 08, 2016 at 12:29
Участник с Oct 01, 2015
47 комментариев
Maybe some healthy practices like meditation can actually help us. The point is not to turn off emotions but to learn how to recover mentally from unexpected situations and the stress involved. I think this comes with experience.
Участник с Sep 20, 2014
342 комментариев
Nov 08, 2016 at 21:57
Участник с Sep 20, 2014
342 комментариев
Or maybe we should all just automate and the problem goes away. I realised many years ago I was the weak link in all of this. So I automated myself out of the process.
Never looked back.
Never looked back.
Участник с May 11, 2011
219 комментариев
Nov 08, 2016 at 22:17
Участник с May 11, 2011
219 комментариев
theHand posted:
Or maybe we should all just automate and the problem goes away. I realised many years ago I was the weak link in all of this. So I automated myself out of the process.
Never looked back.
Same here, every time I open a manual trade I end up kicking myself. The only manual thing one should do is "fund account".
For every loss there should be at least an equal and opposite profit.
Участник с Dec 11, 2015
1462 комментариев
Nov 09, 2016 at 07:53
Участник с Dec 11, 2015
1462 комментариев
CliveCampbell posted:
Maybe some healthy practices like meditation can actually help us. The point is not to turn off emotions but to learn how to recover mentally from unexpected situations and the stress involved. I think this comes with experience.
I've seen people recommend meditation before. Does this actually help though? Has anyone here tried it?
Участник с Aug 10, 2016
8 комментариев
Nov 09, 2016 at 11:02
Участник с Aug 10, 2016
8 комментариев
mlawson71 posted:CliveCampbell posted:
Maybe some healthy practices like meditation can actually help us. The point is not to turn off emotions but to learn how to recover mentally from unexpected situations and the stress involved. I think this comes with experience.
I've seen people recommend meditation before. Does this actually help though? Has anyone here tried it?
Personally I haven't, but I think a better idea would be to concentrate on profits. Then you have a 'trading lock' as I just call it in joke: from the one hand, you have deposited as much as you are adequately able to loose, from the other hand, you can get more money than you actually have and this can serve as stimulus to adjust your emotions correctly. Just my opinion
Участник с Apr 17, 2015
63 комментариев
Nov 09, 2016 at 11:13
Участник с Apr 17, 2015
63 комментариев
mlawson71 posted:CliveCampbell posted:
Maybe some healthy practices like meditation can actually help us. The point is not to turn off emotions but to learn how to recover mentally from unexpected situations and the stress involved. I think this comes with experience.
I've seen people recommend meditation before. Does this actually help though? Has anyone here tried it?
I use it to get out of the context for a while. It helps me refresh my mind after difficult situations. It is very helpful even for a few minutes. Key is to control the breathing. If you feel comfortable with the idea, I can recommend everyone try it.
Knowledge is king!
Участник с Feb 12, 2016
394 комментариев
Nov 09, 2016 at 12:10
Участник с Feb 12, 2016
394 комментариев
To be honest, I used not to believe in meditation. The thing is that you really need experience and patience in order to turn off your emotions sometimes. But to get to this actual point – there is no better way than using meditation. It will really help you become more calm, reduce the stress and most important, it can help you handle your emotions. Meditation is something really simple but VERY HELPFUL. I recommend it to everyone!
(based on real experience from my side 😄) Cheers!
(based on real experience from my side 😄) Cheers!
Accept the loss as experience
Участник с Oct 27, 2016
1 комментариев
Nov 13, 2016 at 08:47
Участник с Oct 27, 2016
1 комментариев
theHand posted:
Or maybe we should all just automate and the problem goes away. I realised many years ago I was the weak link in all of this. So I automated myself out of the process.
Never looked back.
@theHand Totally agree, emotions kill a trade/trader! Do you have any tips for us newbies?! :)
Участник с Dec 11, 2015
1462 комментариев
Nov 13, 2016 at 11:06
Участник с Dec 11, 2015
1462 комментариев
@Lesterkobi Sometimes it can be difficult to concentrate on profits if one's anxiety is getting in the way. I think it's a good idea to both try to concentrate on them and to look for ways to manage one's stress.
@RPatell Does it help you on a long-term basis too?
@RPatell Does it help you on a long-term basis too?
Участник с Apr 09, 2014
832 комментариев
Nov 14, 2016 at 02:57
Участник с Apr 09, 2014
832 комментариев
TiffanyK posted:
To be honest, I used not to believe in meditation. The thing is that you really need experience and patience in order to turn off your emotions sometimes. But to get to this actual point – there is no better way than using meditation. It will really help you become more calm, reduce the stress and most important, it can help you handle your emotions. Meditation is something really simple but VERY HELPFUL. I recommend it to everyone!
(based on real experience from my side 😄) Cheers!
Is it really? I should give a try.
Участник с Apr 17, 2015
63 комментариев
Nov 14, 2016 at 09:04
Участник с Apr 17, 2015
63 комментариев
mlawson71 posted:
@Lesterkobi Sometimes it can be difficult to concentrate on profits if one's anxiety is getting in the way. I think it's a good idea to both try to concentrate on them and to look for ways to manage one's stress.
@RPatell Does it help you on a long-term basis too?
@mlawson71 Yes, it is part of my life, not just when I am trading. I know in some cultures it is more popular than in others but everyone can try it and see for themselves 😄 I think if we are healthy we can better concentrate on the profits and what matters.
Knowledge is king!
Участник с Sep 20, 2014
342 комментариев
Nov 14, 2016 at 09:44
(отредактировано Nov 14, 2016 at 09:46)
Участник с Sep 20, 2014
342 комментариев
@ridethetorpedo
Yeah my tips are all over the place. Don't try predict fx it's impossible, make the money from managing your portfolio. Get the trade sizes right, don't use tp or stops.
Don't try trade fx. Trading is what you do to adjust your position. Manage your positions.
That's about it.
Yeah my tips are all over the place. Don't try predict fx it's impossible, make the money from managing your portfolio. Get the trade sizes right, don't use tp or stops.
Don't try trade fx. Trading is what you do to adjust your position. Manage your positions.
That's about it.

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