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Emotion in Fx
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georgequayle

Member Since Feb 16, 2019  8 posts georgequayle Feb 18 at 11:34
I think its always important to try and separate emotion from financial results.

Don't go throwing good money after bad.

Traders can get emotionally attached to trades and don't know when to take a loss

HumbertB

Member Since Feb 18, 2019  8 posts HumbertB Feb 18 at 11:39
I think need more than just screen time. I can look at chart for days and don't know what to look for. Someone needs to teach and learn how to trade and what to look for before look at chart

nick3232

Member Since Jan 03, 2018  124 posts nick3232 Feb 18 at 14:34
HumbertB posted:
I think need more than just screen time. I can look at chart for days and don't know what to look for. Someone needs to teach and learn how to trade and what to look for before look at chart


babypips.com

tracydavison

Member Since Feb 11, 2019  34 posts tracydavison Feb 20 at 07:02
I will be following this thread with interest as im fairly new to trading

45656

Member Since Jun 29, 2019  53 posts 45656 Jul 11 at 15:25
Beginning your trading journey with the practice of trading performance with demo account, any foreign currency exchange trader can expect to improve his trading skills and real trading acquaintance here. However along with knowledge acquisition any trader can take benefits of his demo trading account for developing his attitude which will facilitate him certain basic factors like control of sentiments, thinking rationally, utilizing money in effectual way and developing analytical mentality etc.

NanoPips

Member Since Feb 01, 2019  7 posts NanoPips Jul 11 at 20:03
no emotion only skill

QuincyMCQuincy

Member Since Jul 12, 2019  7 posts QuincyMCQuincy Jul 12 at 10:28
NanoPips posted:
no emotion only skill


Easier to say - difficult to achieve. But with good skill the number of losing trades should be lower and therefore the affect of emotions

smith_fx

Member Since Jul 09, 2019  23 posts smith_fx Jul 19 at 07:52
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

togr

Member Since Feb 22, 2011  4443 posts vontogr (togr) Jul 19 at 08:09
smith_fx posted:
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

OR you can program EA which will trade 24/7 without emotions for you

I like what I trade, I trade what I like
VirgoG

Member Since Jul 22, 2019  4 posts VirgoG Jul 25 at 05:05
togr posted:
smith_fx posted:
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

OR you can program EA which will trade 24/7 without emotions for you

A better option, in my opinion.

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