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I think, to be able to act properly in a given situation, we must first master the situation. because we control the situation, it will allow us to take the best decision for us. so it is important that we are always able to take the best decision, is that we must have a lot of experience in dealing with such situations. because of our experience, it will make us more familiar with the situation.
By willing it. There's nothing can change you but yourself. That goes for everybody. Only you can change yourself.
yes ,patiently skill are important to control the emotion due trade i forex tradingto consistanly profit in forex trading you should learning your patient to balancing your emotion .
I always try to open a position at the right moment, then move the stoploss to the position of SL +1. this way I can trade forex without the emotional baggage that is too high.
for me things I need to improve in trading is changing our system. learn more in analyzing the price. sharing with many friends who have experienced. not too much OP (open price), which is important enough for daily income.
for my self if i face bad situation, and my trading in loss positions i will look several time, if this worse, i will close or make hedging to recude my loss in trading.Quote:
Originally Posted by realfun07
In this market, each trade consists of two currencies. The most common currencies for these trades include the Japanese yen, the British pound, the Euro, and the US dollar. For example, you might sell US dollars in order to purchase Japanese yen in a single trade transaction. Forex trades now involve over $4 trillion a day.
When dealing, I try not to desire. I concentrate on the graph, and do not think the benefit or reduction. I tried to business without feelings, and tried to reduce the worry. I'm dealing in couples that I know.
good morning to all forex trading members
A trader should be relaxed and patient and should always try to control his emotions and must be prepared for every situation and should be able to react accordingly.A good trading discipline and positive frame of mind will enable a trader to be prepared and react in every kind of situation or the markets.
Practice is very much important when you have to deal with such situations. so try to trade on the demo account then you can easily deal with bad situation on your real account. so try to trade on such situation on the demo account.