Emotion in Fx

Start by writing down your trading rules and create a trading plan to control your emotions. This is one tip to control your emotions.

Emotion leads to impulse decisions. Thats why I automate it and run my own EA's. Computers never panic in a situation and always think logically.

zarhard posted:
Emotion leads to impulse decisions. Thats why I automate it and run my own EA's. Computers never panic in a situation and always think logically.

Yes. You are right.

All kind of emotion is harmful in trading.

Don’t trade with emotions like greed, revenge, etc.

. You can tell that emotion is your main and first enemy as a forex trader. So you must avoid emotional trading altogether because when you get caught up in your emotions, you can not do well in your forex trading so just remember that emotional trading is not so good for you.

I think it gets easier to manage emotions the longer you trade but I also think certain factors affect this. For example, a billionaire may be able to remain mostly emotionless if they lose $1,000 on a trade but a poor person is more likely to feel emotional turmoil and will think of all the necessities that money could have bought.

mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?

Consider the money gone when you place the trade so you detach yourself from it.

WaltonCharles posted:

Unellene posted:
emotions not only in forex but in life in general can prevent you from getting a good result

Emotion is the most dangerous enemy of a trader in this market.

Yes. You are absolutely right.

Emotions control is considered to be something that requires lots of training. We're human beings and we were born with emotions and we're taught how to express emotions because it helps out organism to release hormones. Anyway, traders are emotionless, because any kind of emotiion can harm you a lot in trading activity.
Of course, it's impossible to trader without emotions at all, but you have to minimize their affection on your tradding activity. It requires too much trainings and system can help you with it. Create a special system and try to comply with it.

Aaln Solarsh says, emotion control in forex trading is veri nececsaary. A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to makemistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal.

As far as i concerned, according to my experience, emotions will always prevail over your mind in trading. The return effect can be reached only if you're in trading for several years of even decades, when you know this activity in details and know all the peculiarities of the market price changes. Of course, you can minimize the affection of emotions on your mind and your trading style, but it requires plenty of practicing. Try to concentrate on trading regardless your emotions, forget about them at all. It might help you to setup your organism correctly.

GraceGilm posted:

croisssan posted:
Sometimes emotions in trading can lead to not entirely positive results. It should be understood that under the influence of emotions, a trader cannot always make the right decisions.

all the same, emotions do not bring any useful result, decisions on emotions are sometimes wrong, so they need to be removed from your work

Emotion can put a trader into a great danger.

SteveHanks posted:

GraceGilm posted:

croisssan posted:
Sometimes emotions in trading can lead to not entirely positive results. It should be understood that under the influence of emotions, a trader cannot always make the right decisions.

all the same, emotions do not bring any useful result, decisions on emotions are sometimes wrong, so they need to be removed from your work

Emotion can put a trader into a great danger.

Exactly, emotions can ruin anyone's trading and can put you in some major risks.

AlanSolarsh posted:
Aaln Solarsh says, emotion control in forex trading is veri nececsaary. A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to makemistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal.

Of course, the market is not always in the same situation so any situation should be dealt with. Therefore, it is very important to control emotions.