Emotion in Forex trading

SkeletonTj posted:
Best way to beak emotions is to learn how to trade , use a micro account and practice for a year. There is no easy fix for emotions in trading. Only experience and confidence will help

Automated trade management helps a great deal.

SkeletonTj posted:
Best way to beak emotions is to learn how to trade , use a micro account and practice for a year. There is no easy fix for emotions in trading. Only experience and confidence will help

Actually best way how to beat emotions is to avoid them.
Avoid emotions is not possible for a human.
The only way is to use trading program to execute the trades.
You will still suffer from emotions when watching the trades outcome yet it is important not to interfere

When I joined this market place I took it as a casino and tried to make money very quickly . as a result fallen a great loss due to lack of exact trading knowledge , it would be great if we take this market place as professional things. Otherwise we will be loser.

Imamul posted:
When I joined this market place I took it as a casino and tried to make money very quickly . as a result fallen a great loss due to lack of exact trading knowledge , it would be great if we take this market place as professional things. Otherwise we will be loser.

Professional training was a wake up call to the reality of Trading ,your right about the Casino proceed with the utmost caution.

Hardolian posted:
In my opinion, emotions are good. The problem lies in how we use our emotions when trading. For example, fear can make or brake you as a trader. You can be greedy to an extent that you watch your trades very carefully and use a stop loss, in order to safeguard your profits. At the same time, you can be greedy to an extent of overtrading the market and making losses

Emotions are controlled by factors not relevant to Forex.
Like somebody died, you got a blowjob this morning, your car broke.
Such things influence your trading and it is not an improvement.

Emotion is a money killer.

CRPA9 posted:
Emotion is a money killer.

That’s the point. This is why, we traders need to control our own emotions & greed during our trading sessions.

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

Adribaasmet posted:

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

I think, in this case: meditation & yoga is much helpful! Even I see, pro traders are very much active on meditation.

You need to be very emotionless for all that take place in something like Forex. All should be done very good at every possible level. No need to obtain anything else beside of what you already have and it will allow you to concentrate on the process.

Adribaasmet posted:

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

 
Emotions have NO PLACE in succesfull trading.

Garil posted:
You need to be very emotionless for all that take place in something like Forex. All should be done very good at every possible level. No need to obtain anything else beside of what you already have and it will allow you to concentrate on the process.

Correct.

AmDiab posted:

Adribaasmet posted:

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

I think, in this case: meditation & yoga is much helpful! Even I see, pro traders are very much active on meditation.

I agree with you.
I've found that meditation to be helpful in controlling my own emotional state.
Not just in trading, but in life in general.
Automation of ones trading strategy for those things which can be automated is also a massive help as well.

Professional4X posted:

AmDiab posted:

Adribaasmet posted:

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

I think, in this case: meditation & yoga is much helpful! Even I see, pro traders are very much active on meditation.

I agree with you.
I've found that meditation to be helpful in controlling my own emotional state.
Not just in trading, but in life in general.
Automation of ones trading strategy for those things which can be automated is also a massive help as well.

Really, meditation helps me a lot! But, in my early stage of mediation I missed out the reason of it; but now I have it.

Greenwood posted:
Are you saying that emotions are good or bad?

 • There are times when stock markets test your nerves so decisions should be governed by logic and not emotions.
 • There is a lot of uncertainty in trading so one should try to make sound decisions based on some research by reading,scanning the news etc.
 • However it is not completely bad to involve emotions as you are investing large amount of funds but one should learn to balance them.

Emotions can be a good warning sign to re-assess. If I am looking to enter a trade and then get very nervous about it, I either do not trade or reduce my lot size

AniLorak posted:

Professional4X posted:

AmDiab posted:

Adribaasmet posted:

CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

I think, in this case: meditation & yoga is much helpful! Even I see, pro traders are very much active on meditation.

I agree with you.
I've found that meditation to be helpful in controlling my own emotional state.
Not just in trading, but in life in general.
Automation of ones trading strategy for those things which can be automated is also a massive help as well.

Really, meditation helps me a lot! But, in my early stage of mediation I missed out the reason of it; but now I have it.

i so agree, when i started meditation i always felt what the fuss is about? but i never stopped, and now i know. yoga and meditation help me a lot to control my emotional side.

meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

Aqissiaq posted:
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

You are right! I do meditation regularly and it helps me a lot to control my emotions and greed! Eventually, I can perform well in trading!