Don’t Let Your Emotions Dictate Your Forex Trading

Mar 02, 2021 at 15:39
2,647 Views
55 Replies
forex_trader_1996705
Biedrs kopš   18 ieraksti
Mar 02, 2021 at 15:39
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.
Biedrs kopš   70 ieraksti
Mar 03, 2021 at 12:24
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
forex_trader_1996705
Biedrs kopš   18 ieraksti
Mar 03, 2021 at 13:13
Yes, very important, that is part of my secrets to make winnings.
Biedrs kopš   187 ieraksti
Mar 16, 2021 at 08:20
Yes when it comes to trading make sure you leave your emotion at your door.
Biedrs kopš   25 ieraksti
Mar 16, 2021 at 09:31
When starting to trade, you need to completely disconnect and abstract from everything, especially from your emotions.
Biedrs kopš   219 ieraksti
Mar 16, 2021 at 09:51
When emotions enter trading, you start losing.
The more your practice, the more you learn.
Biedrs kopš   13 ieraksti
Mar 24, 2021 at 10:55
Yes, emotions don’t help a trade win and they do nothing but harm to prospective returns.
Biedrs kopš   536 ieraksti
Mar 24, 2021 at 17:01
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.
Apr 02, 2021 at 10:23
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.
Apr 23, 2021 at 10:38
Yeah, emotions are really bad while trading. They clog the judgement of people.
Biedrs kopš   788 ieraksti
Apr 23, 2021 at 17:18
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.
Biedrs kopš   477 ieraksti
Apr 26, 2021 at 00:35
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.
Biedrs kopš   75 ieraksti
Apr 26, 2021 at 10:27
To learn the theory to get practice, in principle, it is also difficult to control your emotions, but this really exceeds all possibilities
Biedrs kopš   788 ieraksti
Apr 28, 2021 at 14:07
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.
Biedrs kopš   477 ieraksti
Apr 29, 2021 at 13:04
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.
Biedrs kopš   78 ieraksti
Apr 30, 2021 at 08:00
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.
Biedrs kopš   78 ieraksti
Apr 30, 2021 at 08:02
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.
Biedrs kopš   35 ieraksti
Apr 30, 2021 at 11:10
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.
Biedrs kopš   477 ieraksti
May 02, 2021 at 01:22
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.
Biedrs kopš   55 ieraksti
May 09, 2021 at 09:50
When starting a trade, you should always remember that if you give in to your emotions, you will not achieve results.
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