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Emotion in Forex trading

CrackedMic
Jul 15 2019 at 11:26
12 inlägg
Emotions can be a good warning sign to re-assess. If I am looking to enter a trade and then get very nervous about it, I either do not trade or reduce my lot size
Roy8
Jul 23 2019 at 06:36
7 inlägg
AniLorak posted:
Professional4X posted:
AmDiab posted:
Adribaasmet posted:
CRPA9 posted:
Emotion is a money killer.

No way to avoid your statement but we need to follow our good emotions and need to learn the tricks of controlling bad emotions.

I think, in this case: meditation & yoga is much helpful! Even I see, pro traders are very much active on meditation.


I agree with you.
I've found that meditation to be helpful in controlling my own emotional state.
Not just in trading, but in life in general.
Automation of ones trading strategy for those things which can be automated is also a massive help as well.

Really, meditation helps me a lot! But, in my early stage of mediation I missed out the reason of it; but now I have it.

i so agree, when i started meditation i always felt what the fuss is about? but i never stopped, and now i know. yoga and meditation help me a lot to control my emotional side.
Aqissiaq
Jul 23 2019 at 09:06
11 inlägg
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders
Adribaasmet
Jul 23 2019 at 13:38
994 inlägg
Aqissiaq posted:
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

You are right! I do meditation regularly and it helps me a lot to control my emotions and greed! Eventually, I can perform well in trading!
AniLorak
Sep 29 2019 at 16:14
920 inlägg
Adribaasmet posted:
Aqissiaq posted:
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

You are right! I do meditation regularly and it helps me a lot to control my emotions and greed! Eventually, I can perform well in trading!

Hi buddy; what’s the process on your meditation for trading? are you following the same way as like general steps?
Wiame (Baazex)
Nov 26 2019 at 11:38
45 inlägg
Personally I beleive in meditation and I do regularly it helps a lot to maintain the focus in personality but keeping emotions in control is something spontiniously sometimes in trading so keep an eye on the market don't rush on making decissions and taking steps.
Revenue is vanity, profit is sanity, but cash is king
Adribaasmet
Nov 29 2019 at 14:22
994 inlägg
AniLorak posted:
Adribaasmet posted:
Aqissiaq posted:
meditation is like a marathon. At the start it feels like you are getting nowhere. But if you keep going you can achieve wonders

You are right! I do meditation regularly and it helps me a lot to control my emotions and greed! Eventually, I can perform well in trading!

Hi buddy; what’s the process on your meditation for trading? are you following the same way as like general steps?

Yes buddy, I follow the general rules of meditation, no secret souse.
AniLorak
Nov 30 2019 at 07:54
920 inlägg
Thank you Baaz; how many sessions you do meditation in a day?
Matthew (Bernfeld)
Dec 04 2019 at 10:40
12 inlägg
Emotional conditions are different for each of us. Some people can keep calm and trade in red, some, like me, worry about every failure. It is really important to accept the fact about your personality and note whether you need to train or not.
Mohammadi
Dec 09 2019 at 08:55
886 inlägg
When I joined this market place I took it as a casino and tried to make money very quickly . as a result fallen a great loss due to lack of exact trading knowledge , it would be great if we take this market place as professional things. Otherwise we will be loser.
Professional4X
Dec 14 2019 at 23:20
1189 inlägg
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 inlägg
Fully Agreed on this point
semprolfx
Dec 25 2019 at 07:38
7 inlägg
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 inlägg
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 inlägg
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.
Matthew (Bernfeld)
Dec 30 2019 at 09:04
12 inlägg
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 inlägg
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 inlägg
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
25 inlägg
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 inlägg
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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