Emotion in Forex trading

Seems all are struggling to cope with this enemy. I read somewhere that making proper trade strategies and not doing over trading is some of the few ways to handle this, But I think these two are also the biggest challenge for a trader.

Trading is not about emotions so you have to be practical when making decisions because it's about your money.

Emotions= Loss in forex trading.

Getting emotional while trading is a sure sign that your trade will have a negative affect, so you just have to be careful and letting the emotions be out of the box.

Emotions and trading don’t mix well, so it is better if a trader keeps all kinds of emotions out of his/her mind while trading. Traders don’t need emotions, but smart trading strategies to win trades, which come from knowledge and practice.

A trader can’t afford to be emotional while trading. The moment a trader gets greedy or scared, that’s the beginning of his/her downfall in forex trading. A trader should implement the right trading strategies and remain patient to succeed in this field.

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

Well, you should open your new trade position only based on your current market analysis, don’t follow your emotions when you are trading! Because, more than 95% traders loss their money because of following their emotions & greed!

You cant runaway from emotions. They are the part of a trader's mindset. How well you tackle with it and handle your profits and losses is the key in forex trading.

Emotions are an important part of trading because they influence trading decisions. That’s why uncontrolled emotions are a big NO in trading. Traders can never eliminate emotions from trading, but they can learn to control them. To keep your emotions in check, develop a trading plan based on your needs and market knowledge.

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

If you are not sincere enough on your existing trading plan then you will be affected by your bad emotions during your trading time! I don’t think, you emotions can really help you during your trading time; so try to follow your trading rule as much as you can!

Its the holy grail of trading so yo speak mastering ones trading psychology mindset.
If you can do this along with a solud trading plan your pretty much unstoppable

Mohammadi posted:
i think without trading emotions and maintain analysis always when trading is a real part of real trading discipline that always supportive to avoid unfortunate risk and losses. but we cant maintain this attitude during trading most of the time. as a result 90% are loser from here above all the beginners level.

It’s our natural habit; don’t try to control your emotions during your trading sessions; just focus on your trading process and always avoid revenge trading! Basically revenge trading is the main culprit! So when’ll face SL, don’t be panicked just focus on your process!

Controlling emotion is the major concern for a trader. Because when a trader sees there is money splattering like water in the sea, he cannot control his emotion in terms of anything. But, those who have been here for a very long time can only control emotion as they are familiar with the environment.

I was confused and clueless In making a decision either to report or contact a hacker to access my partner’s phone, at least have evidence the day I will confront him. I contacted a private investigator “webdrive AT writeme dot com” who gave me access in a few days after my complain, doubt cleared, he was only busy with work.

Don’t let your emotion raid into your trading but if so happens, it will raze your trading down. I know it’s a physiological problem; however, you have to control it at any cost to save yourself. Always try to ignite your trading skill and execute as much as you learn in the demo account.

Emotion can really mess up your psychology when it comes to trading, so that is why many traders try to take it out before trading. Greed, revenge trading, overconfident are some of the common emotions that can be found in trading and they all should be eliminated before you execute an order.

Emotional outburst is natural while placing trades but it's extremely important to learn how to control them.

I believe that emotions in forex trading can ruin anyone's trading journey, more the emotions less chances of getting profitable.

Living without emotions is bad for your health. But you need to filter your emotions and engage in reflection. Ask yourself questions: why did I do this and not otherwise? What can I do next time to prevent this from happening?

Understand that you are responsible for your own trading and for your emotions. Be patient.