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to control emotions first we should use take profit and stop loss for each orders.next one is that we should not set high take profit pips because it causes huge losses.we should not wait for getting huge profit,it also leads to losses.then we should develop our own strategy.finally doing all above these there is no chance for controlling emotions.
Yes you can control it after some experience or when you are getting consistently profit then you can control. Emotions are the normal state of our mind which we can handle them to trade in small lots and good money management.Quote:
Originally Posted by ketan
Controlling emotions is very difficult because when we lose our real money then we can not control our emotions. We have to learn to control emotions because not controlling emotion is the main cause of our losses after losses.
Definitely i just know only one thing that human dont have nature of loss any think and if this matter come in favor of money then its more hard and when we see that we are lossing money in front of our eyes we can not accept it so emotions come naturally.
emotions are very bad thing for froex trader because its very important thing in forex if you will control you can make successful trader . Agar apko is me training hy to ap achi trading kr sakty hen or ziada profit kma sakty hen.yeh bohat buri kamzori hy hamen isay door karna cahiye.
One good method of controlling emotions is that open a position on analysis only and put stop loss and take profit at the time of opening a position and then go away from your computer. When you will open your computer after 2-3 hours you will get some profit and if your position is in loss then wait for the time it comes to profit area.
emotion is one of the psychological side we have and we should not think of emotions as an enemy, because it will never be finished, so we must learn to control yourself by opening your mind becomes betterQuote:
Originally Posted by ali1011
use SL to reduce the disadvantages and I do not think it helps you to manage MM because you have to set the MM you should use the size of the lot size
Wo traders jo apny emotion par kabo nahen pa sakty wo kabhi bhi kaamyaab naheen hp paty. Hamin forex main kaamyaab honya kay liye robots ki trah kaam karny ki zaroorat hay tab hi hum kaamyab ho sakty hain is filed main.
I think lack of control on emotions can wipe up to 10 20 or 30 accounts also if you are not able to control your emotions. Traders who are facing margin calls regularly should give up the trade for some time and should go back to the demo account. They should not come to the real account unless their confidence level improves.