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Impulse Trading and How to Avoid It

WINNINGS (NzeCapitalTrades)
Aug 02 2020 at 04:58
59 Posts
Impulsive trading is something that all Forex traders struggle with, some more than others. Trading on Impulse if a bad ideal because you are trading without plan, but the huge to just trade.
More often than not, those
Impulse traders turns out to lose a lot and below are best ways to avoid it.

1.Have Plan; Having a Daily plan is one of the best way to avoid impulse trading, make out your daily plan and make stick to it.
2. Chose A time frame; choosing a time frame helps you to avoid impulse trading, make your decisions based on the plans for that time frame.
3. And finally, Reduce the amount of time you spend on Screen, this will definitely make you and free you from the huge to do impulse trading.
Aug 17 2020 at 23:07
788 Posts
A trader should always be patient. The more impulsive you are in trading, the more you will lose. I have seen many traders who want 100% profit in trading. This attitude is the main reason for the loss. And when they lose. Then say trading is not a good thing. You have to follow the plan in trading. If there is any deficit in the plan then there will be a loss. And you have to be disciplined. And you have to follow money management all the time. You should never trade with an impulsive attitude.
Aug 18 2020 at 00:28
298 Posts
Most of the time you have to accept the loss in trading when trading with an impulsive attitude. Trading is a game of goals and if you want to win in this game of goals, you must show patience. It is wise to accept this loss in trading and move on to trading. If you start over-trading to cover losses, your account may become empty. Therefore, you need to think positive all the time.
Aug 18 2020 at 06:17
112 Posts
The patience of traders during trading is always rewarded with a good result.
Aug 20 2020 at 13:46
140 Posts
Make a plan and try to stick that plan with patience.
Aug 21 2020 at 09:30
41 Posts
Go it with a proper strategy, make schedule, do analysis and you never get impulsive in the trading.
Aug 28 2020 at 11:24
34 Posts
You should make a good and profitable strategy to make money fro this market.
Oct 07 2020 at 19:51
232 Posts
Very informative post. Every trader should be very serious in their trading. Make a plan and choose the best strategy. It will help you to earn huge money from this market.
Oct 08 2020 at 10:57
59 Posts
You need to tell yourself that no matter what, you are going to stick to your trading strategy as it has been tested. Entry and exit points must be predetermined using indicators, and then you ought to stick to them. Whenever you feel too overwhelmed, take a stroll outside.
Oct 15 2020 at 04:56
39 Posts
If you are trading based only on impulse, you are playing a very risky game. You must have an organised plan that you can follow. This will keep you from exposing yourself to losses.
Nov 09 2020 at 10:58
28 Posts
It is very important for every trader to be patient. Being impulsive will only make you lose your money.
Nov 11 2020 at 08:16
54 Posts
As they say, patience is the key. So make sure you have enough patience to avoid losing money by making hasty decisions. You can think it through before making a decision.
Nov 11 2020 at 11:18
75 Posts
Patience and a well-designed trading plan will really help you avoid unwanted mistakes.
Nov 14 2020 at 11:28
318 Posts
Patience is the most important thing in the forex market. If you can keep patience on you while trading you will become successful for sure.
Nov 17 2020 at 02:01
298 Posts
I think regular meditation should be done to avoid impulsive trading. Meditation helps us to control our emotions.
Nov 26 2020 at 05:21
15 Posts
Being impulsive can make you lose money. Try to stay as calm as you can.
Nov 29 2020 at 11:56
112 Posts
The easiest and most reliable way to avoid impulse trading is to develop a trading plan and a good strategy.
Elena Triston (ele020)
Dec 01 2020 at 05:36
219 Posts
First of all a trader should be patient always, impulsive trading will lead to loss always. Set a proper goal, plan according to it. Choose a fix time, set a fix entry and exit time according to your strategy. It will reduce your impulsiveness and screen time also.
The more your practice, the more you learn.
Dec 03 2020 at 12:32
81 Posts
So that your trading is not impulsive, prescribe such a plan for yourself and develop discipline, then there will really be a result.
Akos (Akos53435627)
Dec 10 2020 at 13:26
10 Posts
Impulse trading is contrary to money management. You must strictly adhere to your trading system, and be as collected and disciplined as possible.
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