Don’t Let Your Emotions Dictate Your Forex Trading

Mar 02, 2021 at 15:39
2,796 Angesehen
55 Replies
Mitglied seit Dec 28, 2019   25 Posts
Mar 03, 2022 at 19:18
It's true, but sometimes it's very difficult to control emotions in order not to let them dictate me. It's a primary goal actually for all traders who want to learn how to control emotions and how to remain wise and rational. In my opinion, the main here is to understand that trading is all about rational approach and there is no need to express emotions. They will always distract and interfere in your thinking process.
Nevertheless, sometimes you can show your emotions, but they have to be predominantly positive, because positive emotions increase your mood and help you to handle with all the difficultie on the market. Try to avoid negative emotions.
Mitglied seit Jan 21, 2022   57 Posts
Mar 11, 2022 at 07:01
Fear and greed are two visceral emotions that are necessary to be controlled. Traders need to think ahead of time. This will help traders to move past the emotional response.
Mitglied seit Aug 04, 2014   66 Posts
Mar 18, 2022 at 15:21
Only by adhering to your trading system you can control your emotions. And the most important thing is to keep your expectations of your trading account moderate
Mitglied seit Mar 10, 2022   6 Posts
Mar 21, 2022 at 02:14
I totally agree with you~
Mitglied seit Aug 10, 2021   178 Posts
Mar 21, 2022 at 02:19
Emotions never help to win the trade so always try to avoid them.
Mitglied seit Mar 11, 2022   18 Posts
Mar 24, 2022 at 07:33
Emotions are a critical part of trading, and their presence in trading can harm your gains. To avoid them, you have to follow a set of rules and abide by them.
Mitglied seit Mar 11, 2022   22 Posts
Mar 30, 2022 at 04:17
Where emotions make us humans, they can be really harmful to traders. Stick with your trading plan to make objective decisions.
Mitglied seit Mar 22, 2022   25 Posts
Apr 01, 2022 at 07:07
Emotions often blur your analysis since your money is at risk and somewhere deep down, you don’t want to take any risks. But if you want to make money, you will have to take risks in a controlled manner. This is why your emotions need to be kept at the door while you are trading.
Mitglied seit Mar 23, 2022   26 Posts
Apr 05, 2022 at 06:12
Bigmouth posted:
Emotions often blur your analysis since your money is at risk and somewhere deep down, you don’t want to take any risks. But if you want to make money, you will have to take risks in a controlled manner. This is why your emotions need to be kept at the door while you are trading.
Emotions prevent traders from thinking rationally which affects the trading decisions. Traders should not trade under the influence of emotions.
Mitglied seit Mar 21, 2022   47 Posts
Apr 05, 2022 at 07:52
Any kind of emotion while trading can have adverse effects on the trading. Traders need to control 3 key components of emotions: greed, fear and hope.
Mitglied seit Mar 11, 2022   38 Posts
Apr 08, 2022 at 04:11
How you are as a person surely has an impact on how you trade! If you learn emotional control in your daily life, you can control them in the live market also. All you have to do is make up your mind to follow the trading plan and not go beyond it.
Mitglied seit Mar 24, 2022   56 Posts
Apr 14, 2022 at 06:32
Forex trading requires analytical thinking and logical calculations while making trading decisions. So you must have a healthy mind, so that you can focus on trading. If you have a cluttered mind filled with worries then it will have a negative impact on your trading too. So make sure to calm your mind and be well aligned with the trading environment while making any crucial decision.
Mitglied seit Apr 04, 2022   25 Posts
Apr 19, 2022 at 07:12
Emotions should never be given space in forex trading. They are capable of ruining your entire trading career. A successful and a smart trader never let the flow of emotion block his trading path. If you do not have strong control on your emotions then no one can save you from failures. Most of the traders lose money because of their inability to control their emotions therefore, it’s very crucial to have control on your emotions.
Mitglied seit Apr 14, 2022   16 Posts
Apr 22, 2022 at 05:11
When they say that emotions are your biggest enemy in the forex market, they mean it. It’s easy to get carried away with lucrative market movements or deals. But controlling your emotions and moving ahead as planned is the difference between success and failure.
Mitglied seit Aug 05, 2021   401 Posts
Apr 24, 2022 at 15:00
I like how you mentioned that having a sense of well-being can help with trading results. I started waking up early to shower and make coffee and found that I was more focused and productive since I felt energized and refreshed, and that seems to help me throughout the day as well.
Mitglied seit Mar 11, 2022   51 Posts
May 20, 2022 at 03:53
Emotions do not allow traders to be rational while trading. Traders should not allow their emotions to overpower them and affect their trading decisions.
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