Very well said bro. With a good strategy we should not be worried about emotional trading as there is no place for emotional trading when discipline is there in all our trades.
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I think the human emotions are reasonable, but in forex you should be able to control if you can not possibly be frequent loss and MC. learn gradually as included in the psychology of trading. :peace:Quote:
Very well said bro. With a good strategy we should not be worried about emotional trading as there is no place for emotional trading when discipline is there in all our trades.
I think it is impossible to keep our emotions away from our trade. We need emotions to run good trade. Without emotions, our trade will not be lively. There will not be competition. But over emotions are worthless. It will only prevent us from making perfect trade and leading us to the loss. The only way to keep our emotions away is perfect forex plan before making the trade.
Then we can divide the emotions like good emotions and bad one.
Good emotions like confidence in analysis, motivation are really good and contribute in a positive sense to the trading.
Greed, fear and tension etc are really not good for the trader which make the trading like gambling.
To cure emotional trading we need to be calm and patient and have a disciplined approach towards the trade.Also we need to study and analyze properly and then place Stop loss and take profits to control our emotions.
emotionally we cant take the decision on opening the trade or closing the trade . emotional feelings are just inner feelings which only creates what your mind dreams about it . we must not act for it the only way of curing this emotional trading is we not have to take such illusion in mind that trend will change right now .trend will change right now .. ? i say this is just a lie in your mind so better trade on fact and figures and always ready to accept in trading either it is loss or profit but never loss hope :)
emotional trading can be cure if first we realize that trading is risky so put money that we will ok it its loss. then follow exactly the trading plan that we already make.
emotions pe conmtrol karne kel iye aapko trading ka experience hona bahut zaruri hai
jaise jaise ap trading world me experience gain karte jayenge..aapko samjh me aata ajyega ki emotions ki waja hse aapko kitna loss ho sakta hai
iske alawa human being ka emotions p[e poora control paa lene ka aiur koi bhi zariya nahi hai