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How to become emotionless in forex?
Участник с Mar 23, 2024
26 комментариев
Apr 29 at 11:35
Участник с Mar 23, 2024
26 комментариев
Becoming emotionless in forex trading involves disciplined practices to mitigate the impact of emotions on decision-making. Firstly, traders must develop a well-defined trading plan with clear entry and exit criteria. Secondly, employing risk management strategies, such as setting stop-loss orders, helps limit emotional reactions to market fluctuations. Additionally, sticking to predetermined trading rules and avoiding impulsive actions are essential. Regularly reviewing trading performance objectively can also help detach from emotions by focusing on statistical outcomes rather than short-term gains or losses. Finally, cultivating mindfulness and psychological resilience through techniques like meditation can further support emotional detachment in forex trading.
Участник с Mar 17, 2021
12 комментариев
May 02 at 14:11
Участник с Mar 17, 2021
12 комментариев
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Mottos are corny. Just find an edge, test it rigorously and trade it.
Участник с Feb 12, 2016
59 комментариев
May 03 at 06:33
Участник с Feb 12, 2016
59 комментариев
Gwydaer posted:Yeah I also think that's the only solution others inevitably involve emotional response especially when trading is carried out using high leverage.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Участник с Mar 17, 2021
12 комментариев
May 05 at 05:49
Участник с Mar 17, 2021
12 комментариев
bardachok posted:100%, I'd never look back. The free time also allows for further system development, research, client onboarding etc. Still requires monitoring during volatile news events though.Gwydaer posted:Yeah I also think that's the only solution others inevitably involve emotional response especially when trading is carried out using high leverage.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Mottos are corny. Just find an edge, test it rigorously and trade it.
Участник с Dec 13, 2023
32 комментариев
May 05 at 15:21
Участник с Dec 13, 2023
32 комментариев
You become emotionless when you treat it as a business instead of wins and losses.
Участник с May 08, 2023
59 комментариев
May 05 at 20:23
Участник с May 08, 2023
59 комментариев
It's impossible to be emotionless, that is why people resort to EAs. However, I would say that over time with some decent understanding of the market, this feeling of anxiety and uncertainty will be reduced. It will not go away entirely though.
Участник с Sep 02, 2022
56 комментариев
May 07 at 15:26
Участник с Sep 02, 2022
56 комментариев
Gwydaer posted:I trade with an advisor, but it doesn’t really give me psychological comfort. I worry the same way if I traded manually.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Участник с Mar 17, 2021
12 комментариев
May 08 at 08:23
Участник с Mar 17, 2021
12 комментариев
Is it your own system? I'm happy to let my systems run 24/7 (except for major news events) because of the back-end testing. Definitely needs some watching with volatile news triggers though.
Mottos are corny. Just find an edge, test it rigorously and trade it.
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