Depending on the type of emotion, in human beings, there are emotions like anger, sadness, happiness, good, etc. Emotion could affect to trading depending upon traders will handle it, emotion become bad when traders make decision out from rational thought.
When emotions are not according to what you want them to be, it is better to leave trading. There is no use trading when we cannot trade. Knowledge and risk management reduce emotional imbalance, but complete control depends on the trader only; a trader can help prevent heavy losses by using emotions in a positive way. Without control over emotions, trading is risky, and the trader has to experience this personally.
Emotional trading makes you vulnerable which results in losing a large amount of money. It also results in over trading and further increases the chances of revenge trading. So it's wise to adopt an analytical approach and base your decisions on facts and figures.
LyudmilLukanov posted: Emotion is one of the worst human qualities that drive a person towards failure. Traders take any adverse decision anytime being grabbed by emotion. Successful traders never serve their emotion. Emotion is a drive that inspires a trader to take higher risk in the anticipation of earning more within a short time.
If you bare hell-bent on becoming successful in trading then you should know that success in trading depends on several aspects, and choosing reliable trading broker is one of those aspects.
When certain emotions lead to disruptive and harmful trading conduct, issues may occur. It is more crucial to recognize the precise feeling and comprehend its impact on your trading than to consider whether the emotion is current or predicted. I mean you do not have to be emotioneless when it comes to trading. Just make sure you keep your emotions balanced as you trade.
Emotions will not harm you if you are able to separate it from your professional life. Even an emotional or sensitive person can become a good trader if they are able to manage these emotions over time. Sometimes these emotions can also help us in a way if they are rational. Like the right amount of fear will keep us away from overtrading and the right amount of excitement and optimism will help us to keep on trading. It is about finding a balance and blocking thoughts and feelings that seem irrational or overwhelming.
Emotions are not your enemy unless you lack control over these emotions. But unfortunately most traders end up becoming prey to emotional trading. Being emotionally mature is very important for trading success. And those who have this trait will surely have an edge over those who simply lack emotional intelligence.
In trading, yes. You have to be decisive while trading and do not let emotions intervene with your judgement. But many traders get scared or lose confidence while trading. Hence, they lose. A good trader should rely on the data, planning, and analysis to avoid getting caught in making impulsive decisions.
Emotion is only a natural feeling and if ignored, can build up to something that is not worth time or energy. Hence, if traders find a way to channel their emotions in a regular manner and view the market from a clear mind and perspective, brainstorming and analysing gets much easier. Hence, smart traders are innovative controllers who are organised and apt in their approach. They minimise risk and find the most suitable way to make good returns.
they definitely harmful, that is why robot is always the best choice if you have money but lack of self control. emotion control & money management are the main ingredients to success or fail in trading.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
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