Don’t Let Your Emotions Dictate Your Forex Trading

Mar 02, 2021 at 15:39
2,673 Angesehen
55 Replies
forex_trader_1996705
Mitglied seit Nov 12, 2020   18 Posts
Mar 02, 2021 at 15:39
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.
Mitglied seit Nov 03, 2020   70 Posts
Mar 03, 2021 at 12:24
This is quite important as it can affect your trading, so having your emotions under controlled are quite useful to avoid facing trial and errors in your trading
forex_trader_1996705
Mitglied seit Nov 12, 2020   18 Posts
Mar 03, 2021 at 13:13
Yes, very important, that is part of my secrets to make winnings.
Mitglied seit Dec 28, 2020   187 Posts
Mar 16, 2021 at 08:20
Yes when it comes to trading make sure you leave your emotion at your door.
Mitglied seit Dec 28, 2020   25 Posts
Mar 16, 2021 at 09:31
When starting to trade, you need to completely disconnect and abstract from everything, especially from your emotions.
Mitglied seit Apr 15, 2020   219 Posts
Mar 16, 2021 at 09:51
When emotions enter trading, you start losing.
The more your practice, the more you learn.
Mitglied seit Dec 18, 2020   13 Posts
Mar 24, 2021 at 10:55
Yes, emotions don’t help a trade win and they do nothing but harm to prospective returns.
Mitglied seit Mar 17, 2021   536 Posts
Mar 24, 2021 at 17:01
The most important thing in forex is trading psychology. A trader's trading psychology also should match to his or her trading strategy. Most traders ignore this aspect but lose money because of this.
Mitglied seit Jan 01, 2021   12 Posts
Apr 02, 2021 at 10:23
These are some very important points you’ve covered about emotions in trading. There is no room for them if you want to have a profitable trade.
Mitglied seit Apr 03, 2021   13 Posts
Apr 23, 2021 at 10:38
Yeah, emotions are really bad while trading. They clog the judgement of people.
Mitglied seit Jul 19, 2020   788 Posts
Apr 23, 2021 at 17:18
I can say from my experience that I have lost a lot by trading emotionally. A lot of times I have closed with a loss in profitable trade which was very sad for me. That is why one should never trade emotionally.
Mitglied seit Mar 16, 2021   477 Posts
Apr 26, 2021 at 00:35
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 Aug 07, 2020   75 Posts
Apr 26, 2021 at 10:27
To learn the theory to get practice, in principle, it is also difficult to control your emotions, but this really exceeds all possibilities
Mitglied seit Jul 19, 2020   788 Posts
Apr 28, 2021 at 14:07
LukeRachel posted:
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.
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.
Mitglied seit Mar 16, 2021   477 Posts
Apr 29, 2021 at 13:04
AliaDare posted:
LukeRachel posted:
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.
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.
Thank you so much for understanding me. Emotion control is very important.
Mitglied seit Aug 26, 2020   78 Posts
Apr 30, 2021 at 08:00
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.
Mitglied seit Aug 26, 2020   78 Posts
Apr 30, 2021 at 08:02
Basically, everyone comes here in order to achieve financial stability, it is absolutely necessary to understand that simplicity is also, and you will need to choose a broker that you can trust.
Mitglied seit Feb 04, 2021   35 Posts
Apr 30, 2021 at 11:10
Mauk posted:
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.
You are right buddy!
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
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.
Mitglied seit Nov 16, 2020   55 Posts
May 09, 2021 at 09:50
When starting a trade, you should always remember that if you give in to your emotions, you will not achieve results.
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