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Emotion in Fx

vontogr (togr)
Feb 12 2018 at 13:40
4862 posts
Skater posted:
I second that. EA is the easiest way to keep a cool head and made som pips


Exactly :)

Imamul
Feb 25 2018 at 06:15
615 posts
Not only beginners, there is no one successful or loser which has no emotions. But the different is experienced traders always able to control their emotions by proper trading discipline that cannot the beginner. That’s why they have to be disciplined and experienced by passing long times in here with great survive.

Imamul
Feb 25 2018 at 06:48
615 posts
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.

mlawson71
Feb 26 2018 at 14:50
1487 posts
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?

kieran (snapdragon1970)
Feb 26 2018 at 23:08
1944 posts
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.

"They mistook leverage with genius".
mlawson71
Feb 27 2018 at 15:09
1487 posts
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.


I've never heard of him, but this sounds like an interesting recommendation that I need to look into. Thanks for that.

Baldo (BaldoN)
Feb 28 2018 at 13:42
522 posts
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?


The discipline comes with screen time and experience :)

mlawson71
Feb 28 2018 at 14:10
1487 posts
BaldoN posted:
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.


That's true, but how do you propose to gain such discipline?


The discipline comes with screen time and experience :)


That much is true. But surely there is a way to speed up the process? Exercises, meditation even?

vontogr (togr)
Mar 01 2018 at 09:02
4862 posts
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.


Still sounds like it is better to let the EA do your job better than you.

Imamul
Mar 01 2018 at 13:18
615 posts
Emotions and greediness is difficult to control for the beginners when there is a large amount. But in micro account there is no chance. So, of course it can be suitable for beginners

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