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Emotion in Forex trading
Anggota Sejak Jan 11, 2019
11 pos
Feb 07, 2019 at 08:24
Anggota Sejak Dec 28, 2013
171 pos
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 ;)
Feb 07, 2019 at 09:11
Anggota Sejak Feb 22, 2011
4862 pos
Prest posted:Ognjan posted:hehe😄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
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.
Feb 07, 2019 at 12:21
Anggota Sejak Feb 05, 2019
43 pos
togr posted:Prest posted:Ognjan posted:hehe😄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
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
Anggota Sejak Dec 06, 2018
12 pos
Anggota Sejak Nov 09, 2018
212 pos
Mar 28, 2019 at 12:37
Anggota Sejak Apr 18, 2017
920 pos
REB_FX posted:
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.
In this case; meditation is a very useful practice! It helps to build a stable metal progress.
Mar 31, 2019 at 10:12
Anggota Sejak Feb 08, 2019
57 pos
AniLorak posted:REB_FX posted:
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.
In this case; meditation is a very useful practice! It helps to build a stable metal progress.
Yes, I know a few traders who use meditation every day, and find it works very well
Mar 31, 2019 at 11:12
Anggota Sejak Apr 18, 2017
920 pos
REB_FX posted:AniLorak posted:REB_FX posted:
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.
In this case; meditation is a very useful practice! It helps to build a stable metal progress.
Yes, I know a few traders who use meditation every day, and find it works very well
That’s the beauty of meditation; it helps a lot! It will help you to take smartest decision during your trading sessions.
Anggota Sejak Jul 12, 2018
24 pos
Apr 01, 2019 at 08:01
Anggota Sejak Jul 12, 2018
24 pos
ComebackKing 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.
You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.
+1
In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.
Apr 01, 2019 at 10:27
Anggota Sejak Feb 22, 2011
4862 pos
FMovingAverage posted:ComebackKing 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.
You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.
+1
In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.
Automated trading has much more advantages over manual trading, not only elimination of emotions.
Anggota Sejak Jul 12, 2018
24 pos
Apr 01, 2019 at 10:35
Anggota Sejak Jul 12, 2018
24 pos
togr posted:FMovingAverage posted:ComebackKing 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.
You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.
+1
In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.
Automated trading has much more advantages over manual trading, not only elimination of emotions.
Of course. For example if we are talking about people that still are on a 9-5 job whilst doing trading on the side, automated systems give the possibility of not having to be glued to the screen all the time. Not to mention backtesting possibility for a new strategy... And much more.
Anggota Sejak Dec 24, 2018
42 pos
forex_trader_436974
Anggota Sejak Jun 13, 2017
49 pos
Apr 05, 2019 at 06:22
Anggota Sejak Jun 13, 2017
49 pos
togr posted:FMovingAverage posted:ComebackKing 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.
You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.
+1
In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.
Automated trading has much more advantages over manual trading, not only elimination of emotions.
In my experience, patience is the most important 'emotion' when using an automated system. Any system will hit bumps in the road, but if you have history with a system and it's always managed to get through the bumps, have patience and stick with it.
Anggota Sejak Jan 05, 2016
1189 pos
Apr 05, 2019 at 21:02
Anggota Sejak Jan 05, 2016
1189 pos
Adribaasmet posted:Greenwood posted:
Are you saying that emotions are good or bad?
I think, good emotions are supportive but bad emotions are not.
Emotions have no place in trading.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Anggota Sejak Feb 20, 2019
11 pos
Anggota Sejak Feb 26, 2019
6 pos
Apr 07, 2019 at 06:36
Anggota Sejak Feb 26, 2019
6 pos
I used to scalp the markets and I would get a buzz from it. Almost as if I was gambling. Since I've used higher TF for swing trades I am so much calmer and my stats have improved so much! Check them out. Ive got them on public!
Investing in your future!
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