How to become emotionless in forex?
Apr 29 at 11:35
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11 Replies
Membro Desde Mar 23, 2024
26 postagens
Apr 29 at 11:35
Becoming emotionless in forex trading involves disciplined practices to mitigate the impact of emotions on decision-making. Firstly, traders must develop a well-defined trading plan with clear entry and exit criteria. Secondly, employing risk management strategies, such as setting stop-loss orders, helps limit emotional reactions to market fluctuations. Additionally, sticking to predetermined trading rules and avoiding impulsive actions are essential. Regularly reviewing trading performance objectively can also help detach from emotions by focusing on statistical outcomes rather than short-term gains or losses. Finally, cultivating mindfulness and psychological resilience through techniques like meditation can further support emotional detachment in forex trading.
Membro Desde Mar 17, 2021
13 postagens
May 02 at 14:11
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Mottos are corny. Just find an edge, test it rigorously and trade it.
Membro Desde Feb 12, 2016
108 postagens
May 03 at 06:33
Gwydaer posted:Yeah I also think that's the only solution others inevitably involve emotional response especially when trading is carried out using high leverage.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Membro Desde Mar 17, 2021
13 postagens
May 05 at 05:49
bardachok posted:100%, I'd never look back. The free time also allows for further system development, research, client onboarding etc. Still requires monitoring during volatile news events though.Gwydaer posted:Yeah I also think that's the only solution others inevitably involve emotional response especially when trading is carried out using high leverage.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Mottos are corny. Just find an edge, test it rigorously and trade it.
forex_trader_3531958
Membro Desde Dec 13, 2023
32 postagens
May 05 at 15:21
You become emotionless when you treat it as a business instead of wins and losses.
Membro Desde May 08, 2023
88 postagens
May 05 at 20:23
It's impossible to be emotionless, that is why people resort to EAs. However, I would say that over time with some decent understanding of the market, this feeling of anxiety and uncertainty will be reduced. It will not go away entirely though.
Membro Desde Sep 02, 2022
64 postagens
May 07 at 15:26
Gwydaer posted:I trade with an advisor, but it doesn’t really give me psychological comfort. I worry the same way if I traded manually.
Pursuing automation, if possible, will also eliminate the vast majority of 'psychological' hurdles that people will experience during trading.
Membro Desde Mar 17, 2021
13 postagens
May 08 at 08:23
Is it your own system? I'm happy to let my systems run 24/7 (except for major news events) because of the back-end testing. Definitely needs some watching with volatile news triggers though.
Mottos are corny. Just find an edge, test it rigorously and trade it.
Membro Desde Aug 13, 2024
34 postagens
Sep 23 at 14:50
Totally agree that staying emotionless in trading is key, but it’s easier said than done, right? Personally, having a strict trading plan has saved me from a lot of emotional mistakes. I remember early on, I’d make impulsive trades when I saw big swings, and it rarely ended well. Now, I stick to my rules, set my stop-losses, and try not to get too attached to any single trade. Meditation’s actually helped too—it keeps me focused and less reactive. It’s all about finding that balance between discipline and mental clarity.
Membro Desde Oct 21, 2024
16 postagens
Nov 13 at 05:53
It took time, but journaling my trades really helped me see where emotions got in the way—now, I treat each trade like just another step in the plan.
Membro Desde Oct 16, 2024
8 postagens
Nov 13 at 07:08
Cut the ego. Follow your plan, set your stops, and don’t chase losses. Focus on the process, not the outcome, money’s just numbers; stay detached.
Membro Desde Aug 28, 2024
31 postagens
Nov 14 at 05:54
I think it's like sticking to your plan when everyone else is freaking out—don’t let the ups and downs mess with your head. That’s the thing I understand so far—just keep following your strategy.
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