Forex Zone - Forex Forum

Control your emotions

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
controlling emotions is one of the attitudes that we have to learn from the start since we practice using an emotional demo account. We have to be able to do it in a stable way. We have to manage it well so that emotions don't cause us to fail. Many people succeed and fail because of emotions and many Smart people can actually be consistent but they fail because of unstable emotions. So the point here is that when you trade forex, the first thing you have to learn is to control your emotional attitude so that later you can control the situation.
#1591 - September 01, 2023, 09:38:02 AM

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
The first lesson we have to learn is about psychology and emotions. Why not technical because in my opinion technical lessons will be more important when accompanied by. psychologically and emotionally stable, there are many smart people who analyze it well, many smart people are very successful when trading and they know where the trend is going. But only a few people can control their psychology and emotions when they fail because when you fail, your mind will definitely become stressed. Your emotions become higher than before and this is very dangerous for your position as a trader, therefore what I did during my initial learning was to restrain my emotions and manage my psychology well.
#1592 - September 02, 2023, 09:45:01 AM

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
When you can control your emotions well that's where you will be. finding a positive personality, someone who can control their emotions under any circumstances, will have a positive impact on the activities they use in the world of trading. Controlling emotions is very important. because by benefiting from good emotions, later on, every mistake we make, we will not be emotional, we will become sincere people. Because we know it is purely our own fault.
#1593 - September 03, 2023, 09:52:09 AM

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
Controlling your emotions is something you must learn so that when you experience problems. If you experience something unpleasant then you can keep your emotions stable. Many traders ultimately fail because they cannot maintain control. their own emotions they are too greedy using large lots using Open positions that use a lot of methods like averaging martiangle that's all. wrong ways because in my opinion when it's time to lose you have to be sincere first You have to be able to accept first so your mind is not disturbed releasing emotions and controlling emotions is our obligation as traders
#1594 - September 04, 2023, 09:54:40 AM

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
Any trader who is able to control his emotions well will. get happiness in their life because a trader who can make their emotions stable means they can do anything. a problem becomes lighter because basically all the problems that arise in Forex trading are because we ourselves have to be able to become someone who is capable of it. change the situation well so don't let it happen that when we fail or don't make a profit we can't control our emotions.
#1595 - September 06, 2023, 08:18:35 AM

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
controlling your emotions is your duty as a trader when you make a big mistake. Controlling your emotions will make you a person who knows what is called patience because a patient person will definitely succeed. When you make a mistake, don't immediately get emotional. allowed but when you are too emotional then everything will be destroyed including your account I am sure your account will be MC
#1596 - September 07, 2023, 09:12:12 AM

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
You have to be able to control these passionate emotions, you have to be able to suppress them because. When you can't control your exploding emotions, it's a sign that you haven't. can be stable and cannot be mature in responding to a problem in the world of trading. We cannot use emotions. The more we fight using emotions, the more we fail. We cannot fight the market. We can only follow it patiently.
#1597 - September 09, 2023, 08:01:17 AM

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
Control your emotions stably. When you carry out forex trading, the more stable your emotions are, the stronger your determination is to carry out trading in any condition, whether it is failure, loss, victory, everything you can control your emotions well, you will not get emotional easily just because You often fail because when you have good emotions, have stable emotions, whatever you do, it must be in the circumstances that you want to decide on something in a good condition.
#1598 - September 10, 2023, 08:43:34 AM

  • Hero Member
  • Posts: 14714
  • Points: 890
  • Likes Received: 31
  • Reputation: +2/-0
Use proper risk management. Set reasonable stop-loss and take-profit. Never risk more than you can afford to lose in a single trade. Sometimes it is also difficult for us to control our emotions when greed comes.
#1599 - September 10, 2023, 12:21:36 PM

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
Usually emotions cannot be controlled. When you open a position incorrectly and end up getting a floating minus and that's when your emotions will arise. merge and I suggest that when you feel that you cannot control your emotions, you should stop trading first because when you continue trading. I'm sure you will definitely use big tools to recover your lost capital and I'm sure you will use bad methods such as. martingale or averaging to do this and it will cause you to lose
#1600 - September 11, 2023, 09:15:41 AM

  • Hero Member
  • Posts: 14714
  • Points: 890
  • Likes Received: 31
  • Reputation: +2/-0
Traders control their emotions so that they do not interfere with the trading system that has been created. He obeys the rules in the trading system that has been created. He does not let his emotions control him too much.
#1601 - September 11, 2023, 11:40:37 PM

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
We must be able to control unstable emotions, explosive emotions. well. Why do we have to control our emotions because emotions are related to thoughts and unhealthy thoughts will not be able to make us someone who is psychologically stable when we trade. forex and we find something unpleasant, we must not immediately get emotional, but we must first be able to find out whether there really is a way. whether it comes out or not. Can it be repaired or not? That is the characteristic of a professional trader. A beginner will definitely be emotional, but you also have to be able to make things more comfortable.
#1602 - September 12, 2023, 09:35:59 AM

  • Full Member
  • Posts: 167
  • Points: 878
  • Likes Received: 35
  • Reputation: +1/-2
ways to overcome or control emotions, I personally often fail, especially when I experience loss, the element of revenge in placing an order, instead of being good, ends up experiencing margin call (MC)
#1603 - September 12, 2023, 01:54:21 PM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
ways to overcome or control emotions, I personally often fail, especially when I experience loss, the element of revenge in placing an order, instead of being good, ends up experiencing margin call (MC)
Plan your trade and trade your plan, working in forex trading is general thing faced profit and loss, both is part in forex trading activity that sometimes inevitable.
#1604 - September 12, 2023, 09:18:39 PM

  • Hero Member
  • Posts: 59276
  • Points: 593
  • Likes Received: 57
  • Reputation: +53/-46
How important it is for emotions to make us better or not, in my opinion, the emotional factor is very important. very decisive. Will we be successful or not in the future when we trade forex The first thing we learn is not analysis, not management or not opening positions, but the first thing we have to do. Learning is about emotions. We have to be able to take good care of our emotions. It's true that emotions can change and we won't know when they come, but usually these emotions come when we don't. have a stable psychology when we fail or we lose. But we must be able to prevent all of this. We must be able to become traders who can use emotions wisely. Don't let our unstable emotions cause us to lose, we become destroyed and we become margin calls
#1605 - September 13, 2023, 10:12:35 AM

Members:

0 Members and 1 Guest are viewing this topic.