That is bad and I'm sorry for your loss. You can probably use demo accounts or micro accounts for a while until you get back on your feet.
opportunitycalls
会员从Apr 16, 2021开始
8帖子
May 26 2021 at 10:11
I have gone back to demo a couple of times. It feels like a step backwards but it is necessary if you want to go forwards
Profits cannot be gained by trading for a long time if emotions cannot be controlled. Emotional trading tends to ruin a trader's investment. So stay away from emotional trading.
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.
CocoChannel
会员从May 27, 2021开始
57帖子
May 27 2021 at 09:36
FXOday posted: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.
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.
Alexthetrader
会员从May 27, 2021开始
64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.
Getting influenced by emotions during trading is one of the reasons people lose money. Sometimes people open trade out of overjoy, sometimes out of frustration. One should open trade only if your strategy permits.
There is no place of emotions in trading. You either win or lose.
Elena Triston
(ele020)
会员从Apr 15, 2020开始
219帖子
May 28 2021 at 06:46
FXOday posted: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.
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.
The more your practice, the more you learn.
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.
MasterMove
会员从May 31, 2021开始
35帖子
Jun 03 2021 at 12:47
UweMoench posted: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.
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.
winning_trades
会员从May 31, 2021开始
48帖子
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.
eddieteddie
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.
eddieteddie posted:Agree with you. Emotions will come since your funds are invested in that but one can surely try to tackle those emotions sensibly.
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.
eddieteddie posted: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.
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! 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
Emotions are not at all dangerous, it's a matter of controlling them when trades are not going according to your expectations or plans.
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.
CocoChannel
会员从May 27, 2021开始
57帖子
Oct 07 2021 at 12:11
cardigan posted:I agree with you, emotional decisions in forex can only lead to losses and risks.
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.