Does emotion harm?
Mitglied seit Jul 23, 2020
869 Posts
May 25, 2022 at 08:07
Emotion is one of the worst human qualities that drive a person towards failure. Traders take any adverse decision anytime being grabbed by emotion. Successful traders never serve their emotion. Emotion is a drive that inspires a trader to take higher risk in the anticipation of earning more within a short time.
Mitglied seit Apr 09, 2019
538 Posts
May 25, 2022 at 09:00
Emotions taken as a blanket term can inspire one to be successful. The difference is knowing how and when to control them and harness them where appropriate.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Aug 05, 2021
401 Posts
Jun 01, 2022 at 17:37
Yet emotions are also what makes us human. I think they can definitely hinder trading progress - but there can also be good emotions if you're successful. I try to celebrate small victories and introduce happy feelings about trading versus the anxiety and fear that I dealt with in the beginning.
Jul 04, 2022 at 08:04
People who are driven by their emotions are more likely to fail than those who are not. Traders make irrational decisions when they are swept up in their emotions. Traders who consistently outperform the market are immune to the effects of their own emotions. A trader's desire to make more money quickly can drive him to take on greater risk.
Jul 05, 2022 at 00:25
Although as human nature they have emotion, but wihout p[roper control emotion in trading, just like to suicide, because market forex is cruel, no mercy when trader make their own mistake, market will become our friends if we can ride the trend, but also need equipment like money management and risk management.
Jul 05, 2022 at 11:02
To predict the market, there is no alternative to analysis, which is of two types including technical analysis and fundamental analysis. We are forecast the market only when you are a good analyzer. Analyzing power helps generate signals. We never say that all your forecasts will be accurate.
Jul 06, 2022 at 23:56
Trading need strong mental to accept the fact, here traders must realized if tey cannot control the market, but they should able to drive the market, it will become the best friend to make profit when trader already able to drive the market, even price up and down, their emotion keep strong and remain calm.
Jul 15, 2022 at 06:32
Emotions are a part of our life. In any area of life, our emotions affect our decisions. The same goes for trading. Trading in the forex market without emotions is impossible. It is important to keep emotions in check while trading to keep the focus on the same.
Mitglied seit Jul 20, 2020
399 Posts
Jul 15, 2022 at 15:22
I think it can be difficult to gain control of your emotions but key to give yourself some slack so many want to be robots but we're not. Its key to have patience with yourself learning and trading
Mitglied seit Jul 23, 2020
869 Posts
Jul 16, 2022 at 07:03
As the market is highly volatile, traders should not stick to only one type of trading because it’s not possible to run one of trading always in the market.
Mitglied seit Jun 22, 2022
21 Posts
Jul 20, 2022 at 07:34
Trading on emotions is quite harmful. It is better to keep them away from your trading. Trading is best when done on logic and statistics.
Mitglied seit May 13, 2022
34 Posts
Jul 22, 2022 at 04:20
A forex trader needs to be rational and reasonable at all times. And emotional thinking makes them irrational and impulsive. They make wrong trading decisions by giving into their feelings and urges. This only leads to losses in forex. So we all have to rely on facts and logic instead of feelings and emotions while trading.
Jul 27, 2022 at 06:53
When a trader thinks that an impulse or even a negative motivation will make them win, they start to move in the direction of a negative spiral that takes a toll on their health and trades. Emotions work as an obstacle for such traders. Experienced traders, however, know that emotions are helpful and use them in the way they need to be used.
Mitglied seit Jul 19, 2022
24 Posts
Jul 27, 2022 at 11:27
Emotions are a tool that professional traders use in trading to trade better and make better decisions. If they know how to trade with the right emotions, absolutely nothing can affect them. But if traders do not know how to control their emotions, their downfall is bound to happen.
Mitglied seit Jul 06, 2022
24 Posts
Jul 27, 2022 at 16:15
We, humans are very emotional beings, but a trader needs to be very careful with emotional swings. In my experience, impulsive decisions rarely bring good results.
