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Emotion in Forex trading

Professional4X
Dec 14 2019 at 23:20
1189 príspevkov
Greenwood posted:
Are you saying that emotions are good or bad?


Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
toby1992
Dec 16 2019 at 15:40
1 príspevkov
Fully Agreed on this point

semprolfx
Dec 25 2019 at 07:38
7 príspevkov
A moment before judgement take places, you don't understand. after loss define out result, you understand that you are unprepared to accept that...the risk. what traders expect are, are real profit. and freak no out nothing to a case where worst could happen.

TeraPips
Dec 27 2019 at 07:51
19 príspevkov
Professional4X posted:
Risk management is the #1 priority.


Agree, who could handle the forex when risk management does not exist

Johny_tr
Dec 27 2019 at 09:59
34 príspevkov
Professional4X posted:
Emotions have no place in trading.

If you manage the risk, you increase the profit.

If you trade on emotion, you are increasing your risk and decreasing your profit.

Risk management is the #1 priority.

Couldn’t agree more. If emotion, by any way, finds a way into trading schedule, that will do no good to one’s account. One should practice more to avoid emotions while trading.

Bernfeld (Bernfeld)
Dec 30 2019 at 09:04
12 príspevkov
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.

Automation of a trading strategy helps a lot from the influence of emotions. Only with the use of robots did I become calmer.

AkimT
Dec 30 2019 at 12:41
1 príspevkov
well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.

AmDiab
Dec 30 2019 at 13:29
718 príspevkov
AkimT posted:
well... my first years learning the trades had its emo times. But after a long while, just got used to losses and now able to work around without emo attachment You setup the spots, if it goes your way, bonus. If it doesn't, oh well... then wait for the next opportunity. the truth of trading the charts? they wait for you if your faith is such as that... but if you trade in doubts, that's when it'll swallow you into the emotional abyss.


Nice to see your progress; really it takes time to learn! I think, your used the practice account so sincerely, as a result now enjoying the live!

Draggyr
Jan 01 2020 at 10:53
19 príspevkov
I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.

AmDiab
Jan 01 2020 at 13:08
718 príspevkov
Draggyr posted:
I think it's not quite right and honest to say that someone manages to completely avoid emotions and worries in trading or any other business. It's just nonsense, because we are all people and sometimes we can worry and not always do logical actions and make mistakes. And in my opinion it is normal. Of course, you shouldn't allow overwork or emotional burnout. But sometimes you have to let your emotions go. And if you're tired, you need to be able to turn off the computer and stop caring about what's going on with the gold today. It's not worth it. But you don't have to worry about anything like a 5% subsidence. Because it'll make you panicky and weak, too. You have to stick to the golden mean here. Don't forget that you're human. But don't forget that you're a businessman.


We can’t avoid this issue; but we are able to transform our bad emotions into positive thoughts by practice & knowledge!

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