Emotional Trading
Oct 12, 2021 at 19:24
The only thing for you to recover your trading is to analyse your past mistakes. Otherwise, you are going to make the same mistakes in the future and the outcome will be the same. That is why I support the idea of having a trading diary where you can write all your thoughts which made you make this or that decision. It is a very nice tool to trak down your own trading strategy and its downsides.
Mitglied seit Mar 17, 2021
536 Posts
Oct 12, 2021 at 20:08
Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
Oct 14, 2021 at 04:12
Emotions can be an issue in forex trading. Whether you are a novice trader or an experienced one, we all must face emotions that will affect our trading. So always keep your emotions in check when trading because they can overwhelm you at any time.
Mitglied seit Jul 20, 2020
399 Posts
Oct 14, 2021 at 06:58
SteveHanks posted:Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
Mitglied seit Apr 09, 2019
538 Posts
Oct 14, 2021 at 12:01
CraigMcG2020 posted:I also personally find solace in statistics. If I know my plan has a statistical edge then I know I just need to stick to it regardless of the situation and over time I will come good.SteveHanks posted:Unellene posted:Emotion is very dangerous in this market. You have to make proper plan.
emotions are such a moment that can bring both benefit and failure, all the same decisions are made with emotions different than under normal conditions
It really is a plan is so key as it literally just gives you a process to follow. That is key in keeping emotions at bay. The better the plan the more objectivity i find :)
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Mar 19, 2021
9 Posts
Oct 15, 2021 at 19:38
The only way for you to recover from your losses is to learn lessons from this experience. You should analyse your trading and decision making process thoroughly in order to find the exact mistakes which led to the losses. Otherwise, you will repeat your mistakes and you will have the same trading results.
Mitglied seit Aug 10, 2021
178 Posts
Nov 11, 2021 at 10:44
Emotions play an important role in our lives. This is true everywhere, but particularly in forex trading. We will not be able to handle forex business if we avoid its influence. That is why we should demo trade and trade in real time to reduce the emotion. Do you agree?
Mitglied seit Aug 10, 2021
178 Posts
Nov 11, 2021 at 10:47
Trading forex is only possible for a very small number of people. The success of top forex traders shows that you can get rich trading forex. You will lose money even if you are a successful trader, but if you can consistently turn a profit, you will be well on your way to success.
Mitglied seit Apr 09, 2019
538 Posts
Nov 11, 2021 at 11:46
I also think that emotions are what make us human. To not have them is unreasonable. But they MUST be controlled when trading. That is the biggest task most traders will face. Especially when the markets will brutally lay out your weaknesses in front of you. Most people react badly to that.
If you can't spot the liquidity then you are the liquidity.
Nov 16, 2021 at 08:01
Forex traders are ultimately responsible for their own success or failure in the market. A trader should avoid emotions while trading and keep a clear mind. To be a successful trader, a trader should develop discipline and patience to stay objective toward their own success.
Mitglied seit Jun 26, 2020
327 Posts
Nov 18, 2021 at 07:00
emotions really a bad habit in trading life , when you make a trade by emotions
of course it could be dangerous. so we the traders should more careful about emotional trading.
of course it could be dangerous. so we the traders should more careful about emotional trading.
Mitglied seit May 31, 2021
48 Posts
Nov 18, 2021 at 10:45
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
Mitglied seit Mar 17, 2021
536 Posts
Nov 21, 2021 at 19:17
winning_trades posted:Emotion can put you in great danger.
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
Jan 16, 2022 at 06:28
SteveHanks posted:Absolutely right. Emotional attachment is a major problem when it comes to trading. It can cause traders to make a mistakewinning_trades posted:Emotion can put you in great danger.
It's tough to control emotions as our mind is filled with the lot of things that are directly linked to us and trading is just a small part of it.
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