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Emotion in Forex trading
会员从Sep 12, 2015开始
1948帖子
Dec 14, 2018 at 23:13
会员从Sep 12, 2015开始
1948帖子
Emotions are always in the market ,your living in the dark ages if you think otherwise ,Algos are reading sentiment on twitter,facebook yahoo finance etc etc etc ....remember the algo that canceled orders on fake news about the white house blowing up ,use fear and greed to your advantage.
"They mistook leverage with genius".
Dec 16, 2018 at 11:16
会员从Apr 18, 2017开始
718帖子
snapdragon1970 posted:Depending on others prediction is not a good choice! This is why, I avoid social medias to collect Forex news! Since, it makes me confused.
Emotions are always in the market ,your living in the dark ages if you think otherwise ,Algos are reading sentiment on twitter,facebook yahoo finance etc etc etc ....remember the algo that canceled orders on fake news about the white house blowing up ,use fear and greed to your advantage.
会员从Sep 12, 2015开始
1948帖子
Dec 16, 2018 at 14:29
会员从Sep 12, 2015开始
1948帖子
AmDiab posted:snapdragon1970 posted:Depending on others prediction is not a good choice! This is why, I avoid social medias to collect Forex news! Since, it makes me confused.
Emotions are always in the market ,your living in the dark ages if you think otherwise ,Algos are reading sentiment on twitter,facebook yahoo finance etc etc etc ....remember the algo that canceled orders on fake news about the white house blowing up ,use fear and greed to your advantage.
If everyone and there dog is shorting Eur/Usd what are you gonna do follow the heard ,that's why its good to read the forums ,yes its confusing but helps to gauge bias of retail.
"They mistook leverage with genius".
会员从Aug 27, 2017开始
994帖子
Dec 21, 2018 at 11:33
会员从Jan 14, 2017开始
38帖子
nasrul_poyo posted:
Once TP, sure you are happy. When current trade in blue color, still can smile but if it turns red, most of us trying to look at chart and think why its not perfect entry and looking new improvement 😂
When the position go red, the only chance to keep calm is stand a SL and stand away from PC and charts.
Dec 23, 2018 at 14:55
会员从Apr 18, 2017开始
920帖子
FuYating posted:
There are a lot of people trying to claim that they have great results and lure people into their 'fund' etc. if anyone asks for a direct message or email then just stay away
That’s the best practice; even I got so many massages from different forum members! Even they are claiming about 100% profit ratio; lol.
会员从Mar 02, 2017开始
50帖子
Dec 24, 2018 at 07:18
会员从Mar 02, 2017开始
50帖子
Let's make 2 questions:
Question one
A) you have 100% of chance to lose 30 USD
B) you have 80% of chance to lose 40 USD, and 10% of chance to lose nothing
92% of answers say option B.
Question two
A) 100 percent chance of receiving $30 USD
B) 90 percent chance of receiving $40 USD, and a 10 percent
chance of receiving nothing.
80% of answers say option A.
These question were part of a study carried by Daniel Kahneman and Amos Tversky, about market behavior, in 1979.
Successful traders answers: A and B.
Why? Because they play with probabilities. In the long term, for example:
Question one
A) loose 30 USD.
B) loose 90% x 40 USD = 36 USD.
Question two
A) Win 30 USD.
B) Win 90% x 40 USD = 36 USD.
These answers show how real traders think! They accept their losses earlier, respecting their stop losses, and maximize their profit, keeping their TP.
Question one
A) you have 100% of chance to lose 30 USD
B) you have 80% of chance to lose 40 USD, and 10% of chance to lose nothing
92% of answers say option B.
Question two
A) 100 percent chance of receiving $30 USD
B) 90 percent chance of receiving $40 USD, and a 10 percent
chance of receiving nothing.
80% of answers say option A.
These question were part of a study carried by Daniel Kahneman and Amos Tversky, about market behavior, in 1979.
Successful traders answers: A and B.
Why? Because they play with probabilities. In the long term, for example:
Question one
A) loose 30 USD.
B) loose 90% x 40 USD = 36 USD.
Question two
A) Win 30 USD.
B) Win 90% x 40 USD = 36 USD.
These answers show how real traders think! They accept their losses earlier, respecting their stop losses, and maximize their profit, keeping their TP.
Trade safely... Remember, a high Drawdown means a high risk!
Dec 24, 2018 at 09:58
会员从Jan 14, 2017开始
38帖子
Arcferreira posted:
Let's make 2 questions:
Question one
A) you have 100% of chance to lose 30 USD
B) you have 80% of chance to lose 40 USD, and 10% of chance to lose nothing
92% of answers say option B.
Question two
A) 100 percent chance of receiving $30 USD
B) 90 percent chance of receiving $40 USD, and a 10 percent
chance of receiving nothing.
80% of answers say option A.
These question were part of a study carried by Daniel Kahneman and Amos Tversky, about market behavior, in 1979.
Successful traders answers: A and B.
Why? Because they play with probabilities. In the long term, for example:
Question one
A) loose 30 USD.
B) loose 90% x 40 USD = 36 USD.
Question two
A) Win 30 USD.
B) Win 90% x 40 USD = 36 USD.
These answers show how real traders think! They accept their losses earlier, respecting their stop losses, and maximize their profit, keeping their TP.
Brilliant. One of the best answer I read here. The psychology of traders who is able to earn is completely different from common traders. That is why 95% of traders cannot to trade profitable.
会员从Aug 27, 2017开始
994帖子
会员从Dec 24, 2018开始
42帖子
Dec 25, 2018 at 13:26
会员从Apr 18, 2017开始
920帖子
Trader4hire posted:
There must be no emotion for one to succeed in Fx, make a decision when required.
Of course, it is! But, it takes such a long time to learn & make a professional mind set! I see, almost all of pro traders focus on their trading process instead of result.
会员从Dec 24, 2018开始
42帖子
Dec 25, 2018 at 14:30
会员从Dec 24, 2018开始
42帖子
AniLorak posted:In my place of trading with the banks, no selected traders have emotions, funny enough, i was picked up from here around 2007, emotion its one thing you must put in the bin if you want to succeed, especially when you are working under big organizationsTrader4hire posted:
There must be no emotion for one to succeed in Fx, make a decision when required.
Of course, it is! But, it takes such a long time to learn & make a professional mind set! I see, almost all of pro traders focus on their trading process instead of result.
Move along with the Market
会员从Dec 24, 2018开始
42帖子
会员从Nov 28, 2016开始
14帖子
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