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Don’t Let Your Emotions Dictate Your Forex Trading

forex_trader_1996705
Mitglied seit Nov 12, 2020
18 Posts
Mar 02, 2021 at 15:39
Mitglied seit Nov 12, 2020
18 Posts
Emotions are not good in trading.
It is important to try and keep them under check when about to enter the Forex market. The most important point is that speculators should have a trading strategy that works and they should follow it to the letter. There should never be an abandoning of risk management stimulated by the variety of feelings that attack a person during the actual trading event.
Having placed a rather negative picture of emotions, the fact is that we are all emotional beings and as a result, we need to ask, what state should our emotions be in when trading? – The answer is that there should be a general feeling of well-being.
The person who generally feels well lacks any particular underlying bias to react irrationally during a trade. It is not good for a depressed person to trade because they will speculate at inappropriate moments and will get more depressed. If a person is loaded with debts and is feeling stressed, he will rush into trades and lose more. A person who has the general feeling of well-being will only suffer from emotions that are common to all people like regret, impatience, fear, excitement etc.
In summary, develope a stoneheart while trading, over my years of trading, i devolope stoneheart each time im trading and take the market as i see it, this have help me consistently and i keep up piling profits upon profits far greater than losing, hence making me very successful profits compiler. I hope the above notes helps you to become a better trader.
It is important to try and keep them under check when about to enter the Forex market. The most important point is that speculators should have a trading strategy that works and they should follow it to the letter. There should never be an abandoning of risk management stimulated by the variety of feelings that attack a person during the actual trading event.
Having placed a rather negative picture of emotions, the fact is that we are all emotional beings and as a result, we need to ask, what state should our emotions be in when trading? – The answer is that there should be a general feeling of well-being.
The person who generally feels well lacks any particular underlying bias to react irrationally during a trade. It is not good for a depressed person to trade because they will speculate at inappropriate moments and will get more depressed. If a person is loaded with debts and is feeling stressed, he will rush into trades and lose more. A person who has the general feeling of well-being will only suffer from emotions that are common to all people like regret, impatience, fear, excitement etc.
In summary, develope a stoneheart while trading, over my years of trading, i devolope stoneheart each time im trading and take the market as i see it, this have help me consistently and i keep up piling profits upon profits far greater than losing, hence making me very successful profits compiler. I hope the above notes helps you to become a better trader.
Mitglied seit Dec 18, 2020
13 Posts
Mitglied seit Mar 17, 2021
536 Posts
Mitglied seit Jan 01, 2021
12 Posts
Mitglied seit Apr 03, 2021
13 Posts
Mitglied seit Mar 16, 2021
477 Posts
Apr 28, 2021 at 14:07
Mitglied seit Jul 19, 2020
788 Posts
LukeRachel posted:Yes of course I can never make money if I can't control emotions. In this case, this topic can help me develop my knowledge.
It was a very good topic. It would be a bit impossible for me to make a profit if I couldn't let go of emotions.
Mitglied seit Mar 16, 2021
477 Posts
Apr 29, 2021 at 13:04
Mitglied seit Mar 16, 2021
477 Posts
AliaDare posted:Thank you so much for understanding me. Emotion control is very important.LukeRachel posted:Yes of course I can never make money if I can't control emotions. In this case, this topic can help me develop my knowledge.
It was a very good topic. It would be a bit impossible for me to make a profit if I couldn't let go of emotions.
Mitglied seit Feb 04, 2021
35 Posts
Apr 30, 2021 at 11:10
Mitglied seit Feb 04, 2021
35 Posts
Mauk posted:You are right buddy!
It may seem that for someone it really is not the main thing, but when you begin to interpret, it is realized that it is quite difficult to be able to control emotions.
Handling emotions is not an easy task. But I think meditation helps a lot in controlling our emotions.
Mitglied seit Mar 16, 2021
477 Posts
May 02, 2021 at 01:22
Mitglied seit Mar 16, 2021
477 Posts
One thing I have followed is that those who are big investors usually work less on their emotions and that is why their business is improving so much. Trading is no exception. It is possible to make money from trading by giving up emotions.

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