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Thread: How to Control the Emotions of Trading ?

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    Default How to Control the Emotions of Trading ?

    How to Control the Emotions of Trading ?


    Understanding how to hold emotions while trading can demonstrate to be the distinction between success and failure. Your mental condition has a powerful influence on the decisions you make, specifically if you are new to trading, and keeping a calm demeanour is crucial for compatible trading. In this piece, we analyse the importance of day trading psychology, for both newbie and more professional traders, and give some information on how to trade without emotions.

    THE IMPORTANCE OF Balancing EMOTIONS WHILE TRADING

    The significance of day trading emotional control cannot be stretched.

    Suppose you’ve just taken a trade ahead of Non-Farm Payrolls (NFP) with the anticipation that if the reported number is higher than predictions, you will see the price of EUR/USD advance quickly, helping you to make a big short-term profit.

    NFP comes, and just as you had desired, the number exceeds forecasts. But for some reason, price goes down!

    You assume about to all the estimation you had done, all the causes that EUR/USD should be going up – and the more you think, the additionally price falls.

    As you see the red stacking up on your losing order, feelings begin to take over – this is the ‘Fight or Flight’ intuition.This urge can often discourage us from executing our goals and, for traders, this issue can be very problematic, leading to knee-jerk reactions.

    Experienced traders don’t want to take the chance that a hivesdecision will damage their account – they want to make sure that one knee-jerk response doesn’t ruin their entire career. It can take a lot of training, and many trades, to learn how to minimize emotional trading.
    Last edited by Resolve; 10-03-2022 at 06:09 AM.
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  2. The Following 5 Users Say Thank You to Dangerous For This Useful Post:

    Botond (08-29-2022), mevesow (08-04-2022), radex78 (05-20-2022), Resolve (09-15-2022), tirop (08-01-2022)

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    Minimizing yours trading emotions asks the trader to have a very vast grip over the discipline if anyone no is discpline trader then its becomes very hard to follow a good trading pattern.a

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    The balancing approach is very good about Forex trading because with a balanced approach of emotions one can control greed emotions effectively in the FX market.

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    Quote Originally Posted by mevesow View Post
    The balancing approach is very good about Forex trading because with a balanced approach of emotions one can control greed emotions effectively in the FX market.
    Having a balance approach for the Forex trading is quite demanded thing because it ask you to be a very highly discipline trading and when you become so experenced then this happened for you.

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    Controlling the emotions is very hard sometime i become very frustrated and becomes very hard to control the emotions but yes its need to very cautions when trading with the market.

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    Every trader is different. To keep emotions under check, formulate your trading strategy based on your needs and market knowledge. Identify

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    i have agree with the momeutmn to be emotion free, if you do not follow emtions then you are a winner.

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    to control we need to be happy and for this we have to earn a lot of money from market

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    Quote Originally Posted by Lojze View Post
    to control we need to be happy and for this we have to earn a lot of money from market
    This is not the right approach.

    1. To make money
    2. Learn skills sets
    3. Practice a lot
    4. Test your strategy.

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    this market make us emtoional because its is the business where turn one dollar into million one !

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    i think self discipline is what which can bring us closer to he control of the emotions

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    Quote Originally Posted by kogeme View Post
    i think self discipline is what which can bring us closer to he control of the emotions
    A plan and a practice.

    When you have a plan and you know how to execute it because the execution is what which let the things flow in their right direction what actually happens mostly trader miss it and the end they have to suffer from the losses.

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