View Full Version : Rules for Controlling Emotions in your Trading.
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margono
2012-12-10, 05:31 AM
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:
emotional control is very important in forex trading because the person who controlled anger appetite would have difficulty in doing a trade and get a lossemotional control is very important in forex trading because the person who controlled anger appetite would have difficulty in doing a trade and get a loss
ramix
2012-12-10, 08:59 AM
For become successful trader we must hard to learn about forex, many parameter to must be understand, beside technical and fundamental. trader must learn about internet market analysis too.
tokichi
2012-12-10, 09:57 AM
make the rules first instance max open op the profit and loss max 1x 2x per day with strict sl
i think the rules should be lived about 2 months to get used to not carelessly op
Jubel300
2012-12-10, 12:06 PM
Simple rules is that if i was able to profit or loss on target finished the trading activity.let alone determine todays tasty loss or gain per day.
amit khanna
2012-12-10, 12:51 PM
when to open a trade one should be very clear of profit he is willing to take and put stop loss of suitable pips which you can afford to loose.trader should be ready for profit and loss both to bear.
defacerious
2012-12-10, 02:08 PM
begin trading after we should keep towards the rules for emotions
listen to the lot of study and periodicals economic and political
i agree with you during this your points and im having a similar issues since you
ishvara
2012-12-10, 02:47 PM
At the times that we traders needs to control our emotions, we need to be very careful because the emotional control is too hard for a forex trader to achieve in their trading. Emotions in forex trading, are hard to control so we must keep practicing till we learn it.
kuddos.29
2012-12-10, 05:42 PM
Forex is a good job. 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. Good luck.
usmanraza
2012-12-10, 06:44 PM
nice post ma ap kaya subi rolls ko study kar layea ha emonation ko countrol karne ka laye ap ka sub
rolla bohat ache ha forex ma emonation ka cuntrol karna bohat zarori ha
fxenjoy
2012-12-12, 01:21 PM
Emotional baggage participate in crucial purpose throughout currency trading along with just for this its encouraged to manipulate about emotional baggage when currency trading. Sometimes it bring about acquire inappropriate judgement at the same time and so decreasing or maybe maintaining emotional baggage are best tips.
If you make some rules for controlling your emotion during trading time and if you follow the rules properly you must get success from your trading business and make a good profit in Forex trading market .
Yes control emotions and patience and stay away from greed to make good profits I also have the greed and I want to get a big profit in a short time and this is wrong, where there will be significant losses in the future and the loss of capital.
farhan8fc6
2012-12-12, 05:58 PM
In Forex if you follow your rules to control your emotion during trade you must get success from your trading business and make a good extra money in Forex trading business and change your life in Forex .
roxy161
2012-12-12, 10:24 PM
i thinks the best thing to do when we loose money is to wait abit. because the first reaction to loosing money is always to traders 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 therefore you need to take trade after i make more then a loosing trade..
alecander
2012-12-14, 01:39 AM
a trader will management his emotions with confident. if a trade trust out to his strategy since it uses a safe system and since it'll defend him. then he will be able to barely follow it and relax. get rid of worry get rid of panic or greed. the emotions can return out with newbies abundant since these are trading while not set rules and while not a technique and system.
oreoluwa
2012-12-14, 04:46 AM
alright thanks very much for your information on how to controlling emotions and as for me i think the very best way to control emotion is when we can learn to make proper use of the money management that i think is the best
Hansip
2012-12-14, 07:04 PM
a trader will management his emotions with confident. if a trade trust out to his strategy since it uses a safe system and since it'll defend him. then he will be able to barely follow it and relax. get rid of worry get rid of panic or greed. the emotions can return out with newbies abundant since these are trading while not set rules and while not a technique and system.
No need to control the emotion , in my view. it will controlled by the loss automatically. if you tell the beginner to control the emotion for safe trade. then they ignore that for greed. but after huge loss they must get he right thing. and then they will find out your ID
jawaid123
2012-12-14, 10:13 PM
Since all the traders ( excluding robots) are human, and emotion is a human quality (or defect), it's impossible to think that emotions won't influence in trading.
Besides this, to be a good trader, you should train your temper to avoid to fall in huge mistakes.
Conclusion: emotions are components undesirables during trading. Rule your emotions won't warranty your success, but will keep you out of unfixable errors.
Best regards and happy trading!!
Gaurav Singh
2012-12-14, 11:27 PM
All traders must be disciplined; this is needed so that that in a realm of constant temptation the forex market, you can be sure to remain calm and unemotional. Logic is a must; you need logic to be able to look at the market from an objective and straight forward perspective, no emotions, remember?
haney
2012-12-14, 11:51 PM
i really like the point number 1, and this is very relevant that we have to know before we do trade, and we have to have good setting for it, for the worst and the best condition, because all can happen at this business and we have to ready to accept all of them,,,and then keep it so tight with good discipline and patience and so we can reduce and control the emotion
oreoluwa
2012-12-15, 04:53 AM
yes i think you are very correct trading with the same lot size really go a very long way because when you trade with the same numbers of lot you can really trade and have your mind at rest and trading with little lot size give a rest of mind
shtrsh
2012-12-15, 05:51 AM
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.
margono
2012-12-15, 07:31 AM
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:
emotional control is very important because a lot of people undergo a trade would be worse off if the mind is not in a state of calm, it will affect our healthy minds
ucang-et
2012-12-15, 08:34 AM
nice share ! i prefer this thread since it offers me a powerful understanding concerning how truly we will management our emotion in our own trading activities. other then, for my personal purpose, i'll barely simplify it by my very own rule : barely stick to firmly my very own arrange ( being dicipline ) despite what can happen in market situation and condition. as long as we be dicipline to firmly our rule, i believe how onerous emotion involving us, our trade can never being interupted.
kaisar
2012-12-15, 10:48 AM
To control our emotions in forex is very important and we should stick to important while we trade. Strong emotions caused high losses and a weak emotion that caused the loss. therefore emotional stability is very important in forex.
haggalla
2012-12-15, 10:57 AM
Your rules are very good and every trader who wants to be successful should follow these rules, as these rules are needed above all for becoming a successful trader, i also always try to follow all these rules, but sometimes i couldn't control my emotions and once a while i open bigger lots..
how I'll stand it bro because it felt to be very difficult to stop trading
I also halted trading from morning till morning with TP and SL targets can be completed but still violated because no strong view chart danced
saqib160
2012-12-15, 02:42 PM
goog rolls i agary with u emotions ko forex ma countrol karna bohat zarori ha forex ma emontion bohat mayni rakte
ha emotions ko countrol karne ka laye ap ko rulles bohat best ha. i like your all rulles
arsyad
2012-12-15, 02:49 PM
the rules are extremely smart and each trader who desires as being successful ought to follow these rules, as these rules are required higher than all for turning into an efficient trader, i additionally invariably attempt out to follow these rules, other then generally i couldnt management my emotions and once a whereas i open bigger tons.
ucang-et
2012-12-15, 03:14 PM
within my opinion, your situation is therefore sensible other then emotion is most essential for profit other then over emotion is harm for profit. we trade here professionally therefore we can determine what will i do currently ? therefore we careful here. otherwise, i even have to get another call for profit. if you do in fact earn additional profit then you will have to deposit huge cash & huge time for additional profit.
defacerious
2012-12-15, 03:32 PM
for controlling our emotion i feel that continue trading during this market is extremely vital issue, you've got provide a reliable thread, if we do proper cash management then we are able to trade while not emotion.
Indofx
2012-12-17, 08:13 PM
for controlling our emotion i feel that continue trading during this market is extremely vital issue, you've got provide a reliable thread, if we do proper cash management then we are able to trade while not emotion.
Every people have emotion but there are few people can control it,in the business it is also hard to control your control in the same of both profit and loss, so every one should renumber that both profit and loss are part of business .In the same of profit you should never react rather you should carefully reinvest your money for more profit.
sulasih
2012-12-17, 11:17 PM
emotion is one of the important matter because of this many of the trader specially new beginner loss their money in forex market you have lot of experience need to eontrol emotion and i think demo is so much helpful.
:)
jokojono
2012-12-17, 11:21 PM
It is hard to do, because most of us as a rookie, when we have the advantage, we want to continue to increase profits is to be as many we can get. I always wanted to quit when I was old enough to make a profit, but so far I am still very difficult to control, and sometimes it makes me lose a lot. because we are sometimes tempted by the market movement
luckybegum001
2012-12-17, 11:23 PM
i think that is a goosd idea for controling your emotions in trading time.iwant add some of my plan for that i always first tergeted a good profit than i focus on that terget when i reach that i withdraw my profit and thing rest of them is bonus ,becasue of that i always get profit afterlosing capitals.
vickymughal
2012-12-18, 01:58 AM
patience will give you more time to analyze the market..
if we entry market in hurry, we may enter it in wrong time ..so better to wait and analyze..
hossam_a22
2012-12-18, 04:10 AM
A trader (Trader #1) buys a futures contract, but in order for this to happen, someone has to sell that trader the future. Therefore, for every buyer there is an equal and opposite seller (Trader #2). When this transaction occurs, the open interest is increased from zero to one. There is now one contract outstanding in the marketplace.
a.mahmoud
2012-12-18, 04:37 AM
the emotion mmmmmmmmm...Greed is make me big loser one-day ... every-time i lose small lot get inter again with double lot and that make me lose is so fast..i can`t control is so difficult for me
abbey ak
2012-12-18, 04:52 AM
alright i know this rules for controlling emotions will go a very long way to all forex traders because i know that controlling emotion is the major problem most forex traders have in the market and lack of discipline goes a long way also
Do not ever order again if the first order in a state of loss. profit if the price effect is reversed and the stump if the price continues to move is not in accordance with our open positions.
according to the above principle: that do not think that the current price is too low or too high, so high that we can look only at a certain time frime, but at the time the larger frime she is just the beginning, now this is where we usually fooled by the signal
Trade ought to be able to read how the market economy and news in the country whose currency we traded, well this is a hard, have a lot of insight.
This I think I can gather from the above tips hopefully benefit
alam847
2012-12-18, 08:15 PM
All emotions that exists in forex trading can cause losses for us so this is the reason why we traders need to control those emotions personally as we trade Forex market.
hossam_a22
2012-12-18, 10:13 PM
he Parabolic Stop and Reverse (SAR) indicator combines price and time components to generate buy and sell signals. The Parabolic SAR is also effective as a tool to determine where to place stop loss orders.
The chart below of the 100 ounce Gold futures contract is a good illustration showing buy and sell signals generated by the Parabolic Stop and Reverse (SAR) technical indicator:
dartofx
2012-12-18, 10:47 PM
To control our emotions in forex currency trading is very important and we should stick to important while we trade. Strong emotions caused high losses and a weak emotion that caused the loss. we have to set goals and targets before trading, and should be consistent with the objective
Gaurav Singh
2012-12-18, 10:48 PM
I am controlling my trading emotions by the feeling of fear and greed in a optimum quantity, when I feel greedy to earn more profit than fear control my greedy behavior and vice-versa.
miyabi
2012-12-22, 09:56 AM
I once heard from a master, in fact greedy it does not matter. As long as we know when we should exit from the market. If the market conditions have not allowed us to survive and shows other symptoms, then that's when we had decided to get out and securing profits we have achieved. As soon as I read from one of the masters in this forum.
rokib
2012-12-22, 10:37 AM
My first rules is learning more about forex trading because i am newbie in forex trading. I read this topic and it is good help for me because i have no real account this time. I trade now with demo account and i hope when i think i am prepare for real trading then i start. My friend trade with forex last two years and he said me emotion controlling is most important and you will be done it from experience about forex trading.
numanpsc11
2012-12-22, 11:38 AM
I know that as a trader , one might suffer from emotions such as fear an when this happens , one may not trade at all for fear of losing money but at times you may fail to trade and lose a lot and recovering the loss may take time.
aksay
2012-12-22, 11:43 AM
I think traders are more durable than the conservative to aggressive
rules should also be made to facilitate trading we are not burdening
I prefer to trade for what it is without having to sacrifice other important things especially during sleep :D
myy rules in osforex is that emodtions is just part of the forex trading business so if li do loose and for that matter loosing is a part of forex but you i do not have to dwell on the emotion i ignore them.
rayhanulislam
2012-12-22, 12:02 PM
I think the best thing is to wait for the money if we lose ambit. When money is lost in the reaction initial always act more to return, the risk is too big and too loose. Why you need to break and clear the head focused and relaxed. That is the reason why I have a rule that no minimum of unfair trade practices at least 50 when I lose my purchases more than 1. It must be established in stages of emotions for me, not too much need for regulations so if control used valid emotions
Forex trading has a strong system. If we can get a profit by passing through a lane with a certain strategy then it must be consistent and disciplined continued to use the line, if you want to continue to get profit consisten.
tokichi
2012-12-23, 11:03 AM
One great way to anticipate the arrival of OP merely want to itch.
It also can reduce the saturation of the market.
mantok
2012-12-23, 04:16 PM
share trade rules with pictures like that, though easy to read. Feedback knew trading self-taught, so difficult if only paper wrote. need the detailed picture, order the appropriate time and not small against the possibility of losses due to sudden reverse direction. might exist between the friend's friend who had the recipe for so pip lined green. he he he wants .. :D
stylopro
2012-12-23, 06:26 PM
We are humans and not machine that can exclude emotions. You just can't avoid emotions in the start of your trading career but it will get better and better with the time and you will certainly improve.
suzonbmw03
2012-12-23, 06:53 PM
Dear Friends, 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. 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.
Hansip
2012-12-23, 09:38 PM
We are humans and not machine that can exclude emotions. You just can't avoid emotions in the start of your trading career but it will get better and better with the time and you will certainly improve.
Definitely dear newbies can't control their emotions in the Forex trading because they have not any experience to handle the situation. In my point of view experience is the key of emotions control system. If someone have knowledge, experience and good practice then can get profitable results.
Indofx
2012-12-25, 07:38 PM
Definitely dear newbies can't control their emotions in the Forex trading because they have not any experience to handle the situation. In my point of view experience is the key of emotions control system. If someone have knowledge, experience and good practice then can get profitable results.
actually we are not trapper in emotions in trading ..this is lack of knowledge and lack of confidence that's why we are thinking like that .everything having a way to survive and way to become successful .if we are avoiding our emotions with our technique then we can think positive
afraz
2012-12-25, 07:42 PM
To manipulate each of our thoughts throughout currency trading change exchanging is critical along with we've got to preserve the idea in maximum relevance even though many of us buy and sell. Solid thoughts brings about substantial cutbacks along with poor thoughts brings about cutbacks.
riza setyawan
2012-12-25, 07:57 PM
बेहतर है जब हम व्यापार कर देगा, हमारी शर्तों सभी फिट हो सकता है, हमारे शरीर ताजा में, कोई बीमार है, और हमारे spycology भी अच्छा है, बाहर कोई समस्या है, शायद अपने परिवार से, और अन्य हमारा काम बाहर करना चाहिए, के बाद everythink ठीक है, हमभावनाओं की जोड़ के बिना व्यापार बनाने के लिए शुरू कर सकते हैं.
oreoluwa
2012-12-25, 10:30 PM
alright thanks very much for your time taken to give out the best way we can controlling emotions and i think i will like to advise all traders also never to invest into the forex market the amount they can not afford to lose
edywaluyo
2012-12-26, 09:27 AM
if we have difficulty in controlling emotions in trading should we need to enlist the help of another person to assist, such as your wife or husband to always remind us of the things that can make our trading maenjadi destroyed, we asked him to forcibly mengclose our computers if we still stubbornly want to trade after a loss. we ask him to entertain that there is a better tomorrow
Hansip
2012-12-28, 09:10 PM
if we have difficulty in controlling emotions in trading should we need to enlist the help of another person to assist, such as your wife or husband to always remind us of the things that can make our trading maenjadi destroyed, we asked him to forcibly mengclose our computers if we still stubbornly want to trade after a loss. we ask him to entertain that there is a better tomorrow
Emotion in Forex makes you make alot of bad decisions
in the Demo account I am very good but when I use the real account I lose my money fast because in demo you don't get these emotions like in real account.
alam847
2012-12-29, 11:53 AM
I think emotion as well as the patience , if we are i n control of emotions that arises is patience , and all that is needed in trading to achieve better result.
numanpsc11
2012-12-29, 06:33 PM
I can't control it properly while i am on real trade, cause my be i feel so excited about my trade i think i know all rules very well how i control emotion, i work hard to improve but never works it on real trading time.
dewik79
2012-12-29, 06:54 PM
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 do not find it difficult to control the emotions. I guess, with discipline on the rules that we espouse. we will be able to avoid emotional. For example, I set to open 5 positions every day, should I obey. Do not make the trade more than 5 positions, and must be stopped, whatever the outcome, profit or loss. So, discipline is an effective tool to suppress emotions.
Indofx
2012-12-29, 07:37 PM
I can't control it properly while i am on real trade, cause my be i feel so excited about my trade i think i know all rules very well how i control emotion, i work hard to improve but never works it on real trading time.
at the same time, I think it's a good idea to control feelings of Forex trading ... So trying to control your emotions, so a reduction of 30% of the watch you kill the feelings of emotion of loss. a profitable trade. It's your turn to be profitable at a loss.
nabeel
2012-12-29, 08:15 PM
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.
meray khial say trading kartay hoe emotion ko contriol karna bhot he mushkil hai is ko kisi had tak kam kia ja sakta hai ye trading k liay bhot nuksan ka baise hia
nodidesign
2012-12-29, 08:19 PM
Some rules are benefit for emotion to avoid to its:
1. Well education
2. Experience
3. Demo practice not only first time need all new strategy apply
4. Confident on plan
5. Analysis power
6. Money management
mazprofx
2012-12-31, 11:08 AM
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:
Thanks for all this rules and I think it is very important to write down the your trading rules on one page and use it while trading live and you should also follow your trading rules to execute the trading plan successful and perform well in different market situations.
delowar
2012-12-31, 11:42 AM
It is the first step when you've just started to learn about forex. You know that forex arthoparjanera a simple way, because you had heard that much about forex money online forex trade would be not matter. Unfortunately, you do not think it's so much easier, just like your first driving course that you wish to have easy
Jokowi
2012-12-31, 12:50 PM
It is the first step when you've just started to learn about forex. You know that forex arthoparjanera a simple way, because you had heard that much about forex money online forex trade would be not matter. Unfortunately, you do not think it's so much easier, just like your first driving course that you wish to have easy
i think that will depend on your news analysis and your understanding the news. if you can understand the news perfectly then you can predict the market movement. then you can also get idea about when you have open the trade and when you have to close the trade. then there is no place for greed. expcitement. euphori, panic or fear.
abbey ak
2012-12-31, 03:14 PM
alright i think this will really help go a very long way in the forum to all newbies because the more we can learn to control our emotions the more we can trade and have our mind at rest so i think money management goes a long way
pavais
2013-01-03, 08:04 PM
I think it's mean that you dont want trading and dont want to sit in front of computer screen due to any reason. if you open your position in silver or gold and i am talking of months i am talking of hours it will destroy all your account as the pips goes up and down very fast !!!
jokojono
2013-01-03, 10:05 PM
thanks for the advice, indeed in forex trading we should be able to control our emotions. because no matter how well our strategy, but if we are not able mngontrol our emotions then all will be destroyed, it will not go according to what we have planned
sukini
2013-01-03, 10:33 PM
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:
essentially a trader when getting losses will surely find and trying to recover the capital. but sometimes the emotions that work would take him worse off
modulcpns
2013-01-04, 04:15 AM
It is the first step when you've just started to learn about forex. You know that forex arthoparjanera a simple way, because you had heard that much about forex money online forex trade would be not matter. Unfortunately, you do not think it's so much easier, just like your first driving course that you wish to have easy
to get some open posistion to and need some education,online trading and get an experience of forex transactions the movement of the indicator analysis forex and with discipline put on the line and level trend lines in forex trading is important,
radean
2013-01-04, 04:52 AM
Emotions are hard to take care of once we started getting a lot of minuses we have a tendency to lose more and more management to do things that are not as safe as against the market. Recently reduced reinforced piles problem your time for MC. This could be evidence of dangerous if we have a tendency to get a sensation of pleasure.:)
badrussalam
2013-01-04, 09:19 AM
first understand what it is technical analysis. Technical analysis is our ability to translate the signal given by the indicator, the more indicators that we use the more nearly right information that we get. The signal then we bundle it becomes a prediction of the movement of currencies in forex trading. if you already know and believe in your predictions, then if the market turns from prediction then you will not panic
dedi irawanto
2013-01-04, 09:20 AM
Now I just try trading in a demo account, it is very easy to cope with emotions so that I can trade lucrative. but my friends told me, that trade on a demo account that there is no emotional stress, and vary much when we are trading in real account, because the emotional pressure is very high. is it so ..? please help me ..
sahuri
2013-01-12, 03:48 PM
rules are mostly used like this
if profit 5 pips minus close immediately leave to return hundreds of pips profit
though do not know how long its minus
numanpsc11
2013-01-12, 04:11 PM
Rules are very good and every trader who wants to be successful should follow these rules, as these rules are needed above all for becoming a successful trader, i also always try to follow all these rules.
iknow for the past few days it has all been pain and more pain for me in the market but all the same i know that i had to control myself even if i lost and moved on even though it not gone all i know in future i will enjoy trading.
m.ikram
2013-01-13, 01:16 PM
emotions ko control karna es business ka bohat hi important hisa hy. jo trader apny emotions py control karny k bager trade karey ga usy loss ho ga kiyun k wo bari bari trade lagani start kar dy ga es liye tamam experts ki kehty haen k trading k duran apny emotions py controll karna chahy.
oreoluwa
2013-01-13, 01:44 PM
alright thanks very much for your rules on how to control our emotions because the more we trade without emotions the more we learn to make the best profit out of the forex market and based on my opinion confirmation goes a long way
pavais
2013-01-13, 03:43 PM
If you specify a target trading has such playful
I think it's good we have a target
trading in order to be more consistent and disciplined
sorry nubie opinion
asifanayat
2013-01-13, 04:06 PM
Forextrading mein emotions pr control he sub kuch hai ager app emotions pr control hasil kr
laitey hoo tou mere khayal mein app aik achey trader bun saktey hain keun k emotions sey
he aik trader lots lagata hai ager emotions sey bahr ho kr bari trade laga daita hai tou barey
loss mein b ja sakta hai eis liye emotions ko control krna lazmi hota hai
Madangopal
2013-01-13, 04:26 PM
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:
One thing. You can build up your opinion by changing your target both profit or even loss.
Means, never use a fix subjective target as like always 5 or 10 pips as TP or SL, try to know more about price psychological level. then you can place your TP / SL in first price potential target.
after placing entry (of course with TP / SL set), your duty is just to follow the plan, wait until price hit whether your TP or SL, it will help you to practice your intuition. good luck
One thing. You can build up your opinion by changing your target both profit or even loss.
Means, never use a fix subjective target as like always 5 or 10 pips as TP or SL, try to know more about price psychological level. then you can place your TP / SL in first price potential target.
after placing entry (of course with TP / SL set), your duty is just to follow the plan, wait until price hit whether your TP or SL, it will help you to practice your intuition. good luck
yes, fix SL and fix TP is just for beginner, if we learn more and have much experience, we know that this fix SL and TP is not effective, we cant maximize our profit and minimize our losses
jhane
2013-01-15, 07:55 AM
the problem these emotions may be very siasati in suli and also need some tools for example in trading we always forget to put stop loss then we use scripts that automatically when you open the openposisi us directly attached to tp and sl
sonali
2013-01-15, 09:54 AM
thanks for sharing.Guidelines are very excellent and every investor who wants to be effective should adhere to these rules, as these rules are required above all for becoming a effective investor
gretos
2013-01-15, 12:06 PM
My way to manage emotions is to use a small account, if the account to enter the market, I use my small account, if you want to enter the market, then I use my big account and I take daily targeted profit of 10% of capital
oreoluwa
2013-01-15, 12:31 PM
okay thanks very much regarding the rules to control our emotions and also i will like to advise all newbies that money management is also the best way to control our emotions in the forex market
Tsaqif
2013-01-15, 01:02 PM
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 control emotions is not an easy way sir so we'll get a lot of errors if we want to control our emotions quickly, it must walk slowly so we will ****ually gain consciousness will arise by itself
That was a really useful advice on how to control emotion and fear on the market.. Forex trading is 99% emotion controlling and 1% trusting your positions.. If you know how to beat your emotional psychology and trade professionally, you will make profits on this market..
gillani24
2013-01-15, 03:36 PM
Well it is very important to control our emotions when trading in forex. In forex, a good trader always trade in forex with out greed and lust of money. He also trade in forex with out emotions and over confidence to take some good profit from forex trading.
ashvi
2013-01-15, 03:37 PM
Well it is very important to control our emotions when trading in forex. In forex, a good trader always trade in forex with out greed and lust of money. He also trade in forex with out emotions and over confidence to take some good profit from forex trading.
Controlling our emotions while trading in the forex market plays a very crucial role in a forex traders career. Most of the experienced traders know the impact of emotions on the trading, thus they make sure that they do not have any attachment related and simply trade with technical reasoning.
there are so many things that make people to fail in the trading in forex emotional trading is one of those things ..getting used to trading is one of the thing the at you have to know to do before you start trading
the emotions controling rules are very important and also very useful so if you want to control your emotions in forex then follow these rules because emotiosn control is very important in forex while working because its destroyed your trading in forex and also your self in forex trading so get these rules carefully and working in forex with these rules and earn better with controling emotions...
i like india fx
2013-01-15, 04:09 PM
yes the good way for controling emotion iz to have in the first sttep good plan and make efectiv strategy contain all item that explain and clear to us all steep we will to take during all our trding , if we work wiwth plan and fix all point nesessry in trdin g for exaplm fix loss and fix the profit and fix when i will run stop lloss and when i can take ris all thiz we must montion in ouir s trtegy , thus we will have good and right way to folow and we can control our emotion
walidppi
2013-01-15, 04:14 PM
But I usually just open the possibility of 10-15 points. So how can you, you should be around 10 points after I s/l? "Yes," has happened before rising sharply, losing their investments, and then jump back but is, in fact, rarely, but at least not often.
hh512
2013-01-15, 04:16 PM
yes that is good that you have defined you way for it and this will surely help you in long run.emotions are inside the human being so it is your responsibility to work on it.
AHII10
2013-01-15, 04:18 PM
Yes before starting my trade I make a target what I have to achieve in trading on daily basis,weekly and monthly basis then I start my trade after setting target and I don't trade with greed.when I have to face loss then I do not loose hope and keep patience.
it is a good think to stop trading after 3 losses in row.
but what will you do if there is a good chance after these 3 losses, will you not take it ? I think you should take it and take every chance according to your strategy
Papoila
2013-01-15, 04:34 PM
My rules to control my emotions are a little different, of course each with their own way, there are several profiles. I from the moment I learned to be disciplined with my risk margin, or being money management. The initial emotions, when we are still apprentices but now trade in real account, simply gave up, and from that moment I started to see the Forex otherwise. And emotions are not as strong or harmful to the point of harming the trade normal!
enriquez
2013-01-15, 05:01 PM
A lot more far better once we will make industry, our own ailments must be suit many, our body inside fresh, not any ill, and also our own therapy additionally excellent, no worries outdoors, perhaps by us, as well as other our own task outdoors, right after almost everything will be ALL RIGHT, we can easily will help to make industry without include connected with emotions.
sagar26
2013-01-15, 05:10 PM
welcome to forex.To control the emotions should be done in stages for me alone to control the emotions do not need too much to make the rules so as not to burden.good job.........................................
mark48
2013-01-15, 05:16 PM
i think you write very good points to control emotions,i also now wanted to follow these steps to become more satisfied with my trades..only 1 point i want to say just not trade many times in a day after winning or losing....
makrazeeb
2013-01-15, 05:18 PM
dear friend you are saying about right thing about controlling emotion so a lot of thanks to you because your this idea is helpful to all of us. But dear I personally think that the best way to control our emotion is to increase our trading experiences.
I also still confusion in the face of emotion that I will use in getting good trading results that I will get great results in any kind of trade so I can get a much desired by many Trader
edy.sug
2013-01-15, 06:10 PM
This is a great deal of foreign attirer. Liquidit is a reason to pull you motion haters. Etre Fear can work and survive. ncessaires only limited success. A good education and experience of the obsession of hatred, this is the first and emotional, which has existed until now will be a success
ghuteftr
2013-01-15, 06:15 PM
To control the emotions should be done in stages for me alone to control the emotions do not need too much to make the rules so as not to burden
In order to maximize your benefits of the forex signal service, you should have some basic information of the forex market. In case you do not know anything about forex, you can ask online and the response it is almost immediate.
ObaFX
2013-01-15, 07:40 PM
to control your emotion effectively you need to have a good trading strategy and also you need to also try to reflect on your previous losing trades with the aim of trying to avoid the same mistake from happening again or minimizing the loss.
roziqin
2013-01-15, 07:59 PM
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.
to control your emotion effectively you need to have a good trading strategy and also you need to also try to reflect on your previous losing trades with the aim of trying to avoid the same mistake from happening again or minimizing the loss.
Always put stop loss and take profits on our trade can reducing risk from involved our emotion. Beside that, we should dicipline with our money management rules
aim_aly
2013-01-15, 08:09 PM
emotions are that thing which is not good in sbuncie every peoples have a two types of mind thinking if you thing postive then other one is negtaive thinking so trade with mind not with emotion its help you to achevd your aim target and goal i just say thats ptience to earn moeny os better
abdulqadoos
2013-01-15, 08:14 PM
The best way to control your emotions when trading is to not focus too much in view gaping when the position is open if not already open position then we have to focus on the charts and indicators, but if it is open then you should wait for the target position is achieved while performing other activities.
yeah these are some good rules to control on our emotion but we should always need to stay in touch with forex market news and trend and need to read forecast on the daily basis to win here nice and easy money, we should always need to touch with demo account.
capricorn
2013-01-15, 08:27 PM
I think a trader must have to trade in forex by controlling his emotions when trading in forex. A good trader always trade in forex with out greed and lust of money. He also trade in forex with out emotions and over confidence to take profit from forex trading.
saj02
2013-01-15, 08:36 PM
Forex is risky but profitable.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. Good luck................
sumon06
2013-01-15, 08:47 PM
There are no specific rules that which is by control our emotion. Emotions is the most important factor for the trader because it is the natural things for good result.
soheltitu
2013-01-15, 08:48 PM
Emotion play great rule in this market.We have to keep control of this.Thank you for your posting.You have stated some steps to control this.I think meditation is also important tools that control our emotions.
rance123
2013-01-15, 08:48 PM
i think forex is good job.To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade.forex is best nice job.good luck with your trading.........
mahmoud2000
2013-01-15, 08:48 PM
your rules is very useful thank you friend
i controlling my emoations by a little lots
small lots and near targets
abduljabbar
2013-01-15, 08:49 PM
This is very good for you! you are controlling on your emotions if you can control your emotion in the Forex then you can make lots of money if you can not control on your emotions then you can not make lots of money from here.Its all depends on your rules that you are using during the trade on the Forex.
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,
shakil7142
2013-01-15, 09:19 PM
Different trader maintain different rules for controlling emotion.When they are feeling so much control on their mind,they will be far away from forex trading.
blackzang
2013-01-15, 09:22 PM
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,.......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...............
tulsi
2013-01-15, 09:30 PM
I think a trader must have to trade in forex with out greed and lust of money. A good trader always trade in forex with out emotions and over confidence to take some good profit from forex trading. In this way, he may earn some good profit from forex trading.
suniltaeir
2013-01-15, 09:35 PM
Well jis kam main b emotions ko contro kr k start kia jay insan us main kamyaab ho jata hy forex trading main b kamyaab hony k liy trader ko forex trading main emotions ko contro krna ho ga bat hi losses sy bach saky ga
moon_2
2013-01-15, 09:46 PM
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mdrejaul
2013-01-15, 10:00 PM
We have 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.
konami
2013-01-15, 10:23 PM
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.
kolagas565
2013-01-15, 10:37 PM
Very difficult to control emotions when trading and most important thing is to get rid of greed and control of the business and also to get to the stop loss point and critical control points and to get rid of a lot of sense to benefit.
khaledadry
2013-01-15, 10:42 PM
Yes, that is right and also we may benefit from what is called cluster levels, let me explain it more: for example on EUR/USD when the price reaches 1.2700 and at this region there is a strong trend line in addition to 61.8% Fibonacci, and a 200MA on the 4H chart, so there is more than a reason to enter a position in the direction what the previous tools say to us.
malhr655
2013-01-15, 10:44 PM
When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and emotions. New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can't get out or don't know when to take profits or get out at the bottom and get in at the top of markets. In other words they make bad trades because they are trading from inaccurate beliefs and become subject to their emotions of fear and greed
Soufiane1
2013-01-15, 10:52 PM
All currency traders suffer from a high degree of pressure and sometimes suffer heavy losses. And living anxiety and frustration, depression and sometimes despair, this is all part of the game currency trading. To be able to become a merchant Ideally, you should learn the ability to control these emotions. Do not leave these emotions to take control of your trading. Temtg high concentration claim focused on what you do. Trade must be based on informed rational decisions, not on emotions and operator. We must learn to take the occasional day off a week and that will help the is tension Tqlbul town on a positive trend. If you work well, this is in itself a good bonus. If your business is not good, leave-taking will help to avoid the trauma and may help because the market sees a different perspective
naila niaz
2013-01-15, 11:05 PM
3- I will alway put a top loss 5 pips under my entry point. emotions are not fully controlled but not allowed to cross thier limits emotions are the cause of our lose and sucess
boriss
2013-01-15, 11:22 PM
relating to Thursday, towards the finish most generally associated with June, Offshore retained more or much less $843.7 million valuation on You and me economic, $94.6 billion dollars fewer than every reach a high poing at $938.3 billion this sort of kept in Sept 9.
owaiskhan
2013-01-15, 11:26 PM
I just left my workplace, which is left to face the monitor if you are already feeling emotional look at the market, in the meantime i usually go out of the house or find an atmosphere that can be inspiring to sit in front of the monitor again,,
sukeshroy
2013-01-15, 11:26 PM
Thanks for this.Every traders should trade in such a way that their strategies will helpful in determining and reducing their emotions .Reducing emotions will helpful in making profits in Forex.
sajal
2013-01-15, 11:29 PM
I think that practicing in demo account is the best way to control emotion.All the traders can not control emotion.To control it, a trader should try his best in demo.He should treat demo as real account and should use many strategies in demo so that the best strategy can be selected.Another way of controlling emotion is meditation.Meditation calms our mind.
numanpsc11
2013-01-15, 11:36 PM
We have to decide something before sitting to trade. If you reach target whatever it is profit or loss then you should not continue Forex trading.
green00
2013-01-15, 11:40 PM
Well done bro. apki koshish ke liye kyun ki emotion ko control karna Forex mein bohot hi zaroori hai.
biyen
2013-01-16, 05:10 PM
I had so many bad experiences what if I can not control their emotions. My last experience was almost having to force myself to MC because mngejar nonfarm payroll USD profit in a couple of days ago. This is actually a valuable experience that should be taken into evaluation. But events such as recurrent. it is not easy to control emotions. But I think, the easiest way is to immediately turn off the computer and away from the trading board when we've driven by emotions when making trading
rafiq06
2013-01-16, 05:47 PM
There are no specific criteria for control our emotion. This is the won mater of our. How can i control our mind or emotion. You have to mind that emotion is the relation with the greediness and high making power. We have to remove the bad attituate.
kelvin_funky
2013-01-16, 05:55 PM
to regulate emotions in doing forex trading is to use a good money management, so if losing is not too risky, but if you win then you will more have more profit in your trading, constantly do not forget to always discipline in trading
dimasfx
2013-01-16, 05:56 PM
Greetings bro. I am still new in this Forex. I also still difficult to control emotions. But I have some tips to be able to control your emotions in Forex. In my opinion, if we were to stop for a moment our emotions in Forex trading. Calm your mind to go on vacation to places of nature. Hopefully with this you can control your emotions in Forex. Thank you.
sugihbondo
2013-01-16, 06:18 PM
I feel the hardest thing is how to control your emotions. until now I have not yet mastered, I've been trading for 1 year but I have not been able to control the emotions well. there are still many shortcomings that I have.
rabby00
2013-01-16, 06:29 PM
Forex is a good job. 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. Best of luck.
selena
2013-01-16, 06:32 PM
actually rules cant controling our emotion, this is from my experience. i have rules in my trading, but i still trade with emotion. i think which can we do to control our emotion is dont see the chart too much
pbelim
2013-01-16, 07:55 PM
There is no trading strategy, supposing only guess-guess it. but over time will change. Usually occurs in traders that there is no alias mentor taught himself to read here and if not already open position then we have to focus on the charts and indicators..,
fxmoney
2013-01-16, 07:59 PM
If i really want to control my emotion then i have to trade with low risk and before taking the trade in the market i have to properly analyse the situation in the market so that i can take the trade in the proper direction to make good profit from it.
ajit rawat
2013-01-16, 08:05 PM
well there must be rules for controlling emotions, i also have some like considering small profits, not always going for big profits, using trading tools like take profit and stop loss , not panicking when loss gets bigger but think to reduce the loss and convert in into profits..
onomowam
2013-01-16, 08:18 PM
For me I set my own trading rules to following and I disciplined to myself well so that I only follow my rules and nothing else. It is so hardest to do at firstly because I got an the illness of doing repetitives mistakes but thanks God I was able to make things easier for my trading account nowadays !!
First you ahev to chose what you want to trade that is the pair of currency or the commodity that you would like to tarde then kmow how the new or the reactin when new come out that are realated to what you are trading.....plus you have to het used to tradin
pisang
2013-01-16, 08:25 PM
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Hansip
2013-01-16, 08:29 PM
For me I set my own trading rules to following and I disciplined to myself well so that I only follow my rules and nothing else. It is so hardest to do at firstly because I got an the illness of doing repetitives mistakes but thanks God I was able to make things easier for my trading account nowadays !!
emotion is the part of human body so no body can move without it but in Forex trading if you want to be successful in trading then he needs to control his unnecessary emotion moreover one needs to control greediness if he other ways he may lose all of his capital so controlling emotion is very essential to be successful in Forex trading.
barshu naat badbole
2013-01-16, 08:51 PM
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:
dear your rules is very best and you have make very use full thread but i share with you one thing that from every thing learning is very must and we can work here if we know learning is very important for earning
Denbyd
2013-01-16, 09:22 PM
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.
fxtrader420
2013-01-16, 09:31 PM
Currency exchange trading is a very important and extremely important to control our emotions, must be kept in the trade. Strong emotions can cause great harm and damage to delicate emotions.
asingh601
2013-01-16, 09:35 PM
emotions ko control karne ke kai trike hain aap khud ka bhi ek tarika bana sakte hain main to apne emotions ko control karne tv dekhta hun khas kar cartoons ya fir net pe surfing ya fir youtube pe koi pasndida serial ka episode ye sab mere emotion ko 0 kar dete hain.
usmankik786
2013-01-16, 09:41 PM
mery khayl me saber aur control of emoption is veryin intrading to trading me kaamyaab hoony k liye saber aur emotion ko control karna chahye aur apny seniour se layzan karna chaye aur us ka sahara ly k seekhna chahye
dharampal
2013-01-16, 10:03 PM
emotion is part of life . forex me iss ke karan hume kafi bar looss uthna padta hoh kabhi profit hota but forex online bussiness jisme up down hote hai . forex me risk hai isliye appko emotion ko control karna padta hai hume trading pratically karni padta hai.
Ahsang
2013-01-16, 10:20 PM
in this business it is very difficult thing to control our emotion because every person have the emotion but we save if we are never make the greed in our mind and we are never change our plan and you know this thing it is very risky business so here we never make any emotion if we want to make the successful in this business
sahuri
2013-01-16, 11:00 PM
I sometimes even their own emotions as a matter beyond forex, whether it could have an impact on our trading if we do open position? because he forex turnover should not be emotional?
vaibhav thakur
2013-01-16, 11:36 PM
well all the points you have mentioned are genral and easy to come with, but i dont understand how setting 5pips sl woul help in controlling emotions i dont think this thing would actually work.
Rizwan
2013-01-16, 11:57 PM
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:
yeh bat to jhoot hai kay koi yeh kahy kay main apna aik target bnata hoon agr target achive ho jaye to main usi waqat trade chor deta hoon..target set krna aur achive kerna bht kamyabi hai lekin yeh kamyabi hazam nae hoti
neamul
2013-01-17, 12:47 AM
When you get the money to wait for Bit think is best for this. A waste of money to go back to the first reaction is always greater than the commercial, so we take the risk and just free too. For this reason, lift your head and need a break to relax and concentrate. I did more than the weakening of trade, at least 3 bar (45 min) This is why there is a rule that is not so.
kanan
2013-01-17, 12:44 PM
Look at feelings inside Foreign currency trading is critical along with we need to keep that as well, it can be of the highest magnitude if all of us bought and sold. Sturdy feelings reasons major harm along with weak feelings reasons harm.
abi.dali
2013-01-17, 01:16 PM
This kind of subject helps you take care of your inner thoughts. To be able to bring in a really robust Currency trading inner thoughts. Substantial liquidity is one of the reasons for them. Nevertheless sentiment would be the foe. Genuinely declare that thoughts are certainly not feasible in order to confirm the last. But for good results. Beneficial instruction in addition to practical knowledge, take a look at this particular foe. The ideal time frame of the thoughts created better results. Nonetheless it can make everyone lose the moment. And so I've got to have an appropriate location.
kalam06
2013-01-17, 01:27 PM
Emotion is the different types of human habituation. In every work has some side effete.In the same way emotion is this like of that.You have to control in the forex trading time.Otherwise you may fall in loss.
kazim
2013-01-17, 01:28 PM
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 dear ap na kafi ahci or best post share ke ha kas kar newbie traders ka laya joo tader trading maine jada sa jada learning karta ha or trading maiene apna emotion ko control karta ha wo trading maine successful earning karta ha best ha wo trader joo trading maine apna emotion ko control karta ha.
sohag sohan
2013-01-17, 01:29 PM
Every Forex Trader's need for emotional control rules. I agree with you that people will be able to control your emotions from the forex succeed. But I believe that sometimes it can be difficult to control your emotions become. If you go away from it, then the problem will be created for you. Control your emotions so straightforward as possible.
rilmo
2013-01-17, 02:42 PM
I feel the hardest thing is how to control your emotions. until now I have not yet mastered, I've been trading for 1 year but I have not been able to control the emotions well. there are still many shortcomings that I have.
your problem same with me guys.. hihihi.. that is newbie like syndrome that we usually face the emotions problem. but i have solution about that, now i usually set TP and SL for trading.
sracer86
2013-01-17, 03:41 PM
As a human,I could not remove my emotions.But all the times I try to fully control my emotions and for that I take some meditation sometimes which are working little bit.When I can't control my emotions,I stay away of trading because I know very well that trading with emotions may be dangerous for my trades.
ayrinakther
2013-01-18, 01:38 AM
This kind of subject makes it possible to take care of ones thoughts. To help attract an incredibly powerful Forex thoughts. Excessive liquidity is one of the reasons for them. Although experience will be the opposing forces. Sixth v.
DontBannedMe
2013-01-18, 01:42 AM
Emotions are arduous to require care of once we have a tendency to started obtaining plenty of minuses we've got a bent to lose additional and additional management to try to to things that aren't as safe as against the market. Recently reduced bolstered piles drawback it slow for megacycle. this might be proof of dangerous if we've got a bent to urge a sensation of enjoyment.
La Libert
2013-01-18, 02:03 AM
Hello 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.
hassan347
2013-01-18, 03:13 AM
Of course I think it 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. Good Luck
newjobatlast
2013-01-18, 03:20 AM
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:
thank you for this great post, i've to modify it to fit into my kind of person so as to be able to become refined and more professional/organized.
asaecerr
2013-01-18, 03:21 AM
The COntrolling emotion in trading is easy to say,but hard to do..we can only control our emotion,if we are calmes and already used to it..And thee way How to controled ours emotions is to set a small size of lot..so our minds doesnt feel too stressed really !!
andi_lan
2013-01-18, 04:23 AM
perform such a transaction before it is considered need psychology, psychology bad when the analysis will be difficult and the level of accuracy for a profit ketch, but if psychology is good then able to focus and be good in analyzing.
perform such a transaction before it is considered need psychology, psychology bad when the analysis will be difficult and the level of accuracy for a profit ketch, but if psychology is good then able to focus and be good in analyzing.
As trader think the risk is nearly equal to but not just profit forex profit just like gambling and the forex market is a definite need and risk analysis are also often lucky if ya do not lose
Jatal
2013-01-18, 05:05 AM
This posting is very useful and helpful for beginners, so everyone follow those rules and practice them I think he will earn, but don't forget other thing which is equal to control emotion, is manage money, so its most important, and you must follow the rules about it for get a good resullts.
naufal
2013-01-18, 05:38 AM
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:kaontrol emotion is very important because if you do not do kontroling emotions then you will not get the benefits you will experience with even the name of destruction
caesa
2013-01-18, 06:50 AM
perform such a transaction before it is considered need psychology, psychology bad when the analysis will be difficult and the level of accuracy for a profit ketch, but if psychology is good then able to focus and be good in analyzing.
yeahh, so its important to trade when our emotion in stable, not in hurry. if we are not in a good mood, its better if we dont trade because our emotion will affect much in our trading
eng.adham
2013-01-18, 07:40 AM
for me , i think that the best way to control my emotions during trading is to set a stop loss and a target profits limits according to my analysis .
fxkamal00
2013-01-18, 10:39 AM
forex is a risky but profit.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.nice job............................
jashim
2013-01-18, 11:50 AM
You will discover great deal of great things about foreign currency trading this can be a buying and selling where just about every dealer find out a lot have more understanding and also provide a debate place among unique merchants in this way in addition, it presents great deal of income.
pavais
2013-01-18, 07:35 PM
I actually trading rule some point ... but the important point is .. when i must outgoing from a position when the market either plus any mines
muhammad danish
2013-01-18, 07:57 PM
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.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.
AlfatTrader
2013-01-18, 08:12 PM
out to management our emotions in forex exchange trading is incredibly necessary so we should keep it at utmost importance whereas we trade. robust emotions leads out to high losses and weak emotions leads out to losses......
mdrafi
2013-01-18, 08:16 PM
In forex emotion attract very strongly .High liquidity is one cause of it.Patiently waiting does not mean resignation but work hard and strive to enhance our ability to both improve the technical capabilities .
saosau
2013-01-18, 08:59 PM
I think the demo is very useful ... feelings is one of the important issues because the loss started many new traders special their money in foreign exchange transactions market
tahmid.mother
2013-01-18, 09:07 PM
According to me, controlling emotion is the most important subject in forex trading. but how can you control your emotion, i think practice is the main power to control emotion because practice makes a man perfect. by practicing you can control your emotion once upon a time.
abdellatif2013
2013-01-18, 09:11 PM
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 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.
thank you for giving feedback or to share your own experiences to this forum, to be honest the biggest obstacle when I do taransaksi is emotional control is not good, I think it would be very help therad in forex transactions
mahbubur
2013-01-19, 05:02 PM
it's really good to hear that u can control ur emotions using ur rules and technique .but i believe when we are so much experience in this field then we can automatically control our emotions .yes if we practicing to control of our trad and trading volume then we can also control that
mahmoudhemo
2013-01-19, 05:13 PM
you put top loss only 5 pips ? are you kidding me? of course you will loss your capital in few days .you should make stop loss 15 pips at least if you want to continue in this business . and a;so chart on 15 minutes is bullshit .i don`t love scalping , it is risky and you cannot control in your emotion
I dont possess any unscheduled stipulated confine for controlling emotions..... meet that when i couple the number to actually loss if my analysis goes injustice, i property outdo, therefore i administer halt loss to actually discipline my emotions.
oshaam786
2013-01-19, 05:32 PM
The following is the rule of mine to control emotion:
When i can't understand the market i leave the market.
when i sit on the market i make my target on my mind.
torunali
2013-01-19, 05:41 PM
Nevertheless I usually merely open investments to have 10-15 pips. So what on earth think my own s/l should be then, with regards to 10 pips? Bring about of course it offers occurred before which there seemed to be the raise as well as My spouse and i lost my own investment decision but then the item dived back nevertheless is in reality extraordinary, a minimum of My spouse and i will not find it very often.. Well schooling as well as encounter can management that enemy. Greatest time Feelings create accomplishment. However, many of their time the item create me loss. So need to have established our situation within a at ease situation.Self-discipline furthermore a different reason for preventing feeling....
newjobatlast
2013-01-19, 05:51 PM
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.
I think this point you made here really made alot of senses to those who truly want to stop making losses, i would start incorporating it into my trading dos and don't. i normally use 1 hour time frame, that means if i have 2 trades at a go, i will not trade for the next 4 hours.
mehadi00
2013-01-19, 05:56 PM
i think that forex is the better job in the world.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.better job..........................
asif_uz
2013-01-19, 05:58 PM
In Forex trading market you must control your emotions, So that you can service much longer then before and that help you to protract your capital. Emotions create very much unused problem that you can not effort any way, So that controlling emotions is the basic rules of Forex.
vaibhav thakur
2013-01-19, 06:34 PM
all your points are accpetable but except the second one i mean its good to increase your you lot size it you think it surely to fvour you, and if you wait that it will go far than its risky. so this is not acceptble to me.
torunali
2013-01-19, 07:03 PM
To control our own inner thoughts inside foreign exchange trade buying and selling is vital as well as we have to maintain the idea on highest relevance while many of us deal. Strong inner thoughts results in high failures as well as fragile inner thoughts results in failures. Well education and learning as well as experience can manage this specific foe. Greatest time Emotion produce accomplishment. But some of your energy the idea produce me personally loss. Thus need established our own place in a very secure place. Discipline furthermore another source of curbing sentiment.
---------- Post added at 01:33 PM ---------- Previous post was at 01:05 PM ----------
To regulate the feelings inside Currency trading exchange dealing is vital along with we must maintain the idea from greatest relevance whilst we trade. Powerful feelings brings about substantial cutbacks along with vulnerable feelings brings about cutbacks. Effectively training along with encounter could control this specific adversary. Optimum moment Experience make accomplishment. But some of your energy the idea make myself loser. Thus will need arranged the placement in a comfy placement. Self-control also yet another source of preventing experience.
To change the feeling of the whole fx Exchange Exchange is important, and we have a very important subject, even though many of us in the industry. That is why my collection, which is handy.
Another reason to control administrative experience.
muksin
2013-01-19, 07:28 PM
waw that all is realy awe some rules man. i have to properly analyse the situation in the market so that i can take the trade in the proper direction to make good profit from it. If i really want to control my emotion then i have to trade with low risk and before taking the trade in the market
Indofx
2013-01-20, 08:15 PM
waw that all is realy awe some rules man. i have to properly analyse the situation in the market so that i can take the trade in the proper direction to make good profit from it. If i really want to control my emotion then i have to trade with low risk and before taking the trade in the market
Trader have to control emotion to become a successful trader . Trader need to follow the market . Trader need to make analysis and trader have to trade using his analysis .If you can understand the market then you can make money .
kukuruyuk
2013-01-21, 05:44 PM
rules I like this not 10 pips also will be released as dear and hard in search
principle there should be no word in the statement and minuses that I had let more confident
fxnila
2013-01-21, 09:45 PM
thanks for your statement. yes......... i think emotion is very important think for forex traders. in my personal opinion... if you can control your emotion i am sure you will be success from forex trading.
fxindia
2013-01-22, 01:23 AM
Emotion plays an important role in forex trading. And a good trader has a capability to control his emotion when he trades. Controlling emotion is like a trading power for a trader. A trader should always remember that anything can happen in forex. So the forex trader should make his emotion prepare for any situation.
33ngarit_pips
2013-01-22, 01:26 AM
we would be great if the trader can control your emotions in trading, control your emotions when trading is very difficult to do konsistent and proven many traders suffered huge losses because of his own emotions, we need to know when trading greatest enemy is ourselves .
safafx
2013-01-22, 01:42 AM
I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips?
wow.. if you want to take profit about 10-15 pips you must using good Money Management for handle your account, for my self i make it about 1:3, in this case if you want to make profit about 10 pips better you should be set SL about 30 pips.
embrio
2013-01-22, 02:00 AM
we would be great if the trader can control your emotions in trading, control your emotions when trading is very difficult to do konsistent and proven many traders suffered huge losses because of his own emotions, we need to know when trading greatest enemy is ourselves .
yes you are right,very difficult to control our emotion,so we must train for control our emotion with consistent if we want to have a good control our emotion and our greed,because the greatest enemy forex trader is emotion and greed.
fst2012
2013-01-22, 02:06 AM
When you are already in loss,what you need to do is to cool down for a moment and find out the causes of your loss because if you continue trading with that your emotions by using high lots sizes you will get yourself into more troubles.
alexisalen12
2013-01-22, 02:09 AM
It is excellent to know that you have been very regimented with every individual business that you create in Foreign exchange industry. By being regimented, we can create sure that we get benefit and we will be able to endure as well.
kiataba
2013-01-22, 02:22 AM
actually when I'm emotional in the forex market or before start trading in one day, I prefer not to trade in that situation, but sometimes when we are trading suddenly we get angry or whatever and we cannot control ourselves so that I think this time we need to just rest for 2 minutes and try to recover our mind and then try to manage our works and get out of our all positions.
beautifulrose
2013-01-22, 02:24 AM
Your rules for controlling the emotions are very tough and We proud to you that you are doing this hard work in your forex business. Everybody has its own trading style to control their emotions in forex business. Forex really needs to avoid the emotions for success.
psamehdaw
2013-01-22, 02:25 AM
I can say that should serve as the rules also the trading hours, as I was trading only about a 2 hours, whatever the result it received with sinceres, if it had been a 2 hours already completed and started activities as usual, with family, relatives and friends really !
malkoumx
2013-01-22, 03:07 AM
Excellent plan, my friend, to control your feelings, because most forex traders fall victim to their emotions and feelings which Tdfm losses, Valtgm emotions is Brightening success in Forex.
abiodun
2013-01-22, 03:46 AM
alright thanks very much for your time taken to share this strategy i know this will really help go a very long way in the forum and in case i need more question i shall get back to the room thanks for sharing
adnan_aziz
2013-01-22, 05:58 AM
sir ap kay ye points useful tou hain lekin mere khayal se her aik trader ka apna apna andaz hota hai aur mai aksar 1 trade hi lene ki koshish karta hon aik pair ki aur stop loss aur take profit ko bhi use karta hon kuch signals ki help bhi leta hon.
Sunilfx
2013-01-22, 06:33 AM
I guess your trading rule has been good. But that must be considered is the emotion after the loss.
One way is to use a lot and stoploss point that you can receive
sukuku
2013-01-22, 06:43 AM
It is the best when we will make our trade conditions must be consistent with all our body fresh, not sick, and our spycology also good, no matter the outside,can from our families, and our work outside, after everythink is ok, wecan started to make the trade without emotion.
pyardilforex
2013-01-22, 06:46 AM
yes, I really like by you do to control to your emotion while trade, this will can be one guidance which nicely to beginer any other, I please more and more beginer what do will read and imitates your trick do emotion control while trade
sirofx
2013-01-22, 06:46 AM
the most important thing in trading is how a trader could control himself from nature we should be able to eliminate particularly greedy and emotion that we should be able to control
kakoli-1
2013-01-22, 06:50 AM
Forex is a good currency business.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.thanks...................................... .......................:(
brian
2013-01-22, 08:52 AM
i dont use any rules to control my emotion, except trade with small lot in every trade. for me, this way to trade really effective to makes me able to control my emotion, because i dont get fear to get much loss if i trade with small lot
kashifkhan
2013-01-22, 09:19 AM
Your comments are very good about your rules for controlling emotions. It is a natural thing that emotions interrupted the trade . Every trader has different problems to control emotions and they have find different ways to control emotions.In trading the controlling of emotions is a basic need of getting profit in a trade.
afreen.imran
2013-01-22, 10:18 AM
app ki bat kafi had tak thek hai maslan jab ham ko ek trade profit deti hai 5 ya 10 $ to ham ko chen nahi ata ham koshish kartyhain k itny aur kama le wahin par ham galti karty hain q k pehly ham ne info k zariy otny kama lie ab wo info nahi rahi aur ham trade laga dete hain jo ham ko loss deti hain
newjobatlast
2013-01-22, 10:24 AM
I guess your trading rule has been good. But that must be considered is the emotion after the loss.
One way is to use a lot and stoploss point that you can receive
Our emotion before a trade is one thing to consider, then our emotion during the trade is also another thing to consider and lastly, our emotion after a trade is won or lost. these 3 scenario must be analyze to see if we're not taking most of our decisions on a skewed mindset.
mahamudul
2013-01-22, 10:24 AM
i think that we can control our emotion by using the take profit process in forex market. because take profit is only way to control our emotion on trading in forex market and 6% take profit is good for trading to make money in forex online trading business.
ubonto
2013-01-22, 10:29 AM
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.
md.jaynal
2013-01-22, 10:31 AM
In forex trading you have to must control your emotion because emotion is big barriers in forex market. If you never control your emotion then you will never gain in forex market. You have to your own rule to control your emotion.
newjobatlast
2013-01-22, 10:33 AM
i think that we can control our emotion by using the take profit process in forex market. because take profit is only way to control our emotion on trading in forex market and 6% take profit is good for trading to make money in forex online trading business.
How can you say take profit is the only way to control your emotion? what kind of statement is that? what about stop loss? what about trailing stop? what about pending buy and pending sell? what about hedging? what about not trading at all? we should mind what we type here.
montana
2013-01-22, 10:53 AM
this is a good way to start trading on this plan it is important to define the amount that yo are ready to lose it and the target you want to reach but i think the 5 pips stop loss is too small and you will hit it may time fast for me it is not obligation to take a rest because i am completely in good situation even lose because i expect this point.
kucingk55
2013-01-22, 10:55 AM
yes, every traders should control their emotion during trading. I believe that bad emotion trade lead to more mistake in trading which can lead to the big loss in trading
kaushal4
2013-01-22, 11:01 AM
I have to take my own decision for good trading beside good news. A trade is one thing to consider then our emotion during the trade is also another thing to consider and lastly our emotion after a trade is won or lost. You need to also try to reflect on your previous losing trades with the aim of trying to avoid the same mistake from happening again or minimizing the loss.
maxlon
2013-01-22, 11:03 AM
That theme may enable you to cope with experience. Inside Forex experience appeal to quite definitely. Considerable liquidity is really a particular reason for that. Although experience can be quite a opposition forces. Totally point out by which experience difficult to manage sooner or later. Although will be needing difficulty concerning success. Properly learning together with experience can certainly cope with this excellent opposition forces. Greatest instant Emotions generate success. However, lots of power that generate people loss. And so will be needing recognized our personal placement in the secure placement.
Self-control additionally a different reason for curbing experience.
tania.sultana117
2013-01-22, 11:05 AM
all of us know that there is no place for emotion in Forex trading and you will need careful very much about the trading it some time happen that you may fail somne tiem but then you should not be exited and make yourself cool and then move to the next trading.
bakul
2013-01-22, 11:09 AM
Gives us a very valuable commodity if you change took party with us, your own Forex trading ideas, it is important to manage. The idea will lead to higher deficits and deficits of budget reduction effective ideas. So it is firing varieties.
sahuri
2013-01-23, 02:11 PM
my rules, the risk must be controlled ...
risk if already out of control, s'top first silent ... rather than getting worse
if already prepared, came back for revenge ...
RealJumper
2013-01-23, 02:16 PM
I think the rules are very good and every trader should take this tips and apply it in their trading to control their emotion as the emotion will always prevent the trader from the trading the forex with discipline and thus spoil your habit.
ningnong
2013-01-23, 07:21 PM
the best thanks to management feeling on behalf of me is to demo mercantilism you strategy and see however effective it's on demo account, thus you may solely be mercantilism on paper currency not real however it'll provide you with the sensation of mercantilism a live account....
nhatban
2013-01-23, 09:36 PM
I'm having the same problem that I beat most of them financial Subscribe production and economic system of the country and the world ... Need to pay attention to a lot of research and financial publications and the government agree with you your element. ... One has to start processing when we have to keep the emotional guidance.
alexisalen12
2013-01-23, 09:41 PM
All your guidelines are all good to business the currency dealing by managing your feelings,i will also implement this in my currency dealing because feelings is the problem many investor experience in the currency dealing market.
ismal
2013-01-23, 10:04 PM
create a business without feelings and can create our business is difficult to sketch his for me to create a unsuccessful until now when it comes feelings resources can create a blunder when you start a place that did not profit.
manikmiah
2013-01-23, 10:29 PM
Yet I simply start trades to have 10-15 pips. So what on earth do you think the s/l ought to be and then, regarding 10 pips? Result in without a doubt they have occurred ahead of of which there is any raise and also We lost the investement however the item jumped right back nevertheless is in fact exceptional, no less than We never notice very often. Highest occasion Experience produce achievement. But some of your time the item produce us loss. Consequently need established the place within a comfy place.Discipline additionally an additional reason for controlling feeling.
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