Emotion in Forex trading

Personally I beleive in meditation and I do regularly it helps a lot to maintain the focus in personality but keeping emotions in control is something spontiniously sometimes in trading so keep an eye on the market don't rush on making decissions and taking steps.

AniLorak posted:

Adribaasmet posted:

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!

Hi buddy; what’s the process on your meditation for trading? are you following the same way as like general steps?

Yes buddy, I follow the general rules of meditation, no secret souse.

Emotional conditions are different for each of us. Some people can keep calm and trade in red, some, like me, worry about every failure. It is really important to accept the fact about your personality and note whether you need to train or not.

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.

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

Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.

Fully Agreed on this point

A moment before judgement take places, you don't understand. after loss define out result, you understand that you are unprepared to accept that...the risk. what traders expect are, are real profit. and freak no out nothing to a case where worst could happen.

Professional4X posted:
Risk management is the #1 priority.

Agree, who could handle the forex when risk management does not exist

Professional4X posted:
Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.

Couldn’t agree more. If emotion, by any way, finds a way into trading schedule, that will do no good to one’s account. One should practice more to avoid emotions while trading.

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.

Automation of a trading strategy helps a lot from the influence of emotions. Only with the use of robots did I become calmer.

well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.

AkimT posted:
well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.

Nice to see your progress; really it takes time to learn! I think, your used the practice account so sincerely, as a result now enjoying the live!

I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.

Draggyr posted:
I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.

We can’t avoid this issue; but we are able to transform our bad emotions into positive thoughts by practice & knowledge!

Emotion is bad in forex trading, what else do you want to hear from me? That it's good or whatever? Please make it possible for me if you do not mind it here. Can you please? I do not recommend you to do that clearly anyway. Be calm and trade Forex;)

I don't have any emotion here.
If loss, make a new trade again, if margin call, deposit again, if profits, withdraw.
Everyone knows forex is the riskiest investment.
No emotion here, just money. $.$

Most traders are greedy and impatient. They would like to see their profits double in a matter of hours. After a few random wins, they think they have uncovered the code of the market for forex. In the end, they are unable to make funds.

Akasuki posted:
Most traders are greedy and impatient. They would like to see their profits double in a matter of hours. After a few random wins, they think they have uncovered the code of the market for forex. In the end, they are unable to make funds.

Really love this, the whole problem with people failing is summed up in this post. short sightedness is the biggest downfall

Nasrul_Swing posted:
I don't have any emotion here.
If loss, make a new trade again, if margin call, deposit again, if profits, withdraw.
Everyone knows forex is the riskiest investment.
No emotion here, just money. $.$

Exactly, if you lose, you will have to fight positively with the trading market every day. And the share of profit should be increased with the risk ratio.