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Emotional Forex trade
Do not trade using your Emotion if any trader do that he will lose his money and this is true. The key to making money in the currency exchange market is to avoid emotional decisions and to follow a carefully thought out strategy that takes the current market and history into account. Going with your gut is not the way to go in the Forex market. Going with your gut could cost you money. Forex trading is a highly volatile market where emotions tend to run high. Emotions can influence your trading decisions, unless you have a strategy planned in advance, and stick to it, no matter what you think you're seeing at the moment. The keys to success in Forex are system, analysis and perseverance.
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it is mandatory to control emotion during trading. because anyone can lose his money if they are emotional. being emotional, they can not trade well. besides greed is also responsible for the losing of money.
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This problem facing many we know that emotion causing massive loss, So but if you want to get success. Firstly We have problem with our system analysis. Than we get this problem.It is psycologi. It fase normal in Forex.
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to be a best trader in forex one should have a proper money management rule and follow it strictly.Patience and concentration is most necessary.one should never allow greed to over come.If greed enters mind,a forex trader will be a loser.
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I think that emotional forex trading is always bad and most of the cases we become loser so when we make trade, at that time we should remember it is a risky business and it is operated by computer so no "emotion"
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emotions will provide a huge influence on our trading journey, even if we have a good strategy and money management is good if you can not manage the emotions then the result will be the same
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I think that emotion is not a good sign for a trader. If you trade with your emotion then you can not earn a lot form forex .Because when you trade with emotion then you cannot take the right decision and you would lose in forex.That's why I think you have to control your emotion when you trade in forex.
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Dear friend if we want to earn more profit from the Forex trading then we must be patient and need concentration in our trading and we must control our emotions because emotional trading we can not take right decision and it may cause of bearing loss in Forex trading so we must control our emotions while trading.
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yes forex trading ma emtion ka bohat bara ha hai agar humapne emtion ko control kare ga to hum achi income kama skta hai aur agar hum emtion ko na cotronl kar skte to haram loos hai.
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I think there isn't any position for emotion in this forex business.many new trader loss their capital because when they trade in forex they trade with their emotion.when they see that they are in profit,then they start trade with big lot.and I think this the reason of their loss.