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Emotion in Fx

Imamul
Jan 30 2018 at 11:56
615 Posts
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.

mlawson71
Jan 30 2018 at 15:20
1487 Posts
How do you propose for a trader to learn to control their emotional responses during trading?

Back4Good
Jan 31 2018 at 06:58
21 Posts
A good trading plan with strict entry / exit rules is a must

Jimm (Jimmblack)
Jan 31 2018 at 07:07
23 Posts
I remember when I closed the minus transaction for the first time, I was nervous for a long time, worried and considered myself an absolute loser. Even broke a couple of plates in the kitchen :(
But later I began to feel more relaxed. It was facilitated by Yoga to some extent. By the way, I highly recommend it. Before opening the order, I always adjust with the help of Yoga.

Imamul
Feb 01 2018 at 13:22
615 Posts
Emotions we can’t avoid at any places demo or live. But if we trade with emotions in real account it could be dangerous. That’s why it is more appropriate to use demo account before live trading to make sure how to manage emotions. On the other hand, the experience we acquired from demo not works in a live account. So, it’s really a complicated issue.

vontogr (togr)
Feb 02 2018 at 11:29
4862 Posts
Imamul posted:
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.


You can always use robot to trade and eliminate emotions

Mohammadi
Feb 11 2018 at 07:05
886 Posts
Newcomers always attacked by the emotion and fall a great trouble when trading practically. We cannot avoid greed and emotions. Because this is a part of common human nature but we can be discipline which can support us to control greed and emotions.

mlawson71
Feb 11 2018 at 15:14
1487 Posts
Mohammadi posted:
Newcomers always attacked by the emotion and fall a great trouble when trading practically. We cannot avoid greed and emotions. Because this is a part of common human nature but we can be discipline which can support us to control greed and emotions.


That's easier said in theory than done in practice, unfortunately. The road to disciplined, organized trading is long, difficult and few people reach the destination.

vontogr (togr)
Feb 12 2018 at 08:19
4862 Posts
Imamul posted:
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.


By using EAs you can easily avoid emotions

Skater
Feb 12 2018 at 13:29
12 Posts
I second that. EA is the easiest way to keep a cool head and made som pips

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