My rule to control the emotions are: every transaction I always put up a stop loss and take profit. Risk and reward ratio is 1: 2 after it shut down the computer
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), Golobutt (2019-09-18), jamshed.riaz97 (2018-04-22), ntn (2019-09-03), sajawal1 (2018-04-21), Sehrish Shahid (2018-02-17), Shahid78 (2019-02-15)
I think the best thing to do when we loose money is to wait abit. Because the first reaction to loosing money is always to trade more to get it back, so you take too much risk and just loose more. Therefore you need to take a break to clear your head and come back concentrated and relax. That's why I have a rule of not trading at least 3 bars (45 mins) after I make more than 1 loosing trade.i am a newbie...
i want to ask how do we control our emotion if we loss too much money when trading??
if we use demo account, it's ok, no problem, because it's not real money...
if we use real account and loss our money... we can be stressed... and then ??
how can we keep our spirit in trading and not stressed too long ??
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
that right master,if we want to succeed in forex trading key is discipline, discipline in running the trading rules we have created yourself, because sometimes we set the rules of trading, but no discipline in the run so that the result does not correspond with what we expect.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), Golobutt (2019-09-18), ntn (2019-09-03)
This topic will help to control emotion. In Forex emotion attract very strongly. High liquidity is one cause of it. But emotion is a enemy. Truly say that emotion not possible to control finally. But need limitation for success. Well education and experience can control this enemy. Maximum time Emotion make success. But some of time it make me loser. So need set our position in a comfortable position.
Discipline also another cause of controlling emotion.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), ntn (2019-09-03), Sehrish Shahid (2018-02-17), Shahid78 (2019-02-15)
To control our emotions in forex exchange trading is very important and we must keep it at utmost importance while we trade. Strong emotions leads to high losses and weak emotions leads to losses.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), ntn (2019-09-03), Sehrish Shahid (2018-02-17), zahidkhan3838 (2013-05-07)
Start trading when we must keep to the rules for emotions
Listen to a lot of analysis and periodicals economic and political
I agree with you in this your points and I'm having the same problems as you, but I beat most of them by
Follow-up economic releases and the national economy and global passion and love of making an impact on my love and not to stop trading
Listen to the lessons of human development, which motivates me to continue and follow-up transactions created by
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), ntn (2019-09-03), Sehrish Shahid (2018-02-17), Shahid78 (2019-02-15)
But I usually only open trades to get 10-15 pips. So what do you think my s/l should be then, about 10 pips? Cause yes it has happened before that there was a spike and I lost my investement but then it jumped right back but it's actually rare, at least I don't see it very often.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), mehro (2019-02-10), Sehrish Shahid (2018-02-17), Shahid78 (2019-02-15)
3. I will alway put a top loss 5 pips under my entry point. <--- you have to think also that in the fx market, we are not alone, we fight another trader in opposition to us, we are also against the dealer who reads the position where we are in place the stop loss. Its too tight, susti
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
abdelkrim (2019-01-08), Aonkhan532 (2019-05-30), Sehrish Shahid (2018-02-17)
Hi guys, recently I have had trouble controlling my emotions while trading and lost all of my profits due to error in judgement. I become overconfident or trade higher volumes to cover my losses so I made myself a set of rules to control my emotions. I would like to know what you think about them, and would appreciate any advice you can give. I have read the other topics concerning this on this forum and think I learned abit from it. Keep in mind that I do scalping.<br />
<br />
1. When I start trading I decide on how much I want to win and how much I am willing to loose in terms of pips. When I reach my goal or I loose too much I will stop trading for at least a couple of hours.<br />
<br />
2. I will make all my trades with the same lot size, regardless of how strong I feel the signal is. Instead I will keep the trade open longer if I feel I can win more.<br />
<br />
3. I will alway put a top loss 5 pips under my entry point.<br />
<br />
4. After 3 of my trades in a row result in losses I will stop trading for at least 4 bars on the 15min chart (1h) and just keep on watching the market and try to figure out why I predicted it wrong.<br />
<br />
5. I will keep track of how long I trade and won't continue to trade more than 2 hours without taking at least a 15min break.<br />
<br />
6. When I can't concentrate enough to just watch market movement for 5 minutes and not do anything else I will close the terminal and return at another time when I will be concentrated only on trading.<br />
<br />
Please feel free to add any advice or comments and thanks for your help <img src="images/smilies/good.gif" border="0" alt="" title="Good" smilieid="139" class="inlineimg" />
Last edited by mazprofx; 2014-12-22 at 10:27 AM.
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