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emotions square measure the enemies of Forex trading.You should treat them as you're treating along with your enemies.I means that to mention,when you square measure feeling some emotional issues like feeling worry or the rest,you should avoid trading at that point.. we've perceive|to grasp and understand that Greed is that the main issue accountable for the loss within the Forex.
HI Guys,whether you 've realized that the real enemy in this business is yourself. to be successful you should be able to control yourself. including controlling the emotions, the nature of greed and fear nature.This feeling is very negative, instead we should treat ourselves as among the best and develop a positive attitude. Remember every success begins from our thoughts so a positive frame of mind is a necessity to succeed.
the main thing here that we have to contol ourselves from emotion, and there is no enemy here..we just do not know how to control the emotion with good and now it is just theory no action, so there are many traders still got the loses.
trading with the cool mind is the good way but profit goes to loss side,frustration controls the mind and other orders are also gone in loss.too much over confidence cannot help us always.we should not wait for getting too much profit(greed) and it leads to huge loss.we must be careful in entering lot sizes.
forex have a level of loss and is for that's what the stop loss, stop loss serves to limit our losses while playing the forex and should be able to keep emotions at a loss if you need a short break to cool down
yes our self is the main enemy because we use to had opnion,emotion such fear and greed,hesitate and so on,and in this business we must be able to avoid those emotion get involved in our trading to get a best result of our decisions.
I agree with you that actually we can not totally control our selves from being bad sometimes, this is our nature as human. But, actually, we can manage our account and our trades well without any hard involving from our mind and emotion by practice and gain more experiences each times we run a trade. Be dicipline is another easy key for that purpose.Quote:
Originally Posted by abnoman
I completely agree with you and with the thread starter. there's no bigger enemy in forex than ourselves. but we can minimise the risk. and we can also keep on improving ourselves so that we will become even better as time passess. nothing is impossible in this world. but we have to work hard towwards our dream.Quote:
Originally Posted by truegoa
The main enemy of a trader is to temper, if we as traders are able to control ourselves in the ongoing trade and our emotions are also stable, then we can be successful in this trade, so that any problems that arise will be facing us in a transparent
great think my friend. i agree with you. we can't make profit every time in trading business. we should not loss heart. we have to go ahead to gain the goal of profit.
First of all, I don't understand, why people keep repeating the same stuff again and again. It's already understood and its also a rule of life. IF you want to be successful, just keep your emotions away and apply logic before taking actions. Trading is not done with emotions. Its all wit and analysis.