The main way to control the emotions is to take only one trade pre day and set a fixed stop loss and a fixed take profit, by this way you will not open many trades and lose your account
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The main way to control the emotions is to take only one trade pre day and set a fixed stop loss and a fixed take profit, by this way you will not open many trades and lose your account
I wanna share the important things this given below
1.maintain the discipline
2.money making management plan.
Management control your emotions and money are two things that are very important in forex trading as if it could run properly then they will get profit in forex by konsistent and of course it takes practice to be able to run both well
I also learnt some important things after blown up my account.
1) Dont be greedy
2) You have to accept loss for gain more.
3) Before place an order analyze with cool head & think about risk.
4) Open only one trade at a time with low volume if balance is small.
true that you distribute it sir, of course advice you give is very helpful when we can use in our live trading every day, I think a lot of traders have to understand the advice you give, I will try to as much as you, thank youQuote:
Originally Posted by orion
boss ahci or best trading kanra ka laya mara kahala sa ak to ap ko trading main boht zada knowledge ho us ka bad no2 ap ka account main boht zada balance ho to ap boht he ahci or best trading kar sakta ho esi waja s main trading main zada sa zada knowledge earned kanr rha hon.Quote:
Originally Posted by niks
avaritia and dread is also a big job for forex traders who do commercialism because the greedy rein instrument be a lot of strategies and systems utilized faculty oftentimes be violated so that the reasoning which is in conformism with the strategy will be obliterated and not in giving with the analyzed sedangnkan veneration is unremarkably due to steady individual failed so not confident in analyzing toll movements that ofttimes represent traders became indecisive.
The best two things i have learnt from Forex are are emotion controlling and risk management.I have been able to control my emotion.Now i trade thinking more and understanding the market trend.I perform both technical and fundamental analysis before opening a trade.I open a few positions and use small lot size to reduce the chance of risk.I make profit consistently following this approach.
Never assume anything on the market. Put the facts on the table and aply one after the other. This will help you to keep up with trends in the trade. Also see the best indicator and to aplly it. Never gues anything in forex, t means that the traders have a trouble with their system and then they should fix or updates it and because the character of market always changes time by time
risk management is very important and very needed in forex trading. emotional support is also very influential in our success in trading. two things go together and are inseparable from good trading plan. many people say that a successful trader is a trader who can control his emotions.