Rules for Controlling Emotions in your Trading.

[king]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

I think, fear, hope and greed. To succeed in your trading, you must remove these emotions, avoid them like the devil. it's kind demotions if you avoid them you had a good trader and you can make profit profitable

[norix]

I think, fear, hope and greed. To succeed in your trading, you must remove these emotions, avoid them like the devil. it's kind demotions if you avoid them you had a good trader and you can make profit profitable

make a trade without emotion and can make our trade is hard to draw his
for me to make a failed until now when it comes emotions funds can make a mess when you open a position that did not profit

[contil]

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

master's true I will keep myself so that will remain consistent to use a lot of the same on every open position I

3. I will alway put a top loss 5 pips under my entry point.

I think if that was too dangerous because 5 points is very close to the open position when touched us what the price

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

is by looking at trends in a larger time frame could increase the chance of winning and minimize the loss angle

[rak]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[santo.plus]

My rules for controlling emotions

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help

bro i like your post.this is very useful post for every traders.

it can make you a good trader if anyone follow it.

thanks for share it with us.

happy trading friend.

:respect::respect:

[moss]

I know some rules for controlling emotions which are given serially. 1) perform meditation.Meditation is very helpful for controlling emotion.Meditation keeps our mind calm and quite.So a man can take decision thinking more.2) Practice more and more in demo account to control your emotion.Try to think about the cause of loss after making loss.Try to trade without greed in demo account.

[nahial]

Stop and evaluate � One of the best things you can do is mentally stop yourself, and look at the situation. Ask yourself why you feel frustrated. Write it down, and be specific

[king]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

I think for me this very helpful article for me and for any trader, I look for better ways to control toujoursdes emotions so I can say is that we still need to create a rule and follow the strategies of very good.

[pak forex]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

boss ap na kafi ahci o best post ke ha muja ap ke post kafi ahci or best lagi ha esi waja sa main be yahi katta hon agr hama ahci or best trading karni ha to hama trading main zada sa zada apna emotion ko or greed ko control kanra chayia q k agr hum trading main apan emotion ko control nai karta ho hama trading man loss he loss earned ho ga .

[ayusri]

indeed not all brokers are safe and reliable but i know i for both the forex tradin diinsta deposite and withdrawal in order to trade and do it now safe and no disturbance of any meaning if it's time to pay the unpaid akn withdrawl us, I never get paid very fast when I withdrawl WD diinstaforex so request in less than two minutes had entered my LibertyReserve account, this is amazing and very interesting, and there is also a time to pay my withdrawl but also not up to a maximum of 24 hours, that's what I feel is the most long only 24 hours and the rest is always faster and selalubagus is why I want diinstaforex trading may be due to the security of guaranteed funds and have felt it many times with instaforex WD ease, because of the broker broker that I have used only a quick and safe instaforex samapai today.

[Tanjurul]

I want to know about it,please tell me about it.

---------- Post added at 10:06 AM ---------- Previous post was at 10:02 AM ----------

:)I never get paid very fast when I withdrawl WD diinstaforex so request in less than two minutes had entered my LibertyReserve account, this is amazing and very interesting, and there is also a time to pay my withdrawl but also not up to a maximum of 24 hours, that's what I feel is the most long only 24 hours and the rest is always faster and selalubagus is why I want diinstaforex trading may be due to the security of guaranteed funds and have felt it many times with instaforex WD ease, because of the broker broker that I have used only a quick and safe instaforex samapai today.Han ye bat to he ke ham rouls ke sath hi forex pe kam kary to hamry lye bohat hi acha ho ga aur ham forex pe apni ek khud ki pehchan bhana sakty he magar zarori to nai he ke ham forex pe ek hi time hi trading kary ham se kabi kabi late bhi ho jati he magar is ka koyi bhi nuksan nai hota he.

[nemo emo]

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

good advise from you as when we take preak our mind will refresh so i with you 100%
and thank you for your advices and i will try all

[jennilyn]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

I like the 1st and 4th rules you shared. These are the rules I strongly follow. The 1st rule you stated is essential. Having a target amount of winning keeps me away from being greedy, and having a certain amount of money that I'm willing to lose brings me less regrets when I lose at the end of my trading. The 4th one, I do this to reduce my loss and figure the things that when wrong. Nice post! Everyone will relate to this :)

[cozard007]

The best thing best in the market is to place and walk away trading strategy, by this, i belive that mnay traders will be able to get the fact better in the market.

[Ramnit]

To control our emotions on the forex exchange trading is very important and we must keep the utmost importance when we trade. Strong emotions leads to high losses and low emotions led to losses.

Control the emotion comes from your insistence and your determination to bring in the profit and achieve success in Forex because success requires determination and resolve to be able to achieve

[mehedi315]

Business and emotion are so apart things. I think in business there should not any emotion cause emotion cannot start well. So control your emotion in your business.

[sgiant]

emotion is one of the factors that affect trading conditions. if it is not unusual to master emotion then the trade would be bad. master the rules described above are very good for the practice.

[Abidine]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

i agree with you in that that we should really control our emotions wich is a big issue that most of traders have it, i can say that while trading we should know the fact that we can win profit as we can loose, and focusing on the term loss because it is the only thing that most of traders fears it, and that makes our emotions weeker wich can directly leads us to loss, instead of that we should be confident but not greedy so we can profit with sense not to be greedier so that we shouldn't loose, thank you for this post i find it very useful

[tenma]

Yes i agree with your post, you have explained good points about the emotions i will also follow this , but you have to increase the value of stop loss 40 points. But you will left the important thing that is News which is published by the Govt. the market is depend in news only.

I will alway put a loss greater than 5 pips below my entry point. <--- You must also think that in the foreign exchange market, we are not alone, we fight another trader in opposition to us, we are also against the dealer

[Ramnit]

I feel this is a article really useful to me I'm still looking for better ways to control emotions and until now I still can not control my emotions when trading with real account maybe I need to create a rule and follow the strategies of good trader

our ability to control emotions in trading and we will get better in the trade and would be able to maximize in our trade with sebuh profit to be able to continue to increase with the ability to control emotions

[roshan]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[sammy]

if you are a scalper then i dont think you are doing the right thing by setting stop los only 5 pips wide. you need to give your trade a lot more breathing space. try 10 or 12 pips

[nuh514]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:
You have suggested very good points but one point is not understandable that you will use stop loss with only pips under your entry points. According to my experience if you will use this strategy then you will hardly win any trade because pips are very low target and your trade will easily hit the stop loss target because of high volatility of the market.

[kalponick]

I dont really care about my emotions anymore.. because I start trading mechanically.. I only execute a trade when I see any good signal via my trading system.. and also close that trade when I saw that the price is going to reverse.. And following this strategy really giving me good profit.. I think this is the best way to beat this market..

[knh]

It is very hard to controlling emotion. But we should try to control it. Other everyone will fail from forex. You rules is better but everyone has its own strategy. They should try to follow their own strategy.

[Ramnit]

It is very hard to controlling emotion. But we should try to control it. Other everyone will fail from forex. You rules is better but everyone has its own strategy. They should try to follow their own strategy.

if we give the impression of being at market on a daily basis for me is easy to control sentiment when trading, but if we disappear it for a week and more than that, it's become hard to keep up control our sentiment while trading.

[hmkowsar]

when i can't concentrate enough to just watch market movement for 5 minutes and not do any thing else i will close the terminal and reurn at another time i will be concentraed only on trading.

[leshvein]

This topic will help to control emotion. In Forex emotion attract very strongly. High liquidity is one cause of it. But emotion is a enemy. Truly say that emotion not possible to control finally. But need limitation for success. Well education and experience can control this enemy. Maximum time Emotion make success. But some of time it make me loser. So need set our position in a comfortable position.
Discipline also another cause of controlling emotion.
But I usually only open to trades for 10-15 pips. So what do you think my s / l must be then, about 10 pips? Because yes, it happened before there was a point and I lost my investement but then he jumped right away, but this is really rare, at least I do not see very often

[kavita]

yes, this is right that we should be controlled our business. our trade depends our mind so when we do trade we should be work with policy and controlled emotion . if we involve emotion in our business then we can not run in trade market for a long period

[zahidrock]

if you are a scalper then i dont think you are doing the right thing by setting stop los only 5 pips wide. you need to give your trade a lot more breathing space. try 10 or 12 pips

I think 5 pips stop loss is very risky because most of the time you can get only stop loss without take profit. So try to make big distance and for scalper 10+ pips is best for stop loss.

[wisam]

stop loss aur take profit use karna bahut hi aasan tarika hai emotions ko kabu me karne ka
ek bar set ho jane ke bad aapko bar bar us deal ko dekhne ki zarutrat nahi jab tak market ke naye support ya resistance nahi ban jate..isliye traders ko kaha jata hai ki inka use karna bahut zaruri hai

from your rule number one and two is really good. But put your stop loss of 5 is too tight and it will lose most of the time your trade. We pay about 3 pip spread every order so that the when you enter the trade, it shows the diminishing three pip you already. Iff you want to follow 2:01 reward ratio risk, stop loss and benefit of 10 20. This will benefit you.

[wisam]

rules bohot achay hein aap k bes isi rule ko aap ney focus kerna hey, chahey jo merzi ho jaye or her trader ko specially beginners ko yehi follow kerna chahiye ta k woh is trading mein survive ker sekien aur acha profit bena sekein

I think the best thing to do when we loose money is to wait abit. Because the first reaction to loosing money is always to trade more to get it back, so you take too much risk and just loose more. Therefore you need to take a break to clear your head and come back concentrated and relax. That's why I have a rule of not trading at least 3 bars (45 mins) after I make more than 1 loosing trade.

[aptx4869]

Emotions is great factor which will influance our decision to make an order. Many trader even already have good system and strategies but they cannot control their emotions will get loss their money. Because of that, trading is emotions war inside us. The trader who can control his emotions will decide he can become a trader or not. But i believe if we are tried hard. Nothing is impossible in this world. Emotions is hard to control, but we must try it because it was worthed.

[Md. Mosharaf hossain]

I always try to make myself understand that forex is nothing but a business. I always try to keep myself out of greedyness. I don't use high leverage while trading. I don't target for a lot of pips.

[abbey ak]

yes you are very correct the best way to control your emotion in the forex trading is when you learn to trade with stop lose and never trade with fear and greed that i ti k you can always be a better forex trader and a discipline forex trader. i know your rules will surely go a very long way in the forum for the newbies

[m.awais]

For me confident and right money management can control our emotion. If we confident with our strategy and with the right management just relax when the market go wrongly. It's will follow with your plan either............

[antosco]

3. I will alway put a top loss 5 pips under my entry point.

Unless you are a scalper, then that is when you should bother to use just 5 pips stop loss. As for me, it depends on the highs and lows of the market that is what i depend on when I am placing my trades. Forex trading is a business that requires skill and management so when setting take profit level and stop loss level, you must endeavour to be skillful.

[pickmurari]

I would say not control emotions but the urge to earn more when ur in profit and trading at that instant with emotion expecting the same kind of profit could be avoided. Always take a minute or two to decide upon any decision while trading before making a hasty one and repenting later

[nitshar]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Why don't you trade without a stoploss in the direction of H4 MACD and leave it for the day. if the trades goes against you, you'll not loose more than 100 pips and profit percentage is equal as the day movement of price is around 100 pips . Use small lots, which your account can hold for this 100 pips, for ex. if you have 50$ use 0.01 lot, the loss or profit must be equal to $10 after 12 hrs. I set my time at 9 am and 9 pm.

Check your trades regularly at a distance of 12 hrs. Close old trades at each 12 hrs and open new trades according the market condition.

The point in my talk is that, the more you keep watching the price the more you get tensed and the more you close your orders in loss. Setting a small stop loss do not help your trade to grow young. Think it like a plant, if you cut its leaves shortly as its growing, it will never becomes a tree. But if you leave it to grow, one day it will grow up to give you fruits.

So, let your trades grow up.

Reply me how much you agree.

Moreover, if you start with $50 and go by this strategy, you'll find it works well, though losses occurs, but soon your balance will reach $100. Then double up your lot size= 0.02. See the table below=

0.01 at 50
0.02 at 100
0.03 at 150
0.04 at 200
0.05 at 250
0.1 at 500

means a $50 margin for each increased lot.

[mazzr]

I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.

[yola]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:




hello friends,

in my point of view, I don't have any special stipulated rule for controlling emotions. Just that, when i know the amount to loss if my analysis goes wrong, i feel better, so i apply stop loss to control my emotions.
good luck :)

[retnotriwulandari]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help
It is difficult to do, because most of us as a rookie, when we've got the advantage, we want to continue to increase profits is to be as much we can get. I always wanted to quit when I was old enough to benefit, but so far I am still very difficult to control it, and sometimes it makes me lose a lot.

[lamington]

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

---------- Post added at 12:32 PM ---------- Previous post was at 12:26 PM ----------

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[laptopw]

emotions ko control karna bahut zaruri bhi hai aur bahut mushkil bhi hai
har trader aisan ahi akr pata lekin jo bhi kar leta hai uske liye forex me bahut fadya hota hai.emtoions ka game bahut bura hai mujeh isse bahut baar bahut bada bada loss hua hai

[kash]

yes asa hi hota hy kio k asy main market boht jald is point per ajati hy or ap apna target hit nahi kr paty 5pips ka sl ap ki trade k lea kisi bhi lehaz sy faida mand nahi

[roopesh11]

Trading me emotions ko control karna bohot hi important hai. Agar koi trader ko trading ke waqt jyada emotions aate hai to beheta yehi rahega ki vo us waqt market se dur rahe. Nahi to usko mentally problems bhi ho sakta hai. Is se uske health kharab ho sakta hai.

[ishvara]

One way that we can trade forex market and then control our emotions is through taking trading once at a time. I always like to reduce stress in my trades by taking one pair at a time any time that i open forex exchange trades.

[forexmaster]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

We've all been in one of 'those' situations before. You know... when your favorite project is cancelled after weeks of hard work; when a customer snaps at you unfairly; when your best friend (and co-worker) is laid off suddenly; or your boss assigns you more work when you're already overloaded.
In your personal life, your reaction to stressful situations like these might be to start shouting, or to go hide in a corner and feel sorry for yourself for a while. But at work, these types of behavior could seriously harm your professional reputation, as well as your productivit

[forex blaster]

Controlling emotions in forex is most important to gain .Sometimes its difficult to me control emotions when i loss money but after reading your rules for controlling emotions then i'm so much inspires to control it.All of those rules are very good and creative .Scalping always good for every traders.

[mcceducation]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

i am strongly support you my dear friend, your all point is very for control emotion, if we are select stop loss and take profit then its control our emotion, greed, fair every things, so we need to select stop loss and take profit.

[digital]

I have no excuse on your thread. Thanks for your sharing. From now I'll apply your tricks to control my emotion and I wish your tips will help me to trade without emotion, greed and fear.

[esif]

My rules for controlling emotions
For this problem i will give you only one solution but its powerful enough, and it is..
don't be confident in trading.
By applying this technique you will not make much mistakes...

[shahinfx01]

It is my plan to control emotion that strong confident with my strategy and with the right management just relax when the market go wrongly.

[lamington]

I always try to make myself understand that forex is nothing but a business. I always try to keep myself out of greedyness. I don't use high leverage while trading. I don't target for a lot of pips.

[chandmoon]

it is very difficult to earn money from this forex business .and it so emotional work.one can be addicted by this forex business.it is very profitable for every one and i want to do it

[laptopw]

If we trade with our emotions, we would't have good trades. Emotional tradings are not always good trades. We must try to control our emotions be developing positive thinking always.

[lamington]

The fact that we are human beings, our emotions must always be active. The best way that we can actually control our emotions, is for us to be able to discipline ourselves so that we won't be greed when we trad and we would develop the habit of patience.

[keya19]

I can only say that a trader must be fit to restrain his emotions while trading. but in my view, set a profit butt before trading can also be a mental weight if the butt is rarely met or had not straight achieved at all. as substantially as the commencement of kibosh losses that are too walking to the message would be real promiscuous to experience loss..

[Hansip]

The fact that we are human beings, our emotions must always be active. The best way that we can actually control our emotions, is for us to be able to discipline ourselves so that we won't be greed when we trad and we would develop the habit of patience.

I think that markets do test your emotions, but it is all in your head. The market is testing the amount of people going long or short and will wait until there is a discrepency in trades before moving. This is the actual test of emotions.

[alamFX]

I put together a system, a plan , and a pretty solid set of rules. I then followed those rules. I am getting a little better a controlling my emotions.

[sweetrevenge88]

I set my own trading rules to follow and I disciplined myself well so that I only follow my rules and nothing else. It is hard to do at first because I got an illness of doing repetitive mistakes but thanks God I was able to make things easier for my trading account nowadays.

[dech2003]

this is very good tradiing rules, i will work on it .thanks and God bless you

[ishvara]

Why are we focusing only on negative emotions? Well, most people don't need strategies for managing their positive emotions. After all, feelings of joy, excitement, compassion, or optimism usually don't affect others in a negative way. As long as you share positive emotions constructively and professionally, they're great to have in the workplace!

Well there are good forex emotions and there are bad emotions as well, but we closely watch the bad emotions that can ruin our trades in forex. Fear, greed and anxiety must be closely watched at all times in forex exchange trading.

[hichemdz]

Hello ... thank you very much for your advices it is very helpful for me . yes we need to controling our emotions in trading and we must be patients .
i like to move Stop loss to the entry point.

[Hansip]

Hello ... thank you very much for your advices it is very helpful for me . yes we need to controling our emotions in trading and we must be patients .
i like to move Stop loss to the entry point.
tho do every job need to be patience and stay for focus. A hastily decision to be make result nothing, some are stuck most are worst.
People's emotion effect from surround enviroment, even for closed door traders. Their still have related. So don't do trade when the emotion is unstabilized

[abbey ak]

yes i think you are very correct in other for us to always trade without emotion we just have to trade with stop lose because with stop lose we can always trade and have our mind being at rest because the more you remember that your account is being trade with stop lose then you always have a rest of mind in trading

[fxmentorbd]

Control emotions is very necessary in Forex. the emotion is part of successful trading system. I think it is very importan to manage our emotion when entering the market, set SL, TP when closing the position, and even emotion is the mother of trading system.

[Hansip]

yes i think you are very correct in other for us to always trade without emotion we just have to trade with stop lose because with stop lose we can always trade and have our mind being at rest because the more you remember that your account is being trade with stop lose then you always have a rest of mind in trading

Emotions and bad qualities is the main reason that makes us lose at Forex such as greed, fear and tension and therefore we should avoid all these bad things in order to make good use of this work

[ashvi]

Nice steps to avoid emotions but placing the stop loss at 5 pips is not that advisable because its very easy to hit that 5 pips stop loss, thus better have a mental stop. So that you can manually close the trade when you feel that the trade is exceeding your risk limit. Withdraw the profits regularly because its a scalping trade.

[sohel rana]

without point no 3 i am agree with you all the points. point no 3 you said ( I will alway put a stop loss 5 pips under my entry point), i think 5 pips stop loss is too much short because forex market is volatile if market trend is up, it may be happen any time 5 -7 pips decrease and after that market again up trend. if you place a stop loss 5 pips under your entry point, that time your trade is close.as a result you will be loser. i think 10-15 pips stop loss is better.

[mike87]

I don't have any special stipulated rule for controlling emotions. Just that, when i know the amount to loss if my analysis goes wrong, i feel better, so i apply stop loss to control my emotions

[abbey ak]

alright thanks very much for your analysis i know this will surely go a very long way in making the numbers of pips i really wanted, and i just have to try this and see how far i can go in making use of this strategy to see the very best way this can always go in my direction and i shall get back to you with the feedback

[rmizanur]

Forex traders who are fearful are generally afraid to lose. They do not follow their trading strategy and close out trades too soon afraid that the market will reverse and they lose all their profit. It affect their emotions, you can eliminate those nasty emotions with stay disciplined and honour your trading plan as well as.

[Hansip]

Forex traders who are fearful are generally afraid to lose. They do not follow their trading strategy and close out trades too soon afraid that the market will reverse and they lose all their profit. It affect their emotions, you can eliminate those nasty emotions with stay disciplined and honour your trading plan as well as.

well emotions are in human nature , and are very harmful for trading, emotions cause a mind absence and frustration resulting in loss, for effective trader controlling emotions is necessary, I think it is not that hard if controlling emotions in trading. has become a necessity and had set ingrained in us, so that every time transaction we will always include this emotional control

[earn4learn]

Forex traders who are fearful are generally afraid to lose. They do not follow their trading strategy and close out trades too soon afraid that the market will reverse and they lose all their profit. It affect their emotions, you can eliminate those nasty emotions with stay disciplined and honour your trading plan as well as.

yes if someone can control risk management during trade then he can hold a position for maximize profit or minimize loss.. when lot size is high then it effect the trade psychology to close trade early in loss or minimum profit..trade plan is important element in forex trade .

[Ramnit]

yes if someone can control risk management during trade then he can hold a position for maximize profit or minimize loss.. when lot size is high then it effect the trade psychology to close trade early in loss or minimum profit..trade plan is important element in forex trade .

emotion can became a positive and negative impact to trade . positive is when i'm gotten lose, still haves a spirit emotion so i'm still analyze and entry position, negative is when i'm haves too high spirit that can mades me lose of control in entry position can finally can mades me lose .

[kharisma]

i always trading base on my good money management.. it will control my trading ans it will control my emotion
so i always relax in my trading..and i can make good decision when trading with my account...

[Ramnit]

i always trading base on my good money management.. it will control my trading ans it will control my emotion
so i always relax in my trading..and i can make good decision when trading with my account...

Emotion is a certainty as human being, Emotion is truly the real reason why many traders failed, it is not because of the short-come of their strategies but the feelings therein,Where there is emotion, fear sets in,Where fear is doom is not far also. The only solution to this is just discipline.

[jiching]

to control our emotion is using max 3-5% our equity..
don't trade over, because it will make our emotion bad and then we will open position again and the result is we will get loss again..
loss our equity again..
i think we must use money management.

[kaji]

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.
This is one part of a trading plan and we have to make it before we trade. then we have the discipline to follow our trading plan it so that we avoid greed and over trading.

[BaHaaFxTr]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:
yes brother i know that feeling. there are a days be off for traders as the player football the goal is easy but he lost the ball but the important thing that not disappointment from that , that happened before and it will keep happening that's the Forex world .

[FREEDOM]

yes brother i know that feeling. there are a days be off for traders as the player football the goal is easy but he lost the ball but the important thing that not disappointment from that , that happened before and it will keep happening that's the Forex world .
When we lose the first attempt then we must try hard or try the best for the second attempt and so on.... Try again and again untill we found a suitable and profitable strategy. Immediately take refresh when we feel under deppresion and our emotions is unstable.

[BaHaaFxTr]

AM with you with all u said specially number one rule that we must put an target of pips daily to not fall at the trap of greed BUT, the rule number 3 that's 5 pips stop loss it cant be work with all traders may it work for u cause the way u trade accept it but it will hit stop loss too many times at some other ways of trading:( any way good information thank you.

[Ramnit]

This is one part of a trading plan and we have to make it before we trade. then we have the discipline to follow our trading plan it so that we avoid greed and over trading.

Emotion is very harmful for the traders because if you use your emotion in the trade then you will loose money for sure. So to earn money you need to control your emotion in the trade.

[shahtijani]

Nice rules and i am adding it to mine, thanks for sharing this beautiful post and it is really helpful for all. One should be very dedicated if you want to become good trader otherwise it is just waste of time. So keeping these rules in mind will help in trading nicely.

[pkdoo7]

forex main agar aapne apne losses ko kam karne ka intejam kar liya to samjho ki aap apne emotions ko control karne main success pa gaye kyonki hamare emotions tab hamain bahut pare shan karte hain jab trade main hum losses ko control nahin kar pate .

[annura]

First question is what reasonably feeling will we actually need to management? i feel we do not got to control feeling. What we want is to satisfy that feeling.
For example worry. why ar you afraid to trade? Theirs only 1 reason that I will think about which is lack of understanding on the way to build profit in forex. If we will build profit in forex then that is the time you'll say you do not or not afraid to trade any longer if that happens that means you'll afford to require risk and assured enough to earn.

[timkola]

I like your rules. I will also follow it because when I loss many times I will not want to agree with the market, and the result is that i lost all my acct. But your s/l is too close. I you get good entry then you can make your s/l to between 10 and 15

[ajih]

it is supposed that every trader has to apply the rules so that emotions can be controlled ... until now I am still not able to control my emotions, causing bankruptcies my account ... thank you for all your writings.

[monsterzz]

very fortunate if you can control your emotions when trading, I'm still very difficult to control your emotions when trading because I often use lots that are too big and risk management are still bad.

[Ramnit]

very fortunate if you can control your emotions when trading, I'm still very difficult to control your emotions when trading because I often use lots that are too big and risk management are still bad.

sometimes the emotion is very influential in this trade. if we are not smart set our emotions surely the result will be disappointing but otherwise if we can control our emotions the results will be satisfactory guys

[hossamrashad]

i like this roll
6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

[elykan]

First question is what kind of emotion do we really need to control? I think we don't need to control emotion. What we need is to satisfy that emotion.
For example fear. why are you afraid to trade? Theirs only one reason that I can think of and that is lack of understanding on how to make profit in forex. If we can make profit in forex then that's the time you can say you don't or not afraid to trade anymore if that happens meaning you can afford to take risk and confident enough to earn.

[mmja2003]

Emotion is the main thing which destroy us in forex business in my point of view. Your described factors will be really useful to control my emotion. I was looking for such suggestion about controlling the emotion. From your thread I have learned and will be apply while I am in anger. Because anger is the main cause, for which effect I lost my most of the money.

[jiching]

Emotion is the main thing which destroy us in forex business in my point of view. Your described factors will be really useful to control my emotion. I was looking for such suggestion about controlling the emotion. From your thread I have learned and will be apply while I am in anger. Because anger is the main cause, for which effect I lost my most of the money.

you're right, emotion can make us loss and make us profit
if we are in good emotion when we trade, we can make profit, but if we are in bad emotion and want to revenge, it will give us loss
trade only we are ready to loss.

[silentman400]

Thanks for your advice.emotions is the only one thing that must be controlled.otherwise you can not succeed when you loose or win.
I have had trouble controling my emotions while trading toooooo.

[tariktanjaoui]

yeah i am 100% agree with you your rules is good i think this tips can help all the traders to control their emotion and to avoid the loss that's why i think the good controling of our emotion is the key to success trader.

[takahara]

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.
I think we have to be consistent if you want to play scalping, if we initially had to determine how many pips for profits and already achieve it we have to shut it down before it reverses direction, although it will be more of a profit but it would be nice if we close the first and open a new one.

[babulal]

emotions ko control karna bahut zaruri hota hai forex me..emotions ko contrl kiye bina trading karne se loss ke chancesb haut bad jate hai
emotions ka sbase bada role hota hai amrgin call ke peeche aur mujhe lagta hai ki trader jitni jaldi apne emotions ko kabu me rakhega usse utna hi zada forex me fayda hoga

[babulal]

5 pips ka stop loss bilkul bhi advisable nahi hota..yaha tak ke scalping akrne wale traders bhi 5 pips ka stop loss nahi rakhte
waise to stop loss rakhen ke liye trader ko market ke support aur resistence ki jaan kari honi chahaiye lekin fir bhi 5 pips ka stop loss rakhna kisi bhi case me advisable nahi hota

[forexdon]

your stratagy is quit complicated and a over written i think i am unable to understand your stratagy now it is a big request to you try to defined your stratagies in a simple words so that many people easily understand your stratagy thats a humble request to u

[abbey ak]

alright thanks very much for your time taken to analysis the best way to control our emotion well i think all newbies can learn one or two things from this information and in case i need more explanation of this rules then i shall always get back to you but for now i think am very much okay learning this rules

[Morshedul]

Thanks for sharing your rules for controlling emotions. Because it is my main problem. While i am trading, i cannot do it properly because of my emotions and greed. I think your tips will help me to get rid from these problems. Thanks again for sharing.

[contil]

it is true we should be able to regulate emotions that exist in ourselves an example that makes peraruran-regulation that can control the state of emotion on trading saatkita ..
if kitatidak can manage our emotions when trading is very dangerous to our trading account with uncontrolled emotions can already be sure our trading quality is bad and will certainly defeat that will make our own upset against
thank you master the articles that you say it .. by reading your article I became more mengatahui some way to be able to master the emotion in me

[Atin]

Thanks for sharing your rules for controlling emotions. Because it is my main problem. While i am trading, i cannot do it properly because of my emotions and greed. I think your tips will help me to get rid from these problems. Thanks again for sharing.
Controlling emotions will take a lots of practice, emotion is a part and parcel of every human being and having a control over it will take lots of your time and energy, i think with experience you can have a control over your emotions.

[aisfx]

Thanks for sharing your rules for controlling emotions. Because it is my main problem. While i am trading, i cannot do it properly because of my emotions and greed. I think your tips will help me to get rid from these problems. Thanks again for sharing.
the discipline of self-control is one way to always be able to do forex of trading with discipline, fear and greed can be overcome by learning forex trading so they can safely and comfortably, so it could be sharper in forex technical analysis trading

[gandhi]

yes i know agree ,I completely agree in the forex market should be able to control your emotions so you can be trading very well and has good market psychology and may profit consistently ..

yeah have a nice day . @>-

[aptx4869]

That was really important. management in forex is mean on many factor. Not only to money management, but also to strategy and system management. And the other important maanagement is about the emotions and mental management. We are know many new trader think forex was easy, It was the wrong mindset. To gain success in forex was really hard. Many of us is being the victim of the market. So, before we are be able to beat the market, we must be able to beat our mental and emotions first. and the best way to beat it is by use good management on it.

[goldenmember]

I find that I have a similar problem and the emotions control my trade. I had a good trade that filled my entry criteria. I was suppoesed to hold for 50 pips but instead I took 15 because I was worried that I would lose them. Of course that might sound good, but the next time I lose 20 pips then I will be down 5 instead of up 30!

[bdconnect]

Controlling emotion is very important for forex trade.if you not control your emotion you just think that you can not gain in forex trade.so please control your emotion when you trade.

[aisfx]

Controlling emotion is very important for forex trade.if you not control your emotion you just think that you can not gain in forex trade.so please control your emotion when you trade.

Controlling emotion is the most important part of self-control when trading forex because discipline is the core of financial management in forex trading, margin settings, and lots and equity need patience in order not to get caught up in fear and greed

[bunty]

Yes, are right that patience does have an important role to achieve a person's success, patiently waiting does not mean resignation, but work hard and focus on work can achieve your goal. do not loos heart when you get loss.

[Ramnit]

Truly say that emotion not possible to control finally. But need limitation for success. Well education and experience can control this enemy. Maximum time Emotion make success. But some of time it make me loser. So need set our position in a comfortable position.

Trading without emotion is like food less likely to get a flavor. indeed less savory taste, but that's what we have to do, so we can trade well, and the results that we will get any better. Iti's what we want

[abihofx]

I find that I have a similar problem and the emotions control my trade. I had a good trade that filled my entry criteria. I was suppoesed to hold for 50 pips but instead I took 15 because I was worried that I would lose them. Of course that might sound good, but the next time I lose 20 pips then I will be down 5 instead of up 30!

fear and greed and the rush is one of the disadvantages of a forex trader, because forex is not a mathematical calculation but also take into account other factors such as emotions and money management settings, without a good three factors will only become harder and always loss

[mikha]

to eliminate the greedy, traders must have financial targets, and trade protection. This should be done consistently, because financial targets set daily benefit, eg daily profit target of 3%, if the trader has reached the target, immediately stop the trade, do it consistently for 1 month, if successful, increase the target for the next month. protection your trade, with the rule of money management

[jo9y]

Forex is the best popular trade in the world. but most of the traders feel to emotion here and they going to fail here. so i suggest to you to control your emotion when you trade is given below..............
1:confidence yourself when you trade.
2:follow your own strategy to trade
3: do not over trading
4:avoid greed
do not give up this rule if you control your emotion in trading .

[junaid.1]

Main is kam main is bat ko hamesha sy zehn main rakhta hu k agar main thora sa emotional hai k to mera loss ho ga so main is ko control kar sakta hu

[winwinwindu]

3. I will alway put a top loss 5 pips under my entry point. < < <--- 5 pip include spread? its too tight
in my case i'll use R/R 2:1, example my target TP is 40 pip then my SL is 20 pip

[nurilhaq]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

you have a good rules guys,. are you descipline with your rules? can I question, how about your result with your rules?
but,. I still confuses with the rules number 3,. are you use stop loss just 5 pips from your open position?

[ghoussse]

look buddies as for my experience there is no solutions to control your emotions while trading except one , that is your experience , i have learned to overcome my stupid emotions with my experience,
just look at your past deals of loos you will have a glimp of that in your mind. hope you got it,

[singh adnan]

I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.
I can not do this point. If I see a very good entry signal, I usually double my lot size. In this case, I will use tight stop loss, what I mean is in other trade sometimes I move my stop loss, but when I double my lot size, I dont do that. If my stop loss is 5 pips, in 5 pips loss I will really cut it.

[traderking84]

i think it is very important to set rules for controlling emotions butthey are bound to come to you. i think distraction is best way to avoid emotions like taking time off forex,watching a movie after a loss spending time with family etc

[pakhi_pk]

Strong emotions leads to high losses and weak emotions leads to losses. To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade.

[saim]

yes bro i agreed with you and if we want to got success in this business then we should must be tried our best to control our emotions and do a good job here and then we can got success definitely and this is very hard to control our emotions during the trade and i will do my trade with the take profit and stop loss and then seen it when the points will be reach at a point

[lovingfxmanager]

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.
it can , but here is a another matter,So if you would love to learn to do investing and not have near the risk you really need to take a closer look at Forex trading.

[Adaja92]

I just want to say about my rules for controlling emotions that this is the to educe your greediness. Patience have an important role to achieve a person's success, work hard and strive to enhance our ability to both improve the technical capabilities and the ability to control our emotions.

[ingsun]

hai friend .. thank you for sharing your experience .. control your emotions is difficult to do in forex trading. I hope you can share the experience beneficial for me and for others .. thank you ...

[mizishab]

i think will exercise this concept to see how far i can really go with this but i think 5 pips under my access way is very brief for a quit reduce because of a revers so 10 pips can really help secure the revers that i think is the best but when am through in the trial i shall get returning to you with the feedback.

[bunty]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back

[farooq]

i think that the emotions controlling are working properly during trading due to emotions i have too faced many time big loss to control the emotion a trader do patience during their trades

[casiotab]

I anticipate it is really hempen stress to requirements the feelings during the dealing because when bargainer is generating he actual taunted but when he is dropping then so unknown thoughts. Both scenario is enemy to control. But who average on this place is a winner.

[monir01]

I will alway put a top loss 5 pips
under my entry point. <--- you have to
think also that in the fx market, we are
not alone, we fight another trader in
opposition to us, we are also against
the dealer who reads the position where we are in place the stop loss. Its
too tight, susti

[azez]

yes bro got is very necessary for us to control our emotions because if we will not do this then we can be very hard find this and he will be good for us and i am trying my best to control it butt it is very hard fo9r every one because it is a natural thing and we should be need to keep our mind cool

[Bocah]

for me to control emotions in our trading just set use stop loss and take profit, with we set TP and SL our emotions will be reedem, when we make open posisitions can close our monitor and leave doing anothers job.

[Ramnit]

for me to control emotions in our trading just set use stop loss and take profit, with we set TP and SL our emotions will be reedem, when we make open posisitions can close our monitor and leave doing anothers job.

is very important to control our emotions, such as greed, fear, eufhory, joy and success in these transactions affecting capital.
I believe that we must adopt a logical and not emotional thinking in terms of forex trading, these feelings may affect the efficacy of mental and physical

[AMJAD]

Every trader should be sure profit comes only with patience and commitment to the direction of trade in Forex, but will be controlled by feelings and lose everything from his capital

[lulu50]

always trade with managed accounts, avoid over trading when you over trade losses come running and at these time you can lose very fast and to know these you have to make sure that first you understand everything.

[marsya]

always trade with managed accounts, avoid over trading when you over trade losses come running and at these time you can lose very fast and to know these you have to make sure that first you understand everything.
We earn in Forex when we have learnt and developed a good plan that stands the test of time . And we loss when we trade careless that is gambling in the market , trading every tick of the candle. Forex is a good business where we learn first in other to earn in the better trade.

[aisfx]

always trade with managed accounts, avoid over trading when you over trade losses come running and at these time you can lose very fast and to know these you have to make sure that first you understand everything.

For trading succes and get consistent profit and to avoid a margin call is put on technical analysis and trading system, emotional control is also part of the money capital management is crucial for forex trading, trade with H4 and see the movement of the daily chart

[abayomi kolade]

yes that is very correct i think 5 pips ever our entry point is the very best way to control our emotion so i think this is the very best way to control our emotion and once your stop lose have been hit then we just have to fore get that trade and long for another opportunity to place another trade that i think

[efty466]

Thank you for the post it will help us to control our emotion and for the new trader it is a best post coz new trader don't know how to control his emotion so if you have more rules or information about forex then please share.

[edomz]

indeed the toughest opponent in forex trading is ourselves. that is how we keep our emotions to keep thinking clearly. Here patience and discipline plays an important role. because sometimes we have rules but often violated.

[cempetrader]

I've got a little trick you can do to tell who will succeed in trading the forex market and who will fail. The easy way is to just look at the trader who is always making winning trades. But that's not being honest about it, because everybody has losing trades. Look at the traders when that happens.
How do they react? If a trader is completely flustered and fuming over his loss, or if the trader is yelling angrily at the screen as if it was the fault of their charts, then chances are they won't see much long term success in the forex market. If they are even keeled after their loss, then I like their chances of success.
People never take the time to work on their emotions as forex traders. I don't care if they spend all their time learning every intricacy of the forex market, so they are the greatest technical analyst in the world, it means nothing if they can't control their emotions, both when they are winning or losing. Nobody likes a sore winner or sore loser.

[Dages0308]

For trading succes and get consistent profit and to avoid a margin call is put on technical analysis and trading system, emotional control is also part of the money capital management is crucial for forex trading, trade with H4 and see the movement of the daily chart
ya this posting i'm very agree..beacause for trading succes need proggress to consistent profit...for metode low risk and high reward very nice in tf h4 and h1 for validation look market. or may people said that this long term or swing trade.

[migntv]

A lot of analysis of the economic and political playing
I agree with your points and that I have the same problem, but I have a lot to win them
Monitoring of economic releases and national and passion and love for the world economy and trade can not stop my love to make an impression
Lessons to human development, and measures to track the details of what motivates

[somupriti]

You did mention some good points to control the emotion while trading. But in reality it is quite difficult to do so. Because when every thing is not in the control of your hand and you feel little undone about the situation the emotional factor grows to bent upon you. Especially while trading where the market is highly volatile.

[himelbf]

I know it is not simple to management feelings they are organic so what i would do is try to adhere to my strategy and have a concept that i shall not modify it, thus hardly ever my feelings impact my business.

[fiztrd]

how i control my emotions is ... i have a goal to reach ... that is each day i make a perticular amount o f $ ... after i reach ..that point .. i stop trading ...
what ever happen .... or if ther is ny sure shot .. i would never go for thta ... .. this gives me time for analysis ... and helps me reach ..goal ...
i jsut want to be professional .. also ..for opening trade i have a strategy ... i always follow that ... stategy ... works fine ... wish you al lthe best ...
and one thing that keeps me sticking to my gols is that .. if i go beyond tht ... i will lsoe what i have ... i dont want to lose what i have ...

[skyonline7866]

you have to increase the value of stop loss 40 points. But you will left the important thing that is News which is published by the Govt.i think scalping is risky. If you have good strategy then you can win too. I like you rules and i use some of you rules. Thanks for your good share. Thanks for your good share.

[AMJAD]

Control emotion possible that comes from the accumulated experience of the forex trader with the passage of time and the boredom of the large loss here find himself alone may control emotions

[netros]

a trader must have a trading plan before you start trading you can do that will help you to control your emotions. discipline is always another way to control your emotions and try to make a profit from every opportunity you get.

[aisfx]

a trader must have a trading plan before you start trading you can do that will help you to control your emotions. discipline is always another way to control your emotions and try to make a profit from every opportunity you get.
in trading forex trading plan is a force to be trading in accordance with the conditions of the capital, for it will take discipline and control of emotions, trading plan forex trading profit target will determine the position and condition of capital and risk trading plan in accordance calculations are very important in forex trading

[shepon93]

To control our emotions in forex exchange trading is very important and we must keep it at extreme importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.to this subjectmatter is Eligable.

[marymirella]

The market doesn't depend only on the news. There are many other reasons which can move the market. For example: carry trade positions opening and closing...... huge amount, which can move the price..... other example: banks interventions - they don't announce it forward because of the speculators, and there are many other reason

[abayomi kolade]

well i think i like the fact that after 3 of trades in a row result in losses the best option is to stop the trade and make a very clear analysis on the next trade in other for us not to blow our account anymore and as for me i think 30 pip is very much okay to set as a stop lose in the market based on my understanding

[Zomlaexpert]

i think every investor need control their emotion for generate income from currency trading company, now currency trading company is globally company and investor can generate income from foreign exchange market with their experience and knowledge.

[Riyan]

I think many trader have plan or rules of trading. But the hard part is will we be able to follow the plan or rules or not. Sometimes greed and unpatience can make us break the rules (self experience)

[CreolaPitaj]

Today more than ever, many Christians are depressed, hurt, angry, and generally frustrated. They're having a hard time believing the Word, and an even harder time figuring out why they struggle with so many negative emotions. Many think how they feel is a result of childhood pain or family history. While that may be a small part of the issue, I'd venture to say that almost 95 percent of the negative emotions people face daily, are the result of negative words that oppose the Word of God.

Every day you have to make a decision as to whose words you will give attention to-God's Word or the enemy's word. When you give attention to the enemy's word, you become susceptible to negative thinking which leads to negative emotions that oppose the Word of God. But notice it all starts with words!

Emotions are "feelings on the inside caused by pain or pleasure that are trying to move you in a certain direction." Think of emotions as the steering wheel of your life; they determine the direction you go in. When you have negative emotions, they will lead you in a negative direction; when you have positive emotions that are in line with the Word of God, those emotions will lead you in the direction God desires.

[zahidrock]

I think controlling emotion is not too easy but you can easily control it if you want to do this. Because in this world nothing is impossible. And if you follow every rules in this market then i hope you can easily control your emotion on trading.

[kisor]

OK, I think I've showed plenty of how these kind of patterns lead to strong support and resistance lines. Now go check it out for yourself. Go look at your charts and spot the 1-2-3 patterns and see what happened when the prices hit those areas of support and resistance.

[aun]

It is good to make a plan about entry and exit from market. It involves less emotions in trading. When you are near to get your goal not be greedy . Close the trade. I also get as possible profit is in trades and close positions.

[ashwini]

my rules of controling of emotion.
1. i use 3-4 indicators , so all the indicators given signal i will trade.
2. i use the index.. and wait for certain point , if its break this point then i will entr the market.
3. always use the stop loss 30pips and 10pips as takeprofit.
4. always do one trade per day.

[vc2204]

I think controlling emotion is not too easy but you can easily control it if you want to do this. Because in this world nothing is impossible. And if you follow every rules in this market then i hope you can easily control your emotion on trading.

It's true .. I think the hardest thing in the forex trading is how our emotions and self-control when trading .. most traders experience when trading loss, not because of the system or indicator, but because they do not have self-control and emotional control .. ..

[yudijoni]

All my friends, the sense of self-control when trading is not only limited to adopt a wise and ambitious when trading, but rather on controlling our finances as:
1. Open positions in the forex market
2. Set the lot at the opening position
3. Understanding the full carefully when closing a position
4. Not too much to take advantage.

[chupke]

It sounds like he's got some SERIOUS issues and isn't open to doing anything about it. It's high time to lay things on the line. Either he gets help or you're gone WITH your daughter.

He's got some seriously messed up perceptions. 1. You'd get your daughter and 2. (if your state is anything like mine) You'd get SERIOUS cash in child support because it's a calculation based on both incomes, with yours being ZERO, he'd be paying some REAL money (I made about the same money he does and my ex was a SAHM and my payment is $228 per week and this is many years ago).

You have real options and frankly it's wrong for him to treat you like this and it's EVEN WORSE to treat your daughter directly and also indirectly like this.

[pisses[69]]

It is good to make a plan about entry and exit from market. It involves less emotions in trading. When you are near to get your goal not be greedy . Close the trade. I also get as possible profit is in trades and close positions.
F9or me best management is for controlling good emotions, risk ratio or we can say money management, is very important part of every business,specially forex.if we dont follow proper money management we will lose our money by trading.

[waqar arif]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

yea your technique to control your emotions are very well planned and i think that every person has got his own style and technique which suits him best same is the case with you . you have develop your own style which i think every trader should do ..one should develop his own style of the trading and it is the best strategy for oneself

[Ramnit]

It's true .. I think the hardest thing in the forex trading is how our emotions and self-control when trading .. most traders experience when trading loss, not because of the system or indicator, but because they do not have self-control and emotional control ..
Forex trading has already tested the emotions and also straightened success needs to control passion for better circulation and leave greed and fear is one way of avoiding failure of restraint necessary during trading Forex helps a lot I see that like me to control negative emotions

[AMJAD]

Feelings with the rush, the biggest enemies of rolling because you can lose the entire capital so you should think 100 times before getting into a real account in forex

[SeoHyun]

Feelings with the rush, the biggest enemies of rolling because you can lose the entire capital so you should think 100 times before getting into a real account in forex

Yes its true when we talked about the biggest enemy is our self, its hard to control our self, and when we got so much profits sometimes we feel over confident and then we think we have mastered forex trading, then start to use big lots size without think our mm.

[alvabra2010]

I have tried this strategy but still then i fall for my weakness. Its been 3 years since i am trading and even today i fight with my emotions. You can for sure control and the best way to do so is shut down your computer and take a walk, freshen up and not to trade for the rest of the day.

[sammy]

i guess the main enemy of our trade is ourselves. we forget that we are to make profits here.. instead, we take sides, become egoist and hope to be right. well, market is always going to be at your direction at some time, but the timing is most important.

[robiul alam]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my good like forex

[Gurufx]

I have tried this strategy but still then i fall for my weakness. Its been 3 years since i am trading and even today i fight with my emotions. You can for sure control and the best way to do so is shut down your computer and take a walk, freshen up and not to trade for the rest of the day.
Whaetever strategy implemented,money management is key to survive account more long time,good strategy if not using good money management will find bad circumstances that causes loss trade,some trader using percentage to limit their risk

[AMJAD]

We can say that emotions have benefits, especially for beginners, they achieved a great loss and quick for them and thus learn from their mistakes and thus start racing to turn a profit without emotion

[fibo]

Yes its true when we talked about the biggest enemy is our self, its hard to control our self, and when we got so much profits sometimes we feel over confident and then we think we have mastered forex trading, then start to use big lots size without think our mm.
Emotions rules for good earn, it's a very important to use the money management.If we don't use it we will become a childish trader who blow their account within a short time.

[abayomi kolade]

well i think making all my trade with the same lot is the very best we can always hope because the more you make use of a lower lot the more you can always be at the save side of the forex market so i think the more you practice the more you get to understand forex trading thats what i really think in the forex market

[ishvara]

The winning probability that a forex newbie should target is 50 ; 50 and they must use a compulsory risk reward ratio of 1 : 2 in all their trades so that they can always be in some positive pips in most times in their trading.

[aisfx]

well i think making all my trade with the same lot is the very best we can always hope because the more you make use of a lower lot the more you can always be at the save side of the forex market so i think the more you practice the more you get to understand forex trading thats what i really think in the forex market

forex trader has the biggest enemy in trading forex are errors in managing emotions, mistakes in setting margin and lot and the main one in the analysis, forex traders should have discipline and control of emotions and the ratio of money management right

[sweetrevenge88]

I only follow simple trading rules to control emotions in my trading and that is only enter one position in the market per day. One traded per day allows me to trade in relax and calm manner making me at peace with my emotion. Once you have everything planned well in your trading your concentration wont be destroyed by your emotion.

[muydense]

every person have shown many ways to control emotion. i think each of them shown his perception in his way of thinking so it is differ from each of them. in my way i always think economically.

[saqib160]

good ap ki post bohat achi ha ap na jo be bayte is ma bayti ha sub forex ma bohat aham ha.
emonation ko countrol karne ka laye ap na jitne be poit bayte ha subi he forex ma kamjab
hone ka laye bohat zarori ha. ma isye zaroor floww karo ga.

[sind]

3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti

I do agree with this 5 pips is too close and it gets triggered in no time and probably end up continuously in loss unless the entry is timed to coincide with a sharp us-surge or down-surge. This may not be always possible.

[mhwaheed]

First you chose low volume 2nd always give Stop Lose. and try to work on 15 minutes because if your trader going back so you have time to out from market.

---------- Post added at 12:59 PM ---------- Previous post was at 12:55 PM ----------

5 pips for 15 minutes chart Try to 10 to 50 pips.

[ranjan12]

i think we can not management our feelings by following or trying to remember many guidelines and control. feelings is genetically actions of man. all feelings are not same. we can management it when we can recognize the greatly the aspect behind it.

[asad002]

thanks bro this rules are good. i think emotion control is not too easy but when you easily control it then you can do a great part in forex because noting is impossible. and thanks again for you good advice.

[hakim333]

One of the first rules that you ought to keep in the back of your mind in Forex trading is to never add to a trade that is spiraling downwards to eventual complete and utter devastating annihilation of your Forex trading account.

[Bocah]

i think emotion control is not too easy but when you easily control it then you can do a great part in forex because noting is impossible.

for control our emotions in trading , we must have many experience to make trade , we must need to make practice till more years to control emotions and greedy in ourself, so for newbe must learn first in demo account before going to live market /deposit to make trade.

[nsr.sultana]

Its real when we mentioned the greatest attacker is our self, its difficult to management our self, and when we got so much earnings sometimes we presume over assured and then we think we have perfected currency dealing, then begin to use big plenty dimension without think our mm.

[rekoo]

Thank you my brother on this information and good points in how to control the emotions that dominate us during trading which is why always we are exposed to a lot of loss I am doing something simple to get rid of them is to open the transaction and identify the target and stop loss order and leave that up to one goals

[ishvara]

We traders in forex can always have our own personal rules that we apply to the forex trading business so that we would make our desired profits. For me i believe in practicing and learning till i develop myself to control these emotions.

[robiul alam]

I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to forex fast busniess go work to money good like good friends

[rebate lover]

emotions is the important thing in trading. if our emotions are good, we can make profit and put orders successful, but if we are at bad mood, we put wrong orders and then we loss our money. we should not trade if we have bad mood and cannot make a good decision. we must stop trading if we are at that situation.

[satriafx]

In Forex feeling attract terribly powerfully. High liquidity is one reason for it. however feeling could be a enemy. actually say that feeling unacceptable to manage finally. however want limitation for achievement. Well education and skill will management this enemy. most time feeling create success. however a number of time it create ME loser. therefore want set our position in a very snug position.
Discipline additionally another reason for dominant feeling.

[pavais]

Trading rules:
1. Trading appropriate trading system (op, closed, sl, tp, mm)
2. When you are done 2 times consecutive trading loss or 3 times a day. Stop trading for the day before.
3. Target point 50 pips a day
4. If 10 consecutive trading losses, pending before trading in the real return to the trading system demo for evaluation
5. Trading is not a top priority

[FREEDOM]

Trading rules:
1. Trading appropriate trading system (op, closed, sl, tp, mm)
2. When you are done 2 times consecutive trading loss or 3 times a day. Stop trading for the day before.
3. Target point 50 pips a day
4. If 10 consecutive trading losses, pending before trading in the real return to the trading system demo for evaluation
5. Trading is not a top priority
I like to read the point number 5 bro, trading is not a top priority and i am very agree with that because learning is the top one. We are going to market for trading after good enough learning and having full of confidence. Otherwise, stay away from the market for a while.

[kobhokhan]

each trader would have different emotions, depending on our own emotions in control, if we can control and use for something positive, then the result will be positive as well, in trading we are in demand to be able to control your emotions so that we do orders by appropriate analysis the trading rule that's been made.

[hemi]

this is not so easy to control the emotion so easily but if we follow some rules for the controlling the emotion then its reduced in their quantity first all we make our trade with honest way this the only thing to do

[Ramnit]

this is not so easy to control the emotion so easily but if we follow some rules for the controlling the emotion then its reduced in their quantity first all we make our trade with honest way this the only thing to do
We must be even harder against us to trained to not do something outside the rules we have set yourself.If we had handle it we could read the market and make us be Patient Trader cause we had known where the market will.I think to control our emotion in trading Forex we should learn Psychological market to manage our loss

[goldenmember]

These are all good rules - but I think a stop loss of 5 pips will really kill your trading. Instaforex has a 3 pip stop. That means that you will have market moving 2 pips against you to take you out. I think that you will need to be very accurate (too accurate) to be able to do that consistently and make money.

[pjpjpjjangid]

I this trend of course this is october end and the market is very volatile and to controll our emotions we need to watch carefully market trend and then invest money if you got a positive signal

[oreoluwa]

well as for me i think the best way to control emotional trading is when we can tell the numbers of pips we really want to earn and the best way to trade without emotion is when we learn to make proper use of our money management and risk just 3 percent of our account that i think is the best way to trade

[Dages0308]

i think for safe emotion this is mindset from MM or use small lot for to trade. this is very power full to safe emotion. why?? because for me trading forex its bussines. so dont be greed.

[lingkon]

your post is very nice.i am trying to control emotion but i can not it fully.when i see market,i am emotional and i think that i will do start trade and will make profit.i create a trade plan but sometimes i can not follow it for my emotion.

[arifhossain01]

Cases start when motions maintenance resolution screen
Hear from focus magazine and the thousands and the economy
I agree with what you say, what Principal, Alabama, and have the same problem, you can have the best hands in the
Information about education and the economy, and the economy in this country, because this is something I like and love, not
And listen to others, issues of human development antique.

[asm]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:
how to control my emotions when trading
# The first: We have to realize that the emotions that always leads to bad things always hurt us and others.
# The second thing: Trading is a professional activity that need peace and there kesabaran.Tidak forex history that reveals that people emosian be successful, the facts reveal quite the opposite trader emosian always berkhir with loss / MC.
# The third thing: Remember that we are educated in a religious place of worship to not finish everything with emotions including trading activities.

[pavais]

I simple trading rules alone
1. discipline
2. want to learn
3. abstinence doubt
4. Do not be greedy
Just like that bro

[malikysd]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.
Quite a few traders fall short to notice this after they first invest in these robots, and so they fail to check out the full likely of an forex robot making a living on autopilot, and so they begin to assume that it truly is to good to be real. But the truth is, they do earn money on autopilot, but only in the event you give a person day for each week to optimize these very important options.

[nilmegh]

To control our emotions in forex
exchange trading is very
important and we must keep it
at utmost importance while we
trade. Strong emotions leads to
high losses and weak emotions
leads to losses.

[kaybaba4u]

you are right about the rules that you have really highlighted but still there are so many things that cause people to get arouse emotionally when they are trading forex most of the times new traders tend to use bigger lots size to trade their account without them considering money management and when they start seeing their money go into loss they tend to be scared and from then on they let their emotions control them

[arifhossain01]

But mostly just get insight into operation open 10-15. If s/l, so it should be around 10 pips please? The events that took place before it was without justification and I lost their investment, but again, then jumps, but very rarely in practice, at least I've never seen.

[zaylan]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

to get the success it will require enormous sacrifices we think failure is a sacrifice for a better learning process.
If my experience in forex trading, we can get the input of the indicators that were available. it is necessary for us to learn prosese achieve advanced stages in forex trading transactions.
keep the spirit and continue to learn good luck ...

[oreoluwa]

i think i really like your point of view and i have to always consider your strategy because this sound to interesting to me making all my trades with the same lot size regardless on how strong my signer is i think i just have to practice this strategy in my demo trading and see the very best way this strategy can go

[rahim]

Today more than ever, many Christians are depressed, hurt, angry, and generally frustrated. They're having a hard time believing the Word, and an even harder time figuring out why they struggle with so many negative emotions. Many think how they feel is a result of childhood pain or family history. While that may be a small part of the issue, I'd venture to say that almost 95 percent of the negative emotions people face daily, are the result of negative words that oppose the Word of God

[atjashim]

I have tried this technique but still then i drop for my weak point. Its been 3 decades since i am dealing and even these days i battle with my feelings. You can for sure management and the best way to do so is closed down your pc and take a stroll, clean up and not to business for the relax of the day.

[shafayetfx]

Good idea and i think i will do this way then i think i will success in this situation and success so working on forex is very difficult its more than dificcult to control emotion.

[nyiel100]

to control emotion while trading is the hardest thing in this business for me,so since now i just analyze the market using technikal and fundamental too ofcourse then i open a position acording to my indies then i set my SL and TP with risk about 5% of my capital then i turn my pc off and go on with my life.

[Bocah]

control emotions and greedy in forex trading is very importand, because many trader going to margin call and loss because can not be patienly . so after we can avoid both, our trading result will be more good and in end of month we can make widrawal

[hazem.hassan]

Start trading when we must keep to the rules for emotions
Listen to a lot of analysis and periodicals economic and political
I agree with you in this your points and I'm having the same problems as you, but I beat most of them by
Follow-up economic releases and the national economy and global passion and love of making an impact on my love and not to stop trading
Listen to the lessons of human development, which motivates me to continue and follow-up transactions created by

[aisfx]

control emotions and greedy in forex trading is very importand, because many trader going to margin call and loss because can not be patienly . so after we can avoid both, our trading result will be more good and in end of month we can make widrawal

control emotions and self-control in the forex trading will result in a positive and beneficial to the personal development of a forex trader, because forex trading is a business should strive for success with the master himself and emotions if one analyzer and one in money management

[edan]

controling emotion is good

[Ramnit]

controling emotion is good
Every traders should be control emotion traded in trading. I believe that emotion trade have make more mistake in trading which can lead to the big loss in trading. for this reason traders should be market traded for become good profit.

[liso]

I don't have rules in controling my emotions i just ignore my emotions when it comes to forex trading emotions should be ignored totaly with this good trading strategy.

[rebate lover]

A trader can control his emotions with confident .if a trade trust to his strategy since it has a safe system and since it will protect him.then he can just follow it and relax.no more fear no more panic or greed.the emotions will come out with newbies much since they are trading without set rules and without a strategy and system.

[ruhanruh]

But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.
To avoid a situation where you could end up with excessively large positions that may put your Forex trading float at risk, you can choose to introduce an extra rule. This rule would limit the dollar value of a position to be no more than a set percentage of your entire Forex trading float.

[adnanhm]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

very useful tips you gave and i will try to follow what you do because as i newbie i dont have enough knowledge about real account so still i am learning on demo and some time i make profit and sometime i face lose .. so i think with the passage of time i will be good in this market

[mdjoy16]

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours. good forex forum indian thanks

[mdjoy50]

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break. good like forex forum thanks

[oreoluwa]

alright thanks very much for your rules for controlling emotions and i think i have gain from your rules for controlling emotions i think 5 pips is very much okay to win when we enter a higher lot size because the more you make the profit consistency the more you learn to grow your account so i think 5 pips is okay

[rebate lover]

More better when we will make trade, our conditions must be fit all, our body in fresh , no ill, and our spycology also good, no problem outside , maybe from our family, and other our job outside, after everythink is ok, we can start to make trade without add of emotions.

[Hansip]

More better when we will make trade, our conditions must be fit all, our body in fresh , no ill, and our spycology also good, no problem outside , maybe from our family, and other our job outside, after everythink is ok, we can start to make trade without add of emotions.

when the traders will get the more emotions then they will not be able to have the good tradings in the market because they do not know about the good way of tradings in forex with the better management

[rebate lover]

Hope traders are closely related to the players. They come in the market "hoping" they will make money. They trade up and "hope" he will go in their direction. They often leave bad trades get into the business even worse hoping that the market will turn and return to profit.

[mumun]

rule 20 pips per day also can make rich profit if the results every day.
I still have not been consistent for 10 pips profit even it is still heavy.
because if you've profit directly open position so the total fitting finished trading.
the result is less than 10 pips total obtained each day, the rule is still on paper only,. :)))

---------- Post added 10-28-2012 at 08:40 AM ---------- Previous post was 10-27-2012 at 02:04 PM ----------

If I had better secure profits already in the grip rather than trying to take the risk is uncertain. Since I am still a beginner in the analysis, most of the analysis I sometimes still not right. So it is too risky to continue the profit for me, better cut directly increase profit and equity rather than waiting floating I can not predict.

[mdjoy50]

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My rules for controlling emotions

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made good like forex

[truegoa]

Nice share! I like this thread since it gives me a good understanding about how actually we can control our emotion in our trading activities. But, for my personal purpose, I will just simplify it by my own rule: just stick to my own plan (being dicipline) no matter what will happen in market situation and condition. As long as we be dicipline to our rule, I think how hard emotion involving us, our trade will never being interupted.

[eli]

BUT my trading rules at will so long as they believe .. Cut Loss 25-50 .. depends only indi ... just follow the FSS indicator ..
good indi ... used in TF 30

[traderking84]

I have simple and basic rules for controlling emotions while trading if I feel I am getting emotional I simply donot trade and spend time away to get stable

[rajon999]

In my opinion, your situation is so good but emotion is most important for profit but over emotion is harm for profit. We trade here professionally so we know what can I do now? so we careful here. Otherwise, I have to take another decision for profit. If you earn more profit then you have to deposit huge money & huge time for more profit.

[monir01]

alright thanks very much for
your rules for controlling
emotions and i think i have gain
from your rules for controlling
emotions i think 5 pips is very
much okay to win when we enter
a higher lot size because the
more you make the profit
consistency the more you learn
to grow your account so i think 5
pips is okay

[yadikhanih]

Yes i agree with your post, you have explained good points about the emotions i will also follow this , but you have to increase the value of stop loss 40 points. But you will left the important thing that is News which is published by the Govt. the market is depend in news only.

There are many reasons for this disparity but they generally boil down to the fact that the UK has the freedom to adjust interest rates, currency levels, run inflation risks etc. These are options which are not available to the Southern European states.

[Spartakus]

Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.

1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.

2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.

3. I will alway put a top loss 5 pips under my entry point.

4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.

5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.

6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.

Please feel free to add any advice or comments and thanks for your help :good:

Yes brother this thing is the most reason lets the trade loss in his trading so to control your emotion you have to engaged in to your other work all the time have to think about your trading topic , then you may control your emotion.

[rebate lover]

COntrolling emotion in trading is easy to say,but hard to do..we can only control our emotion,if we are calm and already used to it..
thee way How to control our emotion is to set a small size of lot..so our minds doesnt feel too stressed..

[M.aiasra]

thats really very good rules every body on forex must have his spetial way
to have agood trading and make some money

[khoiri]

even fought together but Tehnik dansetrategi consumed is different between a trader with other traders. and a clear belajarla before you fall in ruin. need to remember the success of one depends on your own from ...

[Hansip]

even fought together but Tehnik dansetrategi consumed is different between a trader with other traders. and a clear belajarla before you fall in ruin. need to remember the success of one depends on your own from ...
emotions are impacting on the trades too much because when there is more big risks in the market then I have to take the more bad ideas about the trade so I can not do the good tradings in forex

[mdjoy50]

3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti good like forex forum

[yousef.3600]

Very difficult to control emotions during trading and the most important thing is to control and get rid of greed and also to be put in stop-loss points to get to the trader and benefited a lot of important points to get rid of the feelings and control

[mdjoy16]

When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading. good like forex

[erumozor]

Yeah what i always use i controlling my emotion at all time is by entering a market with the form of money management at all given period of time this is what i use to control my emotion

[Firozmahmud]

Like American Football for majority of the games, rules are really simple they are not intricate at all. The first rule that you must bear in mind is to keep every person protected also this is just common sense to by no means point and toss anything at any other person. Accident can happen at all times we must make use of fine apparatus and accessories which are specially intended for practice like indoor and outdoor practice. One has to examine the state of the gear regularly to in these postet by Md Firoz Mahmud.