Emotion in Fx

Jan 30, 2018 at 11:56
Przeglądane 3,140
75 Replies
Uczestnik z Aug 09, 2017   785 postów
Jan 30, 2018 at 11:56
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.
Uczestnik z Dec 11, 2015   1487 postów
Jan 30, 2018 at 15:20
How do you propose for a trader to learn to control their emotional responses during trading?
Uczestnik z Dec 06, 2017   21 postów
Jan 31, 2018 at 06:58
A good trading plan with strict entry / exit rules is a must
Uczestnik z Nov 22, 2017   23 postów
Jan 31, 2018 at 07:07
I remember when I closed the minus transaction for the first time, I was nervous for a long time, worried and considered myself an absolute loser. Even broke a couple of plates in the kitchen :(
But later I began to feel more relaxed. It was facilitated by Yoga to some extent. By the way, I highly recommend it. Before opening the order, I always adjust with the help of Yoga.
Uczestnik z Aug 09, 2017   785 postów
Feb 01, 2018 at 13:22
Emotions we can’t avoid at any places demo or live. But if we trade with emotions in real account it could be dangerous. That’s why it is more appropriate to use demo account before live trading to make sure how to manage emotions. On the other hand, the experience we acquired from demo not works in a live account. So, it’s really a complicated issue.
Uczestnik z Feb 22, 2011   4862 postów
Feb 02, 2018 at 11:29
Imamul posted:
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.

You can always use robot to trade and eliminate emotions
Uczestnik z Aug 11, 2017   886 postów
Feb 11, 2018 at 07:05
Newcomers always attacked by the emotion and fall a great trouble when trading practically. We cannot avoid greed and emotions. Because this is a part of common human nature but we can be discipline which can support us to control greed and emotions.
Uczestnik z Dec 11, 2015   1487 postów
Feb 11, 2018 at 15:14
Mohammadi posted:
Newcomers always attacked by the emotion and fall a great trouble when trading practically. We cannot avoid greed and emotions. Because this is a part of common human nature but we can be discipline which can support us to control greed and emotions.

That's easier said in theory than done in practice, unfortunately. The road to disciplined, organized trading is long, difficult and few people reach the destination.
Uczestnik z Feb 22, 2011   4862 postów
Feb 12, 2018 at 08:19
Imamul posted:
Emotion cannot be controlled by someone at all. but when you would a long time in this volatile trading place then you will understand when it should be controlled. Using high leverage without real money managing plan and after losing take revenge from this market place is the foremost symptom of emotions which is mainly considered the enemy of Fx profits.

By using EAs you can easily avoid emotions
Uczestnik z Jan 03, 2018   12 postów
Feb 12, 2018 at 13:29
I second that. EA is the easiest way to keep a cool head and made som pips
Uczestnik z Feb 22, 2011   4862 postów
Feb 12, 2018 at 13:40
Skater posted:
I second that. EA is the easiest way to keep a cool head and made som pips

Exactly :)
Uczestnik z Aug 09, 2017   785 postów
Feb 25, 2018 at 06:15
Not only beginners, there is no one successful or loser which has no emotions. But the different is experienced traders always able to control their emotions by proper trading discipline that cannot the beginner. That’s why they have to be disciplined and experienced by passing long times in here with great survive.
Uczestnik z Aug 09, 2017   785 postów
Feb 25, 2018 at 06:48
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.
Uczestnik z Dec 11, 2015   1487 postów
Feb 26, 2018 at 14:50
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.

That's true, but how do you propose to gain such discipline?
Uczestnik z Sep 12, 2015   1948 postów
Feb 26, 2018 at 23:08
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.
"They mistook leverage with genius".
Uczestnik z Dec 11, 2015   1487 postów
Feb 27, 2018 at 15:09
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.

I've never heard of him, but this sounds like an interesting recommendation that I need to look into. Thanks for that.
Uczestnik z Feb 12, 2016   522 postów
Feb 28, 2018 at 13:42
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.

That's true, but how do you propose to gain such discipline?

The discipline comes with screen time and experience :)
Uczestnik z Dec 11, 2015   1487 postów
Feb 28, 2018 at 14:10
BaldoN posted:
mlawson71 posted:
Imamul posted:
Most of them time newcomers attacked by the emotions and after having some losses they try to take revenge from here. As a result they lost their whole equity. For removing emotions and others worst activates they should be more disciplined on practice account. Otherwise they will not come out from current losses.

That's true, but how do you propose to gain such discipline?

The discipline comes with screen time and experience :)

That much is true. But surely there is a way to speed up the process? Exercises, meditation even?
Uczestnik z Feb 22, 2011   4862 postów
Mar 01, 2018 at 09:02
snapdragon1970 posted:
Charles Duhigg has an interesting book called 'The power of habit',having a plan for your trading day helps too,have a set time you start,take regular breaks,do you feel focused today,how many trades will I take today,what's my limit on losses,have a distraction while waiting on a setup,etc.

Still sounds like it is better to let the EA do your job better than you.
Uczestnik z Aug 09, 2017   785 postów
Mar 01, 2018 at 13:18
Emotions and greediness is difficult to control for the beginners when there is a large amount. But in micro account there is no chance. So, of course it can be suitable for beginners
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