To use chat, please login.
Back to contacts

Emotion in Forex trading

Teejy88
Feb 06 2019 at 06:47
35 mensajes
Its incredibly hard for the average person to take emotions out of trading or anything to do with money. The main reason a lot of people fail is when their emotions get the best of them and they start to chase loses.

togr (togr)
Feb 06 2019 at 09:01
4862 mensajes
Teejy88 posted:
Its incredibly hard for the average person to take emotions out of trading or anything to do with money. The main reason a lot of people fail is when their emotions get the best of them and they start to chase loses.


Emotions can be avoided by
 - strictly following trading plan
 - creating robot which strictly follow trading plan

Prest (Prest)
Feb 06 2019 at 12:46
43 mensajes
Ognjan posted:
Prest posted:
Adribaasmet posted:
Greenwood posted:
Are you saying that emotions are good or bad?


I think, good emotions are supportive but bad emotions are not.


A human body and reactions of a brain are not indicate a different emotions. Emotions are chemical reactions inside body. In this way, there is no differ between good and bad emotions. There is only your chemistry.


That doesn't help one bit. The problem we have is how to deal with emotions in trading. It doesn't matter about the chemistry

hehe😄
What do you know about how to use a body chemistry?
1. Using a psychology rules and principles to affect your emotions.
2. Using external chemistry to affect your own chemistry.

my experience is my profit
NascarLover
Feb 07 2019 at 06:59
8 mensajes
There are meditation techniques that can be used to control emotion and body chemistry. I use them to remain as calm and emption less when trading

niceGLer
Feb 07 2019 at 08:24
165 mensajes
togr posted:
Teejy88 posted:
Its incredibly hard for the average person to take emotions out of trading or anything to do with money. The main reason a lot of people fail is when their emotions get the best of them and they start to chase loses.


Emotions can be avoided by
 - strictly following trading plan
 - creating robot which strictly follow trading plan


I would add on this that proven track record creates confidence and helps with uneasiness and anxiety. It is a lot easier to deal with emotions if one already knows that this is working. One can form a trading system by demo trading. Somebody said that it is possible to test a system manually in MT4, right? One needs to be also a little bit of a gambler, and an addict, but not too much ;)

togr (togr)
Feb 07 2019 at 09:11
4862 mensajes
Prest posted:
Ognjan posted:
Prest posted:
Adribaasmet posted:
Greenwood posted:
Are you saying that emotions are good or bad?


I think, good emotions are supportive but bad emotions are not.


A human body and reactions of a brain are not indicate a different emotions. Emotions are chemical reactions inside body. In this way, there is no differ between good and bad emotions. There is only your chemistry.


That doesn't help one bit. The problem we have is how to deal with emotions in trading. It doesn't matter about the chemistry

hehe😄
What do you know about how to use a body chemistry?
1. Using a psychology rules and principles to affect your emotions.
2. Using external chemistry to affect your own chemistry.


Yeah that is great idea, take LSD and trade $100,000 customer account :)

Guys there is no easy road to be successful trader, just a hard work and trading plan.

Prest (Prest)
Feb 07 2019 at 12:21
43 mensajes
togr posted:
Prest posted:
Ognjan posted:
Prest posted:
Adribaasmet posted:
Greenwood posted:
Are you saying that emotions are good or bad?


I think, good emotions are supportive but bad emotions are not.


A human body and reactions of a brain are not indicate a different emotions. Emotions are chemical reactions inside body. In this way, there is no differ between good and bad emotions. There is only your chemistry.


That doesn't help one bit. The problem we have is how to deal with emotions in trading. It doesn't matter about the chemistry

hehe😄
What do you know about how to use a body chemistry?
1. Using a psychology rules and principles to affect your emotions.
2. Using external chemistry to affect your own chemistry.


Yeah that is great idea, take LSD and trade $100,000 customer account :)

Guys there is no easy road to be successful trader, just a hard work and trading plan.


The reaction caused by LSD may be unpredictable.
LSD is for romantics,
the trader needs to be maximum indifferent and cautious and attentive.
Therefore, this stuff is not suitable...😂😂😂

my experience is my profit
ChristianBeach
Feb 07 2019 at 12:26
12 mensajes
If it were easy then everyone would be trading Forex and making a tonne of money. Nothing worth doing is easy in life

AnthonyWins (AnthonyWins)
Feb 10 2019 at 07:24
212 mensajes
ChristianBeach posted:
If it were easy then everyone would be trading Forex and making a tonne of money. Nothing worth doing is easy in life


Brilliant! Forex - not easy, risky, expensive.

REB_FX (REB_FX)
Feb 14 2019 at 08:51
36 mensajes
Understanding mindset in trading was a break through for me.

Learning the nuts and bolts I would say is the easier part, controlling your emotions and developing the mindset to apply what you know is the key to unlocking success.

Por favor inicie sesión para comentar.