Emotion in Forex trading

togr posted:

Teejy88 posted:
Its incredibly hard for the average person to take emotions out of trading or anything to do with money. The main reason a lot of people fail is when their emotions get the best of them and they start to chase loses.

Emotions can be avoided by
 - strictly following trading plan
 - creating robot which strictly follow trading plan

Prest posted:

Ognjan posted:

Prest posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

A human body and reactions of a brain are not indicate a different emotions. Emotions are chemical reactions inside body. In this way, there is no differ between good and bad emotions. There is only your chemistry.

That doesn't help one bit. The problem we have is how to deal with emotions in trading. It doesn't matter about the chemistry

hehe😄
What do you know about how to use a body chemistry?
1. Using a psychology rules and principles to affect your emotions.
2. Using external chemistry to affect your own chemistry.

togr posted:

Prest posted:

Ognjan posted:

Prest posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

A human body and reactions of a brain are not indicate a different emotions. Emotions are chemical reactions inside body. In this way, there is no differ between good and bad emotions. There is only your chemistry.

That doesn't help one bit. The problem we have is how to deal with emotions in trading. It doesn't matter about the chemistry

hehe😄
What do you know about how to use a body chemistry?
1. Using a psychology rules and principles to affect your emotions.
2. Using external chemistry to affect your own chemistry.

Yeah that is great idea, take LSD and trade $100,000 customer account :)

Guys there is no easy road to be successful trader, just a hard work and trading plan.

ChristianBeach posted:
If it were easy then everyone would be trading Forex and making a tonne of money. Nothing worth doing is easy in life

REB_FX posted:
Understanding mindset in trading was a break through for me.

Learning the nuts and bolts I would say is the easier part, controlling your emotions and developing the mindset to apply what you know is the key to unlocking success.

AniLorak posted:

REB_FX posted:
Understanding mindset in trading was a break through for me.

Learning the nuts and bolts I would say is the easier part, controlling your emotions and developing the mindset to apply what you know is the key to unlocking success.

In this case; meditation is a very useful practice! It helps to build a stable metal progress.

REB_FX posted:

AniLorak posted:

REB_FX posted:
Understanding mindset in trading was a break through for me.

Learning the nuts and bolts I would say is the easier part, controlling your emotions and developing the mindset to apply what you know is the key to unlocking success.

In this case; meditation is a very useful practice! It helps to build a stable metal progress.

Yes, I know a few traders who use meditation every day, and find it works very well

ComebackKing posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.

FMovingAverage posted:

ComebackKing posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.

+1

In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.

togr posted:

FMovingAverage posted:

ComebackKing posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.

+1

In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.

Automated trading has much more advantages over manual trading, not only elimination of emotions.

AniLorak posted:
Yes; of course automatic trading systems can help; but in that case, traders need to use good automatic service that it very rare in reality.

togr posted:

FMovingAverage posted:

ComebackKing posted:

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.

You are going to experience both good and bad emotions and you are going to have to deal with them in order to be successful.

+1

In order to keep your emotions under control and not have them affect your trading, a trading plan is must have. Second option is automated trading.

Automated trading has much more advantages over manual trading, not only elimination of emotions.

Adribaasmet posted:

Greenwood posted:
Are you saying that emotions are good or bad?

I think, good emotions are supportive but bad emotions are not.