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Emotion in Forex trading
Uczestnik z Dec 09, 2013
138 postów
Jan 10, 2022 at 08:20
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.
Yes, it is very tough to be disciplined in the live market. A trader may know what he needs to do, what he should do or should not do. However, when it comes to implementing things in the live market, we seem to get carried away. This is the main reason that 90% traders fail in the market.
Uczestnik z Aug 05, 2021
394 postów
Jan 10, 2022 at 15:15
You can always try to risk more money to reduce emotions. Risk less, use SL, only deposit a small amount at first, etc. so that you aren't able to lose as much money. That tactic helped my anxiety when I first started.
Uczestnik z Jul 23, 2020
816 postów
Jan 11, 2022 at 22:42
Forex markets are an exciting opportunity for traders, but in such a highly competitive market, traders tend to be emotionally ups and downs.
Uczestnik z Sep 14, 2020
12 postów
Jan 13, 2022 at 20:36
You cannot excape emotions while trading, unfortunately, but you can control them. Surely, you need to learn how to do that, but otherwise, you are highly likely to lose everything that you've got on your trading account.
Uczestnik z Dec 28, 2019
17 postów
Jan 15, 2022 at 13:31
Emotions are inevitable part of trading however sometimes they probably are very harmful for a trader. No doubts, that it's impossible to get rid of any emotions, because they literally ingulf you, especially when you have hard trading day. Nevertheless, traders should learn how to suppress emotions in a way it won't be harmful for your organism. All people know that suppressing the emotions definitely leads to serious mental health issues, however they really interfere your conscious when you analyze the graphic. In my opinion, it can be learnt how to do it but it requires enough time and experience.
Uczestnik z Dec 22, 2020
10 postów
Jan 15, 2022 at 14:00
Emotions are a geat enemy of success in trading. However, that is the thing that we cannot get rid of. The only way to survive on the market is to comb your emotions and control them. I believe that the best way to deminish the influence of psychology is to work out a precise and categorical trading strategy. If you build such a plan which will be objective and precise, you will just follow the formula of taking trading decisions and you will hardly experience greed or fear when you will deal with sheer numbers and calculations.
Jan 17, 2022 at 06:08
Emotion in trading can lead to more losing trades. A trader should focus on executing trades based on a strategy and should not get affected by the emotions of greed, fear, and hope. This can lead to a trader having good risk control, where one does not take unnecessary risks.
Uczestnik z Apr 09, 2019
516 postów
Jan 17, 2022 at 12:04
I totally agree. The idea of shutting down emotions isn't what is needed. Just raising self awareness and ability to control emotions and departmentalise them. I enjoyed reading the Chimp Paradox to help with this.
If you can't spot the liquidity then you are the liquidity.
Jan 21, 2022 at 17:59
Emotions play the biggest role in trading. I got used to think that if there would be no emotions in trading, then all traders would become successful. According to statistics, the biggest part of traders give up trading because of their emotions and this isn't surprising at all. Everything because it's difficult to control them while we're trading. No doubts, that if we will be able to handle our emotions during responsible moments, then we would have less losses and we would make less mistakes.
The reality is strict to us, and there are no easy ways to become successful. All paths require special approach I guess.
The reality is strict to us, and there are no easy ways to become successful. All paths require special approach I guess.
Uczestnik z Jul 23, 2020
696 postów
Jan 29, 2022 at 21:58
Emotions can influence trading decisions unless you develop a strategy in advance and stick to it no matter what you think at the moment.
Uczestnik z Dec 09, 2013
138 postów
Feb 12, 2022 at 16:26
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.
Emotion is human nature. We get emotional when we run on our instinct, imagination or prediction. If a trader sticks to his plan strictly and he knows exactly what he is doing, then he would not get emotional. Making a loss is a part of trading. A good trader learns and knows how to deal with losses as well.
Uczestnik z Apr 03, 2021
437 postów
Feb 13, 2022 at 23:18
Emotion included as human nature, each people they have own emotions because human is not a robot, they felt pain, hurt, etc another feeling as part in emotion, while trading forex will be involved between expectation and reality, when expectation gets out from reality could make human get emotion, but here important to control emotion in trading to prevent bad decision due to emotion.
Uczestnik z Jul 20, 2020
385 postów
Feb 15, 2022 at 08:39
This teaches you so much about yourself that emotions get intertwined with logic. Its the key to making it long term in this industry. Just build your psychology as much as your techincal skills
Uczestnik z Apr 09, 2019
516 postów
Feb 15, 2022 at 14:22
Thing is there is no way around dealing with the psychological aspect before you expose yourself to it. I tried as best I could on demo to treat it like real money but it's just not quire the same. I never had too many issues but can see how many will do.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z May 31, 2021
34 postów
Feb 16, 2022 at 12:14
A trader should never have emotions while placing trades, it will always ruin one's trading journey.
Uczestnik z Aug 10, 2021
172 postów
Feb 18, 2022 at 02:29
As a trader, emotion is your worst enemy. As you are a trader, you need to avoid emotional trading because when you are caught up in emotion, you can not do well in your forex trading. Just keep in mind that emotional trading is not good.
