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Emotional Trading
May 26, 2021 at 22:42
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
会员从May 27, 2021开始
56帖子
May 27, 2021 at 09:36
FXOday posted:
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
Exactly, emotions always ruin the trading, the only way of making trading profitable is to avoid every sort of emotion and focus on understanding the market.
会员从May 27, 2021开始
63帖子
May 27, 2021 at 10:45
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
May 28, 2021 at 06:46
FXOday posted:
Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.
You have correctly described every day trading of a retail broker. Its 100% true that a retail trader has no control over the market, he can only perform according the prevailing situation. If you are losing then take a break and start fresh.. Trading under emotional distress will draw you down to more losses.
The more your practice, the more you learn.
Jun 03, 2021 at 06:49
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
会员从May 31, 2021开始
34帖子
Jun 03, 2021 at 12:47
UweMoench posted:
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
I agree with you, most of the traders have fear of losing money but this can be overcome by proper risk management and by being patient, patience is very important for a trader to avoid risks and losses.
会员从May 31, 2021开始
51帖子
Jun 04, 2021 at 07:24
(已编辑 Jun 04, 2021 at 07:24)
We should trade on forex like a numb, bcz feeling can sometimes take you on good and bad moods and from that moment we don't know when to think less. There is no clear cut line that a trader have not to cross for being greedy or fear. So sit like a robot and think like advance human species those have less emotions.
会员从May 31, 2021开始
13帖子
Jun 04, 2021 at 10:11
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.
Jun 04, 2021 at 12:33
eddieteddie posted:
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions.
Agree with you. Emotions will come since your funds are invested in that but one can surely try to tackle those emotions sensibly.
Jun 04, 2021 at 16:54
eddieteddie posted:
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.
Yes, Psychology needs to be maintained. I think there is a possibility of loss in a profitable trade in emotional trading. But if I meditate regularly, I will be protected from emotions.
会员从Jun 04, 2021开始
5帖子
Jun 04, 2021 at 19:38
Yes! This is why trading is really just about traders' psychology. It's what controls the prices of any market. Behavioral Economics/Finance is surely an interesting subject.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
会员从May 27, 2021开始
56帖子
Oct 07, 2021 at 12:11
cardigan posted:
Dangerous or not, emotional is not the right trait to have while you are trading, it is quite risky and can lead to the wrong judgment in your trading.
I agree with you, emotional decisions in forex can only lead to losses and risks.
会员从Jun 14, 2021开始
51帖子
Oct 08, 2021 at 11:16
Emotions are natural and one can never control them. What a trader can do to avoid emotional trading is to stop reacting to the points that trigger their emotions, for example when a trader faces a loss. If a trader does not react to such circumstances it is highly unlikely for them to fall into the emotional trading trap.
会员从Aug 05, 2021开始
394帖子
Oct 12, 2021 at 17:01
Sorry to hear about the bad luck! I think it's normal to feel some emotion while trading but the important thing is to manage it and not allow it to affect your trading plan. If you need to, step away and take a breather when this sort of thing happens or do something that makes you feel relaxed, then come back with a clear head.
