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Emotion in Fx

georgequayle
Feb 18 2019 at 11:34
30 ieraksti
I think its always important to try and separate emotion from financial results.

Don't go throwing good money after bad.

Traders can get emotionally attached to trades and don't know when to take a loss

HumbertB
Feb 18 2019 at 11:39
8 ieraksti
I think need more than just screen time. I can look at chart for days and don't know what to look for. Someone needs to teach and learn how to trade and what to look for before look at chart

nick3232
Feb 18 2019 at 14:34
162 ieraksti
HumbertB posted:
I think need more than just screen time. I can look at chart for days and don't know what to look for. Someone needs to teach and learn how to trade and what to look for before look at chart


babypips.com

tracydavison
Feb 20 2019 at 07:02
34 ieraksti
I will be following this thread with interest as im fairly new to trading

45656
Jul 11 2019 at 15:25
65 ieraksti
Beginning your trading journey with the practice of trading performance with demo account, any foreign currency exchange trader can expect to improve his trading skills and real trading acquaintance here. However along with knowledge acquisition any trader can take benefits of his demo trading account for developing his attitude which will facilitate him certain basic factors like control of sentiments, thinking rationally, utilizing money in effectual way and developing analytical mentality etc.

NanoPips
Jul 11 2019 at 20:03
7 ieraksti
QuincyMCQuincy
Jul 12 2019 at 10:28
7 ieraksti
NanoPips posted:
no emotion only skill


Easier to say - difficult to achieve. But with good skill the number of losing trades should be lower and therefore the affect of emotions

smith_fx
Jul 19 2019 at 07:52
33 ieraksti
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

vontogr (togr)
Jul 19 2019 at 08:09
4862 ieraksti
smith_fx posted:
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

OR you can program EA which will trade 24/7 without emotions for you

VirgoG
Jul 25 2019 at 05:05
17 ieraksti
togr posted:
smith_fx posted:
mlawson71 posted:
How do you propose for a trader to learn to control their emotional responses during trading?


“ The key to trading success is emotional discipline.”If you want your profits to go up you need to learn to control your emotions. Learning to control your emotions requires patience and persistence.
You can talk a walk in between your trades. Meditate for a while. Do not get too much affected by profits or losses. Learn to remain indifferent to some extent. Avoid looking at your current P/L while you trade. Use your mind and trust your gut feeling.
Also remember controlling emotions alone will not let you become a successful trader. It is just one of the things to keep in mind while you trade forex , not the only thing.

OR you can program EA which will trade 24/7 without emotions for you

A better option, in my opinion.

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