Emotion in Fx
Mitglied seit Dec 11, 2015
1487 Posts
Mar 03, 2018 at 15:00
Imamul posted:
Emotions and greediness is difficult to control for the beginners when there is a large amount. But in micro account there is no chance. So, of course it can be suitable for beginners
There is no chance for what? I am not sure I get your point.
Mitglied seit Sep 12, 2015
1948 Posts
Mar 04, 2018 at 21:10
If your starting with a micro account you have to think about % gain and not how much your making cash wise,that is not easy to do but it will be great training for when you can invest more,I have seen some micro accounts do extremely well but mostly on other financial products.
"They mistook leverage with genius".
Mitglied seit Dec 11, 2015
1487 Posts
Mar 05, 2018 at 15:49
snapdragon1970 posted:
If your starting with a micro account you have to think about % gain and not how much your making cash wise,that is not easy to do but it will be great training for when you can invest more,I have seen some micro accounts do extremely well but mostly on other financial products.
I've always viewed micto accounts as training tools, they're not for making a big profit or anything. They definitely have their uses though.
Mitglied seit Sep 12, 2015
1948 Posts
Mar 05, 2018 at 16:04
Yes it is an excellent training tool,then ramping up capital ,same method is used by institutions ,starting with a small amount then gradually increasing capital.
"They mistook leverage with genius".
Mitglied seit Sep 12, 2015
1948 Posts
Mar 06, 2018 at 15:46
The process is what they focus on first,not profit ,risk reward is always being monitored,bigger account plus it's someone else's money.
"They mistook leverage with genius".
Mitglied seit Sep 12, 2015
1948 Posts
Mar 06, 2018 at 18:17
The brain is a pattern seeker ,by Marketdelta has some useful insight.
"They mistook leverage with genius".
Mitglied seit Mar 07, 2018
13 Posts
Mar 07, 2018 at 12:04
What do you mean?
Mitglied seit Sep 12, 2015
1948 Posts
Mar 07, 2018 at 17:29
BlueDino20 posted:
What do you mean?
"They mistook leverage with genius".
Feb 18, 2019 at 07:19
BaldoN posted:thats true... enough screen time will be realize the market. When we got a real picture of market then we can make a plan. When we have plan there is no emotion. Because formula is there.mlawson71 posted:Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.
That's true, but how do you propose to gain such discipline?
The discipline comes with screen time and experience :)
Day by day having better, better and better...
Mitglied seit Feb 16, 2019
30 Posts
Feb 18, 2019 at 11:34
I think its always important to try and separate emotion from financial results.
Don't go throwing good money after bad.
Traders can get emotionally attached to trades and don't know when to take a loss
Don't go throwing good money after bad.
Traders can get emotionally attached to trades and don't know when to take a loss
Jul 11, 2019 at 15:25
Beginning your trading journey with the practice of trading performance with demo account, any foreign currency exchange trader can expect to improve his trading skills and real trading acquaintance here. However along with knowledge acquisition any trader can take benefits of his demo trading account for developing his attitude which will facilitate him certain basic factors like control of sentiments, thinking rationally, utilizing money in effectual way and developing analytical mentality etc.
Mitglied seit Jul 12, 2019
10 Posts
Jul 12, 2019 at 10:28
NanoPips posted:
no emotion only skill
Easier to say - difficult to achieve. But with good skill the number of losing trades should be lower and therefore the affect of emotions
Jul 19, 2019 at 07:52
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?
“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.
Mitglied seit Feb 22, 2011
4862 Posts
Jul 19, 2019 at 08:09
smith_fx posted:OR you can program EA which will trade 24/7 without emotions for youmlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?
“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.
Jul 25, 2019 at 05:05
togr posted:A better option, in my opinion.smith_fx posted:OR you can program EA which will trade 24/7 without emotions for youmlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?
“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.
Mitglied seit Aug 05, 2019
50 Posts
Aug 23, 2019 at 06:29
Emotions can’t be controlled as they are inevitable part of life whether you are trading on demo account or doing live trading a but with the help of a sound trading strategies and back testing them one can make improvements in ones trading style.
