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Impulse Trading and How to Avoid It

DoraWalletInvest
Dec 14 2020 at 05:38
123 комментариев
To these three points I would add a fourth saying 'stick to your plan no matter what'. You need to trust your system and trade according to it even if some kind of impulse hits you. If you trade impulses, you lose control over your decisions. Even the best system is not worth much if you can't stick to it.
Raheemsterling22
Jan 07 2021 at 04:50
31 комментариев
These are some very good tips for impulse traders and could even be beneficial if traders use them better. Thanks for sharing.
Hrenz
Feb 03 2021 at 08:03
38 комментариев
The solution to a problem always lies on the surface, you just need to listen and understand how to solve it.
Kazile
Feb 17 2021 at 07:12
119 комментариев
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
DawnDanny
Mar 03 2021 at 09:44
14 комментариев
Kazile posted:
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
When talking about complexity, I prefer fundamental analysis. Good and simple for someone like me who doesn't understand much about technical analysis, charts, and margin average.
Keaton Richards (keatonrichard)
Mar 04 2021 at 05:25
30 комментариев
Simply analyzing the economic, political, and social events that may or may not affect the currency prices of a country keeps me sorted to place my next trade. But yeah, without being modest, I do adopt a risk management strategy in case there’s a spike before the important changes.
starmyth
Mar 04 2021 at 08:17
15 комментариев
Well weekly calendar suits me as of now. Filtering out the events depending on the expected market impact and then focusing on the currency pairs has helped me in demo trading.
Keaton Richards (keatonrichard)
Mar 05 2021 at 05:01
30 комментариев
starmyth posted:
Well weekly calendar suits me as of now. Filtering out the events depending on the expected market impact and then focusing on the currency pairs has helped me in demo trading.
I'd rather use oscillators to discover the short-term over bought or sold conditions. A blend of fundamental and technical analysis works out well for me and the brokers I trade with turnkey forex and IG allow me to mix them up for better trade results.
Shelby10
Mar 05 2021 at 07:50
140 комментариев
Money management is a very important part of trading. Profits can never be made without proper money management. I do not risk more than 2% in each trade. And I always try to trade by reducing the lot. Successful trading is not possible without money management.
Mauk
Mar 06 2021 at 12:26
78 комментариев
Indeed, sometimes it is very difficult not to succumb to emotions, to make impulsive trading, and for this purpose create a trading plan.
Cordawield
Mar 11 2021 at 20:13
65 комментариев
I think if you learn not to give in to emotions, there will be no impulsive trading
VenumPT (PedroVale)
Mar 11 2021 at 23:24
2 комментариев
if you learn that its impossible to control at 100% your emotions.
but yes if you train your head you can avoid for sure the impulsive trading
Tremblay
Mar 31 2021 at 15:38
330 комментариев
Cordawield posted:
I think if you learn not to give in to emotions, there will be no impulsive trading
I completely agree with you. In the forex market, Emotion is the main culprit.
lisabethluke
Apr 20 2021 at 10:27
12 комментариев
Thanks for sharing your knowledge here. It is indeed very important for a trader to not let their emotions get in the way of trading.
Sar John (Sarjohn)
Apr 21 2021 at 07:58
187 комментариев
Make a well defined trading plan and follow it patiently. Never do revenge trading, it will lead you to more losses.
Duktilar
Apr 21 2021 at 08:59
112 комментариев
That's right, you don't need to let your emotions control you and allow you to make mistakes.
LyudmilLukanov
Sep 08 2021 at 22:14
869 комментариев
Demo practice is the best solution in my opinion.
SofieAndreasen
Sep 08 2021 at 22:44
759 комментариев
Find your mistake and learn from it.
Unellene
Sep 12 2021 at 14:11
283 комментариев
I understand that we are talking about the emotional aspect?
HeavenLeighGill (HeavLeighGill26)
Sep 13 2021 at 14:28
401 комментариев
I think it’s crucial to have a trading plan and stick to it. You might get lucky with one or two impulse trades, but it will likely lead to a blown account very quickly if that is the only method you’re using.
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