Don’t Let Your Emotions Dictate Your Forex Trading

Emotions are not good in trading.

It is important to try and keep them under check when about to enter the Forex market. The most important point is that speculators should have a trading strategy that works and they should follow it to the letter. There should never be an abandoning of risk management stimulated by the variety of feelings that attack a person during the actual trading event.

Having placed a rather negative picture of emotions, the fact is that we are all emotional beings and as a result, we need to ask, what state should our emotions be in when trading? – The answer is that there should be a general feeling of well-being.

The person who generally feels well lacks any particular underlying bias to react irrationally during a trade. It is not good for a depressed person to trade because they will speculate at inappropriate moments and will get more depressed. If a person is loaded with debts and is feeling stressed, he will rush into trades and lose more. A person who has the general feeling of well-being will only suffer from emotions that are common to all people like regret, impatience, fear, excitement etc.
In summary, develope a stoneheart while trading, over my years of trading, i devolope stoneheart each time im trading and take the market as i see it, this have help me consistently and i keep up piling profits upon profits far greater than losing, hence making me very successful profits compiler. I hope the above notes helps you to become a better trader.

This is quite important as it can affect your trading, so having your emotions under controlled are quite useful to avoid facing trial and errors in your trading

Yes, very important, that is part of my secrets to make winnings.

Yes when it comes to trading make sure you leave your emotion at your door.

When starting to trade, you need to completely disconnect and abstract from everything, especially from your emotions.

When emotions enter trading, you start losing.

Yes, emotions don’t help a trade win and they do nothing but harm to prospective returns.

The most important thing in forex is trading psychology. A trader's trading psychology also should match to his or her trading strategy. Most traders ignore this aspect but lose money because of this.

These are some very important points you’ve covered about emotions in trading. There is no room for them if you want to have a profitable trade.

Yeah, emotions are really bad while trading. They clog the judgement of people.

I can say from my experience that I have lost a lot by trading emotionally. A lot of times I have closed with a loss in profitable trade which was very sad for me. That is why one should never trade emotionally.

It was a very good topic. It would be a bit impossible for me to make a profit if I couldn't let go of emotions.

To learn the theory to get practice, in principle, it is also difficult to control your emotions, but this really exceeds all possibilities

LukeRachel posted:
It was a very good topic. It would be a bit impossible for me to make a profit if I couldn't let go of emotions.

Yes of course I can never make money if I can't control emotions. In this case, this topic can help me develop my knowledge.

AliaDare posted:

LukeRachel posted:
It was a very good topic. It would be a bit impossible for me to make a profit if I couldn't let go of emotions.

Yes of course I can never make money if I can't control emotions. In this case, this topic can help me develop my knowledge.

Thank you so much for understanding me. Emotion control is very important.

It may seem that for someone it really is not the main thing, but when you begin to interpret, it is realized that it is quite difficult to be able to control emotions.

Basically, everyone comes here in order to achieve financial stability, it is absolutely necessary to understand that simplicity is also, and you will need to choose a broker that you can trust.

Mauk posted:
It may seem that for someone it really is not the main thing, but when you begin to interpret, it is realized that it is quite difficult to be able to control emotions.

You are right buddy!
Handling emotions is not an easy task. But I think meditation helps a lot in controlling our emotions.

One thing I have followed is that those who are big investors usually work less on their emotions and that is why their business is improving so much. Trading is no exception. It is possible to make money from trading by giving up emotions.