Impulsive trading is something that all Forex traders struggle with, some more than others. Trading on Impulse if a bad ideal because you are trading without plan, but the huge to just trade.
More often than not, those
Impulse traders turns out to lose a lot and below are best ways to avoid it.
1.Have Plan; Having a Daily plan is one of the best way to avoid impulse trading, make out your daily plan and make stick to it.
2. Chose A time frame; choosing a time frame helps you to avoid impulse trading, make your decisions based on the plans for that time frame.
3. And finally, Reduce the amount of time you spend on Screen, this will definitely make you and free you from the huge to do impulse trading.
More often than not, those
Impulse traders turns out to lose a lot and below are best ways to avoid it.
1.Have Plan; Having a Daily plan is one of the best way to avoid impulse trading, make out your daily plan and make stick to it.
2. Chose A time frame; choosing a time frame helps you to avoid impulse trading, make your decisions based on the plans for that time frame.
3. And finally, Reduce the amount of time you spend on Screen, this will definitely make you and free you from the huge to do impulse trading.
NO EMOTION DURING TRADING.
A trader should always be patient. The more impulsive you are in trading, the more you will lose. I have seen many traders who want 100% profit in trading. This attitude is the main reason for the loss. And when they lose. Then say trading is not a good thing. You have to follow the plan in trading. If there is any deficit in the plan then there will be a loss. And you have to be disciplined. And you have to follow money management all the time. You should never trade with an impulsive attitude.
LeviSievwright5
เป็นสมาชิกตั้งแต่ Jul 20, 2020
298 โพสต์
Aug 18 2020 at 00:28
Most of the time you have to accept the loss in trading when trading with an impulsive attitude. Trading is a game of goals and if you want to win in this game of goals, you must show patience. It is wise to accept this loss in trading and move on to trading. If you start over-trading to cover losses, your account may become empty. Therefore, you need to think positive all the time.
The patience of traders during trading is always rewarded with a good result.
Go it with a proper strategy, make schedule, do analysis and you never get impulsive in the trading.
CirillaCosta
เป็นสมาชิกตั้งแต่ Jul 19, 2020
34 โพสต์
Aug 28 2020 at 11:24
You should make a good and profitable strategy to make money fro this market.
EbonyJones
เป็นสมาชิกตั้งแต่ Jul 20, 2020
232 โพสต์
Oct 07 2020 at 19:51
Very informative post. Every trader should be very serious in their trading. Make a plan and choose the best strategy. It will help you to earn huge money from this market.
inspirenez
เป็นสมาชิกตั้งแต่ Jun 15, 2020
59 โพสต์
Oct 08 2020 at 10:57
You need to tell yourself that no matter what, you are going to stick to your trading strategy as it has been tested. Entry and exit points must be predetermined using indicators, and then you ought to stick to them. Whenever you feel too overwhelmed, take a stroll outside.
williamhayes
เป็นสมาชิกตั้งแต่ Jul 09, 2020
39 โพสต์
Oct 15 2020 at 04:56
If you are trading based only on impulse, you are playing a very risky game. You must have an organised plan that you can follow. This will keep you from exposing yourself to losses.
Breonnataylor
เป็นสมาชิกตั้งแต่ Oct 09, 2020
28 โพสต์
Nov 09 2020 at 10:58
It is very important for every trader to be patient. Being impulsive will only make you lose your money.
Harshalgibbs
เป็นสมาชิกตั้งแต่ Oct 13, 2020
54 โพสต์
Nov 11 2020 at 08:16
As they say, patience is the key. So make sure you have enough patience to avoid losing money by making hasty decisions. You can think it through before making a decision.
Patience and a well-designed trading plan will really help you avoid unwanted mistakes.
GeorgeBischof
เป็นสมาชิกตั้งแต่ Jul 19, 2020
318 โพสต์
Nov 14 2020 at 11:28
Patience is the most important thing in the forex market. If you can keep patience on you while trading you will become successful for sure.
LeviSievwright5
เป็นสมาชิกตั้งแต่ Jul 20, 2020
298 โพสต์
Nov 17 2020 at 02:01
I think regular meditation should be done to avoid impulsive trading. Meditation helps us to control our emotions.
Tyronemings654
เป็นสมาชิกตั้งแต่ Nov 09, 2020
15 โพสต์
Nov 26 2020 at 05:21
Being impulsive can make you lose money. Try to stay as calm as you can.
The easiest and most reliable way to avoid impulse trading is to develop a trading plan and a good strategy.
Elena Triston
(ele020)
เป็นสมาชิกตั้งแต่ Apr 15, 2020
219 โพสต์
Dec 01 2020 at 05:36
First of all a trader should be patient always, impulsive trading will lead to loss always. Set a proper goal, plan according to it. Choose a fix time, set a fix entry and exit time according to your strategy. It will reduce your impulsiveness and screen time also.
The more your practice, the more you learn.
So that your trading is not impulsive, prescribe such a plan for yourself and develop discipline, then there will really be a result.