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Emotion in Forex trading

Adribaasmet
Sep 26 2018 at 07:19
posts 951
LikeMustard posted:
I'm not sure about all this psychology talk. Surely if you have a good trading strategy, good money management and you stick to your rules of trading there shouldn't be a problem with emtions


Mate, following the own trading plan with honesty is important; most of the time initial trading plan breaks the proper game plan & makes trader greedy.

pipsKeeper
Nov 09 2018 at 11:20
posts 19
Emotional conditons are differend for each of us. Some people can stay calm and trade in red, some people like me, worry about each fail. The really important thing is to accept the fact about your personality and note if you need to train yourself or not.

AmDiab
Nov 15 2018 at 07:42
posts 718
pipsKeeper posted:
Emotional conditons are differend for each of us. Some people can stay calm and trade in red, some people like me, worry about each fail. The really important thing is to accept the fact about your personality and note if you need to train yourself or not.


Right! We traders need to understand our own strength & weakness at first! Besides, having a good trading skill is very much important here.

Imamul
Nov 15 2018 at 11:09
posts 624
Emotion is mainly considered the foremost reason for losing in Forex trading. So it would be great if we practice our trading devoid of this nature. Even though it is impossible to remove completely from our trading but we have control our emotion to keep survive in this volatile trading place for a long time with making profit successfully.

Jingyi
Nov 15 2018 at 11:16
posts 8
Knowing our strength and weakness is important. I know for me I am good at identify chart patterns but I over trade so reduced number of trades I can take per day. It really help me

AmDiab
Nov 19 2018 at 13:50
posts 718
Jingyi posted:
Knowing our strength and weakness is important. I know for me I am good at identify chart patterns but I over trade so reduced number of trades I can take per day. It really help me


Well said! Yes, we have to understand our strong and weak areas for sure! In addition, analyzing on live trading mistake is a good practice.

PinguPeter
Nov 20 2018 at 12:18
posts 11
I find emotion with revenge trading is worst problem I have. If I get three losers in a row then a downward spiral can develop. Need to stop that somehow

AmDiab
Nov 25 2018 at 07:57
posts 718
PinguPeter posted:
I find emotion with revenge trading is worst problem I have. If I get three losers in a row then a downward spiral can develop. Need to stop that somehow


Revenge trading is very much common issue; I was with the same problem when I was a newbie.

eabrams
Nov 25 2018 at 08:17
posts 6
I've been there, I've done that, sometimes I still do that. Getting out of that spiral is almost impossible once it starts.

Adribaasmet
Nov 27 2018 at 13:38
posts 951
eabrams posted:
I've been there, I've done that, sometimes I still do that. Getting out of that spiral is almost impossible once it starts.


Got it mate, almost we all same similar experience but the good thing is; now we have improve a lot.

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