Emotions can’t be controlled as they are inevitable part of life whether you are trading on demo account or doing live trading a but with the help of a sound trading strategies and back testing them one can make improvements in ones trading style.
This is why I set and forget my trades. I usually put all my trades on by around 11am and then have the rest of the day working on something else. The only time I check is around big economic news times. Set sl and let the trades play out :)
Emotions are very difficult to control, it is a part of you. It is very easy for the newbie to let the emotions get them because they don't know what to do after making losses, so they could try to take revenge by trading again thinking that it will be for sure a win and the history repeats.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.
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