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Impulse Trading and How to Avoid It
Mar 03, 2021 at 09:44
Member Since Jun 24, 2020
14 posts
Kazile posted:When talking about complexity, I prefer fundamental analysis. Good and simple for someone like me who doesn't understand much about technical analysis, charts, and margin average.
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
Member Since Jun 03, 2020
30 posts
Mar 04, 2021 at 05:25
Member Since Jun 03, 2020
30 posts
Simply analyzing the economic, political, and social events that may or may not affect the currency prices of a country keeps me sorted to place my next trade. But yeah, without being modest, I do adopt a risk management strategy in case there’s a spike before the important changes.
Member Since Nov 03, 2020
65 posts
Member Since Apr 03, 2021
12 posts
Member Since Jul 23, 2020
869 posts
Member Since Jul 23, 2020
759 posts
Member Since Aug 05, 2021
401 posts
Nov 25, 2021 at 10:22
Member Since Sep 22, 2019
24 posts
I believe that impulse trading should be prohibited, because it can easily lead to unpleasant consequences such as blowing of your deposit. In my opinion, people should stay calm while trading and never let emotions take over control your mind. It's teh worst mistake, however i understand that it's pretty difficult to struggle with such situations.
Nevertheless, if you will train and practice, you will understand that impulse trading will never lead you to success. Also, you have to forget about revenge trading, you shouldn't do it, because revenge trading guarantess that you can say goodby to your money.
Nevertheless, if you will train and practice, you will understand that impulse trading will never lead you to success. Also, you have to forget about revenge trading, you shouldn't do it, because revenge trading guarantess that you can say goodby to your money.
Member Since Mar 17, 2021
536 posts
Nov 26, 2021 at 18:28
Member Since Mar 17, 2021
536 posts
Akasuki posted:Yes. Proper knowledge and discipline is very much needed to survive in this market.
Enough knowledge and discipline is the key to avoid impulsive trading. To open a trade, you should have enough reasons behind it. If you can't find enough reasons, don't open trade.
Jul 21, 2022 at 10:31
Member Since Jun 22, 2022
22 posts
Impulsive trading happens mostly when we get carried away by our emotions and deviate from our original trading plan and strategy. It often leads to over-trading as well. Emotional control is very much needed to fight the urge to act upon sudden impulses. We must work on building trading discipline and strictly follow our plan while trading.
Member Since Jul 06, 2022
24 posts
Aug 01, 2022 at 10:08
Member Since Jul 06, 2022
24 posts
From my experience, I clearly understood that emotions only interfere in trading. You always need to stick to a strategy to achieve success and do not hope for a quick result!
Patience and constant replenishment of your knowledge base is what really helps a trader.
Patience and constant replenishment of your knowledge base is what really helps a trader.
Member Since Jul 19, 2022
24 posts
Aug 04, 2022 at 09:39
Member Since Jul 19, 2022
24 posts
Impulsive trading can only be avoided by building discipline and following a professional approach while trading. Try to think if a professional trader would take up this trade when you see yourself giving into your urges and impulses while picking trades. You need to find a valid reason to justify your trading decision and control your emotions.
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