Emotion in Forex trading
Mar 19, 2022 at 04:18
Make sure emotion doesn’t raid into your trading because it is one of the worst human nature that destroys him. Emotion inspires a trader take high risk and trade for revenge so that he or she can be highly profitable by the end of the day. So recovering from emotion is badly essential for traders.
Mitglied seit Nov 06, 2018
83 Posts
Mar 23, 2022 at 10:02
Mohammadi posted:Emotionless trading would be great, I guess that's why a lot of people end up using EA's, but then majority lose money.
i think without trading emotions and maintain analysis always when trading is a real part of real trading discipline that always supportive to avoid unfortunate risk and losses. but we cant maintain this attitude during trading most of the time. as a result 90% are loser from here above all the beginners level.
Mitglied seit Apr 14, 2022
32 Posts
Apr 19, 2022 at 10:43
Emotions should never be used in forex trading. Be it in profits or losses. Proper demo practice, good knowledge on forex, Reading candlestick patterns should be used before using real money.
Apr 19, 2022 at 23:35
Market forex is wild, emotion in trading just like give eat for lion without expertized, in trading should separated emotion and trading, trader need to calm minds to make decision, because every tick price movement worth risk and expectation
Apr 20, 2022 at 08:02
I would advise don't let emotions ruin your decision-making in Forex trading as it can often blow up your accounts quickly. When in distrust, track each trade at an interval. Also, learning a new trading strategy can be a blissful and profitable way to get out of an emotional trading rut.
Mitglied seit Oct 04, 2021
6 Posts
Apr 20, 2022 at 09:20
Best way to get out of the emotional rut is to use a forex robot either develop your own or buy one.
Mitglied seit Jul 20, 2020
399 Posts
Apr 20, 2022 at 13:04
It is impossible to ignore emotions as we are all human but it is key to have a trading plan that you can work from that minimizes the affect they have on it. Like knowing you have proper risk management and partial profit taking with a TP will stop a lot of the negative emotions
Mitglied seit Jul 20, 2020
399 Posts
Apr 22, 2022 at 10:00
PeteLanceley posted:Mohammadi posted:Emotionless trading would be great, I guess that's why a lot of people end up using EA's, but then majority lose money.
i think without trading emotions and maintain analysis always when trading is a real part of real trading discipline that always supportive to avoid unfortunate risk and losses. but we cant maintain this attitude during trading most of the time. as a result 90% are loser from here above all the beginners level.
Yeah i think that is the big allure of EAs but trade managers can be a happy medium like you can enter trades and the bot manages it for you
Apr 26, 2022 at 06:32
Forex trading is a risky affair as we all know it. With exhilarating bullish and bearish runs, some traders tend to feel that if they don’t put their money now, they will miss the bus. Fear of missing out exposes them to unnecessary risks. When you are emotional, you often overlook the importance of making goal-based trades and easily deviate from what you had planned.
Mitglied seit Jun 12, 2021
132 Posts
Apr 26, 2022 at 09:23
emotions sometimes really affects negatively in trading life as well real life.
Apr 27, 2022 at 05:41
Always try to stay away from emotion because maximum of the traders drop out from Forex just because of emotion. Emotion plays a trader and makes him destitute in the end of the day. So, traders be cautious about their trading very much.
Jul 20, 2022 at 23:44
I think all traders agree emotion will mess up an overall trading plan, this is a bad habit in trading, when traders still hard to control emotions, may be better to leave the chart because losing trades can make them angry and make a bad decisions recklessly, trading need calm minds to managed account, not use emotion.
Mitglied seit Jul 19, 2022
24 Posts
Jul 26, 2022 at 11:34
This is why it is essential to keep a check over our emotions while trading, as it will tell us the direction of where we should 'move' our trading. If we cannot 'move' our trading through the right set of emotions, the chances are that a trader might lose. Emotions, therefore, become an impediment to successful trading.
Aug 14, 2022 at 17:35
First of all, you need to understand that trading is a very emotional activity.
It can cause damage. It doesn't matter if it's a bad emotion or a good one. A trader can have a good mood and strongly believe in himself. So he can do rash things and lose money....
I think that would be very sad!
That's why you have to learn to trade with real money.
Demo account is needed only to study the trading platform. It doesn't matter what it is, Metatrader or some custom platform. Then you need to have a minimum deposit and learn to trade.
I think that would be the right thing to do!
It can cause damage. It doesn't matter if it's a bad emotion or a good one. A trader can have a good mood and strongly believe in himself. So he can do rash things and lose money....
I think that would be very sad!
That's why you have to learn to trade with real money.
Demo account is needed only to study the trading platform. It doesn't matter what it is, Metatrader or some custom platform. Then you need to have a minimum deposit and learn to trade.
I think that would be the right thing to do!
Aug 15, 2022 at 00:42
Emotion is like an enemy that appears from ourselves, most traders proven when trading based emotion the result eventually facing to failure, trading need clear and calm minds, it will make us to become more comfortable and will able to create plan trading based on minds and not based emotions.
