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Don’t Let Your Emotions Dictate Your Forex Trading
Membre depuis Jul 23, 2020
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Membre depuis Nov 03, 2020
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Membre depuis Jul 23, 2020
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Membre depuis Mar 17, 2021
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Dec 07, 2021 at 07:46
Membre depuis Jul 19, 2020
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LyudmilLukanov posted:Many important achievements of Emotion Trader. Profits can be made with any strategy if the strategy is managed properly.
Many indeed fail in trading because of their emotion which they struggle to control in trading.
Dec 31, 2021 at 03:35
Membre depuis Jul 19, 2020
posts 751
SteveHanks posted:If you trade according to your trading plan; then you’ll be able to overcome your personal dots; otherwise no way.LyudmilLukanov posted:Yes. every trader should control their emotions while trading.
Many indeed fail in trading because of their emotion which they struggle to control in trading.
Jan 02, 2022 at 00:46
Membre depuis Jul 19, 2020
posts 788
GraceGilm posted:Emotional trading can turn a profitable trading strategy into a loss trade. Therefore, every trader has to trade by controlling the psychology.
emotions are such a thing that can turn your work in a good direction, so you don't need to speak so categorically
Jan 11, 2022 at 04:14
Membre depuis Nov 02, 2021
posts 73
As humans, we can’t control our emotions completely. But when you have seen the market closely and know how calculative you have to be with your trading moves, you get better at managing them. Avoid revenge trading by taking a break after every loss you make.
Jan 11, 2022 at 18:58
Membre depuis Apr 18, 2019
posts 25
That's really true. The vast majoity of traders let their emotions to take them over control, while it's prohibited when we speak about trading activity. When I say 'prohibited' it means that traders must be conscious and rely only on their logical conclusions and thoughts. Of course, on the very first stages it's very difficult to turn off the emotions, however nobody restrcits you in expressing your emotions. The task is never let them take you over control, because when you make moves under the influence of your emotions you can easily ruin your deposit and the whole trading activity, because emotions don't appeal to your conscious. So, be ready for suppressing your emotions and find an activity which will let you to express them.
Jan 19, 2022 at 06:35
Membre depuis Nov 03, 2021
posts 53
Emotions and trading don’t mix well. To avoid being emotional, one should diversify his/her investments, stop trading after 3 consecutive profits or losses and stop looking at profits or losses while trading. Stay focussed and follow the plan.
Membre depuis Aug 17, 2021
posts 94
Jan 21, 2022 at 18:30
Membre depuis May 21, 2020
posts 18
That's true actually and unfortunately that is the most spread issues of all traders. They let the emotions to dictate the rules. I know that it's kinda difficult to suppress the emotions especially when we're in a bad mood. However, forex trading doesn't like those ones who can't control their emotions. There are some traders who don't care about emotiosn at all, they just do their best in order to become successful, nevertheless there is a very little amount of such traders and the vast majority of traders got used to operate due to emotions. It's okay because we are human beings, but forex trading doesn't imply any interference of emotions.
Feb 05, 2022 at 12:11
Membre depuis Aug 30, 2020
posts 15
I think that emotions are our number one enemy in trading. They can spoil everything. It’s evident even on a demo account. I initially intended to start trading real money but at the last moment something stopped and get back to my demo account. I still trade on a demo account but I try to make as realistic as possible. I set my mindset accordingly, try to buy or sell from certain levels only and never open trades randomly. I also try to adhere to the major principles of money management. I try to pretend that it’s all real and see that everything is based on emotions or to be exact the ability to control them and attention.
Membre depuis Oct 29, 2021
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Feb 24, 2022 at 04:01
Membre depuis Feb 20, 2021
posts 78
Emotional control is of great importance when you are trading forex. If the market opportunities attract you quite a lot, there are chances that you will become greedy if you don’t learn to control your emotions. And there is nothing worse than making emotional decisions.
Membre depuis Jan 20, 2022
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Membre depuis May 27, 2021
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