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osama01313
08-26-2010, 10:35 AM
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.

Most experienced traders tell novice traders that they need to develop a system – and stick to it no matter what. Letting your emotions rule your decisions can hurt your trading in a number of ways. The system tells you when to buy, what to buy, when to trade and what to trade for. By sticking to your system you’ll maximize your profits. A system based on technical analysis of historical market trends is one of the most potent tools that you can utilize if you’re just getting started in Forex trading. Many traders, with years of experience, continue to use this system to keep the profits rolling in. Many traders will tell you that when their gut instinct and their system collide, the system is almost always right.

Using a mechanical system takes the emotion out of your trading, eliminating one of the reasons people fail. Your system doesn’t sway with emotions. It sticks to a tried and true course. To be effective, your system – whether you develop your own or adopt one created by someone else – should identify the entry and exit point of your trade, mitigating factors, and an exit strategy. In general terms this is as follows:

Under what conditions should I acquire a currency?

For instance, you may have a buy order for when a particular currency drops more than 5 pips because your analysis tells you that that’s likely to be as low as it goes.

When should I trade one currency for another and for which one?

There are two reasons to exit – to maximize your profit, or minimize your loss. That means you have a set stop-loss order and a set take-profit order at which point you cash out your trade.

What factors will I allow to change that decision?

. While the money market moves in predictable patterns, there are always individual variations of a trend within those patterns. If you’ve taken those variations into account, it will be far easier to decide when a factor really does make a difference, and when it’s just wishful thinking. If you’re not careful however this is where emotion could come into play and sour deals for you.

How will I trade out of a currency?

Your exit strategy may be as simple as a stop-loss order when my loss hits 5% or a take-profit order when I make 40% profit’.

Another key is perseverance. Analysis of trends in the market will show you that the market moves in dips and spurts within overall patterns that are predictable. No trend moves smoothly in an up or down line – there are inevitable periods of time when values suddenly spiral up or down based on some outside factor. These are the times when emotion can hurt your portfolio. When a currency that you’re holding takes a sudden dip south, it’s tempting to succumb to panic trading, cut your losses and run even if your system tells you to hold on. On the other hand, it’s easy to catch the rising excitement as a trade starts increasing in value and scramble to buy more of the same. These are exactly the times to rely most heavily on your trading system. It will tell you exactly when to trade for maximum profit.

If you control your emotions and stick to the system you’ll maximize your profits andall should be smooth sailing.
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Source: http://www.forex-loser.com/never-trade-forex-on-a-gut-feeling/

Phfxtrader
08-26-2010, 02:18 PM
I can testify to this that if forex trading is mixed with emotions your going to end up losing bigtime. My entire risk capital was wiped out first week of August because I lost several trades and I ended up revenge trading. Once you become greedy or blinded with the idea that you need to get even STOP TRADING

andry777
08-27-2010, 02:21 PM
If you wanted to make money through forex you must control yourself, especially your emotion. You have to know when is the time to stop trading and when is the best time to start again. Don't follow to your emotions too much because it will make you loss your amount because it will make you careless.

bringpeace
08-27-2010, 02:37 PM
If you wanted to make money through forex you must control yourself, especially your emotion. You have to know when is the time to stop trading and when is the best time to start again. Don't follow to your emotions too much because it will make you loss your amount because it will make you careless.

just give suggestion. If you cann't control your emotion when you trading maybe you can drink hot chocolate while you trading, so you can relax in trading and you can make good decision to open and closed order.
if you still cann't control your emotions maybe you must closed your PC and didn't make order..
if you have been control your emotions, you can start trading again friend..
in make decision when you trading knowledge and how to analysis movement market is important but the emotions maybe make our decision become false and we go many lost..

sanbi
08-27-2010, 08:57 PM
I do believe that emotions is a bad thing in business and we must never get caught in emotions when trading in forex because it only means one word and that is loosing when we can't control our emotions and feelings that means we can not think properly and that may not lead us to success.

Gladiator_28
08-27-2010, 09:22 PM
this is good strategy and i will try it because I am not good at trading but with this i can success !

andry777
08-28-2010, 12:37 AM
@bringpeace
Thanks for your suggestion friend, I will try to make myself more comfortable when I am trading so I could make good decision from my analyze. I will try some of your suggestion for me, maybe it could work.

ahmedsarhanfar
08-28-2010, 03:27 AM
forex trading is not easy as you see it need more experience and more knowledge you must change this idea

andry777
08-28-2010, 06:39 AM
@Ahmed
What do you mean we have to change? Yes, if you wanted to success in Forex you have to know much more about Forex and you must learn from another experiences and your experience too. There is no field that could be easily achieved without learning and hard working. I think you made wrong statement friend.

eskimo
11-02-2010, 04:09 PM
This article is good. It discusses the role of one's emotions in trading. It defines emotional decisions as something to be avoided. One cannot rely on one's emotional decision. It is advised that a carefully tought out trading plan be made based on sound analysis. With emotional decsion you are bound to lose. It is said that success in trading not only relies on technical skill but also in one's ability in controlling ones' emotions. Happy trading.
*

standart
11-02-2010, 04:45 PM
May be true if knowledge enables us to control our emotions when trading. I mean not the knowledge to control emotions, but proper knowledge to support someone in trading. people who have no much knowledge can be frustrating if have a loss, but for those who have the knowledge, the loss can be a means to gain profit. by the way, stop loss is good idea to avoid greater loss and reduce fear when trading.

keira
11-04-2010, 09:00 AM
@standart
I think it's not knowledge bro, for me it will be more precisely if experieneced did. Experience in trading will guide us to control our emotion because we could control our emotion if we have traded in real not only in theorical or only knowledge. Yes, I knew we needed knowledge before we did it practically but it will affect to us directly when we used it practically. Psychology could be learned only with practice in real condition

ktiagawa
11-04-2010, 06:26 PM
@standart
I don't too much undersatnd with your statement that said the loss can be a means to gain profits. Would you explain me more about that mate? As I knew, losses can be good lesson to us so in the future we would make better decision if we experienced the similiar situation so we could get some profits based on the lesson.

nhoctanker
11-05-2010, 03:13 AM
"Your statement that said the loss can be a Means to gain profits."
I think he wanted to say that we must accept the risk but sometimes the risks can bring big profits for the Committee. And take risks, this means you have to judge the trends and will certainly gain profit although you will be subject to risks and loss expenses to gain profit.
But sometimes your feelings will be mixed in the transaction process by you under pressure from many sides

standart
11-05-2010, 11:01 PM
@standart
I don't too much undersatnd with your statement that said the loss can be a means to gain profits. Would you explain me more about that mate? As I knew, losses can be good lesson to us so in the future we would make better decision if we experienced the similiar situation so we could get some profits based on the lesson.

This thing really technical actually, but I will try to explain. if you have knowledge about trading with traps, maybe you would know this. for example we are trading based on the signal or news, but we do not know the effect it news on prices, whether up or down. and to prevent it we order buy and sell simultaneously with set SL and TP. if one of our order profit automatically the remaining order is loss. but because we set SL, the order that loss not continue and our order that profit cover it lose and continue gain profit.

sirwilly
11-06-2010, 06:54 AM
This thing really technical actually, but I will try to explain. if you have knowledge about trading with traps, maybe you would know this. for example we are trading based on the signal or news, but we do not know the effect it news on prices, whether up or down. and to prevent it we order buy and sell simultaneously with set SL and TP. if one of our order profit automatically the remaining order is loss. but because we set SL, the order that loss not continue and our order that profit cover it lose and continue gain profit.
Reply With Quote
The concept you are describing is called TRIANGULAR ARBITRAGE. It was a very popular concept and that has been the closest Forex strategies came to being risk-free. The concept says that if we buy one pair at the same time as we sell another, then the denominator cancels the numerator to always leave a score of at least 1. Most times, it'd be more than 1 such as 1.023, then multiplied by our volume. However, there is so much that triangular arbitrage took for granted or did not account for.

teejes
11-08-2010, 11:33 AM
"Your statement that said the loss can be a Means to gain profits."
I think he wanted to say that we must accept the risk but sometimes the risks can bring big profits for the Committee. And take risks, this means you have to judge the trends and will certainly gain profit although you will be subject to risks and loss expenses to gain profit.
But sometimes your feelings will be mixed in the transaction process by you under pressure from many sides

for timing a trade is if there a chance not have hesitated to execute the transaction. If you see there is an opportunity, this is the right time to trade. no reason to bargain over eight points. Immediately do the purchase. Likewise, when down, if you think prices will fall, soon to do sell.

Some investors have a problem making decisions Buy or Sell. In other words, they can not think of using their minds. They are unsure because they absolutely do not know what they are doing. They do not have a plan, principles, rules to guide them, they are dont know to what should be done.

hongshui
12-02-2010, 12:03 AM
Most experienced traders will tell newbies that they must design one plan or programmer,and stick to it no matter what. But frequently the newbies cant help oneself emotions in cash trading.When the lost trading,the will mind it in heart,and the brain full with the ides of the next time must earn!It si fatal to newbies,if your emotions rule your decisions can hurt your trading in a number of ways. Maybe promote you bankrupt in some level!

venus
12-02-2010, 09:44 AM
Yes, we shouldn't mix our emotion, especially for us who used forex as part-time job, in trading. It could affect to our consideration to make decision. We must have good psychology when we decided to trade in forex market. I mean, we must control our own selves first before we could control our trading account. If we are not in good mood, we shouldn't trade first.

keira
12-03-2010, 06:30 PM
Yes, we shouldn't mix our emotion, especially for us who used forex as part-time job, in trading. It could affect to our consideration to make decision. We must have good psychology when we decided to trade in forex market. I mean, we must control our own selves first before we could control our trading account. If we are not in good mood, we shouldn't trade first.

If we trade we will use our emotions if we are human. It's impossible to trade without emotions but we could control our emotions as system has been made to control it. If we are not in good mood while in the beginning of trading, we could easily cancel to trade but if our emotions is not good after we opened some positions, what should we do? Anyone has suggestions of this problem?

Destruction
12-04-2010, 12:06 AM
@keira
yes .. we can't kill our emotions and stops it to get profits because there's always for example if you want to kill your emotions you won't smile when you get profit and be happy ? i don't think so your forced to be happy and you will be sad if you lose and by your same emotions you will aware your mistakes and know it and try to fix it ..you can't remove up your emotions for some money you can just control some of them like greed while trading and it will be fine

nehmer
12-04-2010, 03:02 AM
There is still emotions i feel when i do live forex. Of course its very normal money is involve there and it influence my trade sometime. For example i want to target 50 pips.. But when i issue the trade active it has gotten so far in 20 pips profit.. and then just got down a bit.. i do close immediately.. because i sense danger.. that's why sometimes instead of earning more pips i do get only less because of this bad emotion i get when trading is in motion.

tprhzm2009
12-04-2010, 06:08 AM
There is still emotions i feel when i do live forex. Of course its very normal money is involve there and it influence my trade sometime. For example i want to target 50 pips.. But when i issue the trade active it has gotten so far in 20 pips profit.. and then just got down a bit.. i do close immediately.. because i sense danger.. that's why sometimes instead of earning more pips i do get only less because of this bad emotion i get when trading is in motion.

Yeah, I think lots of traders have the same situation with you, In fact, lots of traders tend to set their own target when they trade in forex. but usually they tend to change their target with the situation changed in forex trading.especially when the trend of forex market go in the opposit direction as they expected, they tend to close their transaction even they are in profit. So it is difficult for most traders to strictly implement their plan.

sirwilly
12-04-2010, 07:36 AM
That is giving in to anxiety. May be if you didn't manually intervene, then the downtrend will change before it got to your SL. May be that won't happen! But, all the same Forex is a risk and the best we can hope for is to end up in profits. To achieve this, we will need to avoid putting our eggs in one basket. In other words, scatter our deposit among several open trade positions just to be sure that should one fail us, there may be another trade to compensate for that loss.

standart
12-04-2010, 07:51 AM
Trader act emotionally here if want a victory just in a day. but we can not get rich in forex in a day, this is reality. we can get rich in forex as long as we act rationally and do it in stages. many examples of people who fail in forex because they think could be rich in a day. forex full of risks and trading with large lot increase the risk level.

chuna1985
12-10-2010, 09:22 PM
It is an established fact that forex and emotions don't mix. If a trader allow such things to come between them and the market, it will be disastrous. Placing a trade requires a very sharp thinking and high level of alertness. So due to this, it is paramount that every trader should have full control of their emotions before they enter or exit a trade for proper executions which will bring success to the trader.

nhoctanker
12-11-2010, 02:50 AM
so 1% of our deposit and nothing more than that is the reasonable target of earning daily. for me i would definitely won't trade if i am under stress or feeling emotional if things are not doing well. i think that we keep our mind focus and clear and not affected by our emotions. if we can't keep our emotions under control we better take a rest and relax and do something else than continue trading. we must make sure we are in right mind conditions when we do trading. so we won't make mistake in our trading .

Better we should work in a spacious quiet space. You can search a wide green garden that sits on your work and sip a cup of tea. This might make you fresh and alert. sometimes you will make many good initiatives for your business. alertness is not affected by the factors surrounding that will make you feel limited. There are those who best way you can not feel it was clear it. this is a good way for your spirit

indieover
12-11-2010, 03:04 AM
i think there are many different things that affect our emotions. it is not only having a good quite , serene environment will make us relax and give us good mood and nice conditioning. sometimes that too won't give us good mood and won't always relax us. but it is good method though. i think it is a lot of different factors. we must find what will relax us and refreshen our mind and energize our body and what motivates us to stay focus most of the time.

nehmer
12-11-2010, 08:32 AM
i think there are many different things that affect our emotions. it is not only having a good quite , serene environment will make us relax and give us good mood and nice conditioning. sometimes that too won't give us good mood and won't always relax us. but it is good method though. i think it is a lot of different factors. we must find what will relax us and refreshen our mind and energize our body and what motivates us to stay focus most of the time.

I also do that.. sometimes when im in a bad mood or tired because of tress.. its better to rest than to trade forex or to make your technical analysis .. you will only ruine your forex trading for that day if you insist in trading even its its not worth it,.. Forex trading needs to be calm no need for mix emotions

houssineche
12-14-2010, 01:49 PM
May be true if knowledge enables us to control our emotions when trading. I mean not the knowledge to control emotions, but proper knowledge to support someone in trading. people who have no much knowledge can be frustrating if have a loss, but for those who have the knowledge, the loss can be a means to gain profit. by the way, stop loss is good idea to avoid greater loss and reduce fear when trading.

jojo2010
12-16-2010, 09:47 PM
Yes, we shouldn't mix our emotion, especially for us who used forex as part-time job, in trading. It could affect to our consideration to make decision. We must have good psychology when we decided to trade in forex market. I mean, we must control our own selves first before we could control our trading account. If we are not in good mood, we shouldn't trade first.

meamir90
12-19-2010, 05:18 AM
its obvious and sure that we use our emotion in every work that we do, as we are human.We can't stop that or deny.While doing forex trade,we also show that or have that.But,in forex trade,we all should have control over it.should have patience.its very much necessary to be clear on the plan and do the trade.we should be free from all types of sentiments,and be clear on the target.its very important to be determined the target.then only,we gonna succed in forex trading

ehsanji
12-19-2010, 05:42 AM
It is true that the modern ForEx trading can really be quite poignant sort of business. It is because one goes through different experiences of rows of various frequent emotions at various times, so if you are not that much careful, that can surely begin to have some certain negative impact on your ForEx trading. One feels happy when closing trading at profitable position, but then it gives you this overconfidence. You become avaricious, and you find yourself attempting to gain much more money and upping the stakes, which unluckily ends as a catastrophe, and then you go back to where you actually started.

ify79
12-19-2010, 03:19 PM
mixing your emotion why trading forex could be very devastating and damage your account within a short period of time,the presence of fear could make a trader to be scared of pulling the trigger on a potentially profitable trade,only to later enter the market when the market has been overbought or oversold,believing so much in oneself could lead to overconfidence and this may result in taking unnecessary risk and the tendency to over trade would set in

Jonsazz
12-19-2010, 04:02 PM
It's sure that emotions and Forex trading doesn't mix. It even mustn't mix if you want become a successful trader. I see many people who are overtaken by greedness, so they trade until they losse their investments. Emotional trading is really popular among Forex beginners as me, but I try to avoid this. I just try to control my emotions. I choosing decisions not by help of my hearth, but mind. We must be accurate and smart in order to increase our eanings, not decrease. Just don't let your emotions to control you and I think that everything will be fine.

sirwilly
12-23-2010, 08:10 AM
Trading is a skill and with time, we will learn that it is more profitable to trade disinterestedly than to get personally and emotionally involved in every trade decision. That can only mean certain loss for the trader. The best approach to trading is to take on a trading self. This personality should consist of all the ideal attributes that are expected of a successful trader. So, the trader tries to trade according to that trading self, all the while asking himself what an expert will do in this situation before he makes any weighty decisions.

standart
12-23-2010, 09:23 AM
It's sure that emotions and Forex trading doesn't mix. It even mustn't mix if you want become a successful trader. I see many people who are overtaken by greedness, so they trade until they losse their investments. Emotional trading is really popular among Forex beginners as me, but I try to avoid this. I just try to control my emotions. I choosing decisions not by help of my hearth, but mind. We must be accurate and smart in order to increase our eanings, not decrease. Just don't let your emotions to control you and I think that everything will be fine.

for novice and beginner may be greed is main concern because its always involve when trading. may be you can avoid it but not fully avoided each trading. its human character that hard to control or avoided because our greed in line with our purpose trading in forex. gain profit and take benefit as much as possible. the good approach is knowing every side in a whole of forex trading. we will not trading use our emotion anymore but with our head.

asbin
01-08-2011, 05:20 PM
forex is full of risk. so we need to be careful enough while taking any kinds of moves. as you have mention above emotion and trade, well in my view both the terms you have used are like enemies of each others. so due to the emotions and sentiments many people go to the back foot even they are experienced enough. so i think you got to control your emotion and sentiments while doing forex. if you bring both of them together either you are going to be in big profit or you are going to have a great loss. so its better if you start forex with good basic knowledge and also if you have the capacity to face any kind of problem in patience.

aruzmeister
01-09-2011, 06:36 PM
ya you are right emotion will ruin us we just need to be control from it.first when i went on with this emotion stuff really i went back to where i started with we should really control the greed and be much polite and amiable with trader it's our plus point to success.we need to change in our attitude of work only we have to do hard work and hard work be industrious remove greed and selfishness.
thanks for you idea.

mendel1
01-16-2011, 03:17 AM
Emotional trading happens to everyone but to differnt extents.When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and emotions. New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can't get out or don't know when to take profits or get out at the bottom and get in at the top of markets. In other words they make bad trades because they are trading from inaccurate beliefs and become subject to their emotions of fear and greed.Having a set and stable system can really help everyone

bijaya
01-16-2011, 09:21 AM
Thanks alot for a great thread.Its quite useful and informative.Yes,i totally agree with the point that emotions shouldnot be there while trading in forex.One should not hurry up or turn greedy.He/She should work accordingly to their plans and strategy inorder to achieve a good result and handsome amount of sum.While trading we should be free from everything and only concentrate on trade.If we want to earn good amount from forex than we shouldnot follow our emotions.

Tyjones
01-16-2011, 11:35 AM
Thanks alot for a great thread.Its quite useful and informative.Yes,i totally agree with the point that emotions shouldnot be there while trading in forex.One should not hurry up or turn greedy.He/She should work accordingly to their plans and strategy inorder to achieve a good result and handsome amount of sum.While trading we should be free from everything and only concentrate on trade.If we want to earn good amount from forex than we shouldnot follow our emotions.

In short, "Go with your Gut." - When it comes to forex trading, that's a trading strategy that is bound to lose your money. Unless your gut is highly trained and impervious to emotion. The trick to making money in the currency exchange market is to avoid making emotional decisions and follow a carefully thought out strategy that takes the current market and history into account.

bigearners
01-16-2011, 11:50 AM
yeah, myself totally agree with all pints mentioned by topic starter of this thread.But i have seen lots of times people are talking about emotion and other stuffs,Even they don't have any idea about emotion control or other techniques but they will ready to answer of such discussion.Its neccessary while you are trading on forex needs to be take as fun and not take emotion of fear or greed while trading, because these leads to big loss sometimes in forex trading and sometimes loose whole money of yours.But one thing, myself disagree with forum starter that proving limits of loss or profits.Its sometimes good to assign those limits but for myself these limits always creates problem.Whenever, i assign stop loss or profit limit together.Then, generally share closed at stop loss position becasue i assign it 5-10pips loss and profits are high upto 40-50 pips.So, its leads loss of money for me.

silenteyes
01-16-2011, 04:17 PM
In short, "Go with your Gut." - When it comes to forex trading, that's a trading strategy that is bound to lose your money. Unless your gut is highly trained and impervious to emotion. The trick to making money in the currency exchange market is to avoid making emotional decisions and follow a carefully thought out strategy that takes the current market and history into account.

Sometimes it is good to be emotional and be greedy when the market is going good and you are following the trend in right way but this is not for daily. The strategy should be emotion free and by emotion free, I mean it should not contain any factor like fear of losing as it will not allow you to trade freely. Sometimes you should enjoy the trading and come out of that "emotion free trading shell" but you should not be over trying things. I am just trying to say that we should not make forex too difficult for us by making so many boundaries around us.

medksha
01-25-2011, 12:24 AM
Definitely,emotions,sentiments,fear,anger and greed are the most common enemy of the forex trading.They bring the hindrance in your trade and don't let you to take the correct decision.Most of the people get afraid whey they enter the forex market.They have got their money over there and they really don't know what's gonna happen with that.Due to this,they get fear.Plus,they will get the other emotional sentiments and feelings during this situation.When the market slightly moves beyond our expectation,we start to get frustrated and consequently couldn't take the correct decision.We can't maintain our patience.So,we take the decision which is not likely to take.This is one of major and common reason of the failure of the beginner's trader these says.

paul3795
01-25-2011, 04:52 AM
Definitely,emotions,sentiments,fear,anger and greed are the most common enemy of the forex trading.They bring the hindrance in your trade and don't let you to take the correct decision.Most of the people get afraid whey they enter the forex market.They have got their money over there and they really don't know what's gonna happen with that.Due to this,they get fear.Plus,they will get the other emotional sentiments and feelings during this situation.When the market slightly moves beyond our expectation,we start to get frustrated and consequently couldn't take the correct decision.We can't maintain our patience.So,we take the decision which is not likely to take.This is one of major and common reason of the failure of the beginner's trader these says.
When we say emotions i believe we refer to the state of our mind before trading.This matters a lot since its only profit every trader is determined to make before they start out.A positive and confident mindset always drives fear and enables you make profit.A negative and gutless mindset on the other hand ensures swift losses and makes you spend more than the required time you set for trading

Tyjones
01-25-2011, 04:33 PM
Sometimes it is good to be emotional and be greedy when the market is going good and you are following the trend in right way but this is not for daily. The strategy should be emotion free and by emotion free, I mean it should not contain any factor like fear of losing as it will not allow you to trade freely. Sometimes you should enjoy the trading and come out of that "emotion free trading shell" but you should not be over trying things. I am just trying to say that we should not make forex too difficult for us by making so many boundaries around us.

Yup. It is because not all Emotions we feel are the Bad one. Actually, some of those emotions that ain't feel us bad are the "Joy" (You talk'd to), Trust, Surprise, and Love. :) - If we will live with those feeling or Emotions in Forex. Sure thing we will enjoy trading and having a good time learning on it.

But everything has an Opposite matter, Right? - If we have the Good ones. Of course the Dangerous emotions will show up. This Emotions should be avoided if you don't want to lose money in Fx. Well, emotions are powerful resources that drive you either up or down. They drive you up when you find yourself elated. They drive you down when you are "Depressed" or Discouraged. Whether we are driven up or down is a matter of a random triggering of data or perception in the subconscious mind.

mehadipchor
01-25-2011, 04:58 PM
emotion and trading the two things that don't walk with together in the same line so it you tried to talk together then something disaster gonna happen.Forex is difficult subject for trading,it is not for the easy one's it is for the intelligent and hard worker.The more amount of concentration is needed to be good trader.The main thing is you need to make plan and work according to step,successful trade are always in seek of the new technical connect and fundamental studies.
So you should run according to the these type of successful trader,never take trader as easy task.

mukul
02-07-2011, 12:29 PM
in trade emotion does not works because emotion can take the trade to different way and can also take the trade towards the loss. trader should not break his concentration towards the trading he should always think about the profit and should not change his mind toward making emotional decision. the trader should make its fix plan and policies in order to get huge income from the forex. many trader makes their own strategy to avoid the emotional investment.

rickky01
02-07-2011, 01:12 PM
Not able to control ones emotion in business not only trading is a very disadvantage to the businessman/woman because you will be carried away by your emotions, talkless of now trading and being mixed with your emotion, the trading might just end up to a huge loss if the emotion can't be control and if it can be control, my suggestion is to stop trading for that day nor week instead of making loss and thereby resulting to loss.

silenteyes
02-07-2011, 04:21 PM
You have to be mentally strong enough to control your emotions and not allowing them to affect your trading. It is natural to get emotional but this thing will hurt you more in forex. If you will be taking decisions emotionally, it will affect your plan and strategy. Now when you plan and strategy will be disturbed, you cannot expect to gain profit. You will not be able to make positive trades when the decisions being made have no involvement of mind. It is better to stay safe than to say sorry to yourself.

golden
02-07-2011, 06:02 PM
Forex standing alone on it`s own is already a kind of trade that is very confusing, and when you now mix it up with your emotions, they become even more confusing. Our emotions are very powerful and has the ability to alter our normal reasoning and our ability to make excellent decisions in forex trading. This poor decisions will quickly bring about failure. This reason is why it is necessary to keep our emotions in check while we trade to avoid poor decision making while we trade in the forex market.

ify79
02-09-2011, 12:28 PM
@Silenteyes,you are correct,to be able to control your emotion when you are in a trade,it is paramount for such trader to have a control over his emotions on or before the trade.Some part time trader after after a long tiring day rather than take some little rest before trading forex at their convenient time commit the mistake of trading immediately after these stressful event(full time work).These would affect their analytical skill and mind of reasoning which may have an impact on their trade.So it is better not to mix your emotion while trading.Trade only when you are in the right frame of mind.

Smith Pal
02-09-2011, 12:39 PM
Very good sugessions a newcomer should follow..there is no place for Emotions in trade business. because that may invite losses in trading..Don't rush to trade be calm and think before take any decision..calm mind only can take positive decisions..So it is better to keep away our emotions and greed while trading..

silenteyes
02-09-2011, 03:24 PM
@Silenteyes,you are correct,to be able to control your emotion when you are in a trade,it is paramount for such trader to have a control over his emotions on or before the trade.Some part time trader after after a long tiring day rather than take some little rest before trading forex at their convenient time commit the mistake of trading immediately after these stressful event(full time work).These would affect their analytical skill and mind of reasoning which may have an impact on their trade.So it is better not to mix your emotion while trading.Trade only when you are in the right frame of mind.

You must give your mind a rest if you want full concentration in your trades. Forex trading is a game of mind and when mind will not be fresh, how you can expect good things. As far as emotions are concerned, you can't eliminate them from your trading but what you can do is to control them. Strong emotions always affect your trading strategy and plans. When these things will be disturbed, you will be nowhere in the market and the chances of loss become more prominent. So a calm relax mind is the need of good trading session.

unreferred
02-10-2011, 07:02 AM
well, some part of it is true that emotions don't mixed with trading, but remember that our emotions/feelings are the one responsible for our responses in trading, emotion will be the one initiate the course of action and it is you to be the one to decide whether to do it or not, we cannot really separate those two. But most of the time intuitions initiated by our emotions can lead to wrong moves, especially if we really have no idea on what to do in specific situation we just really on what our feeling says to us. That is why knowledge/experience/discipline are the most important factors in trading. if you know how to apply them at the right time you will no longer rely on your feeling(guesses) on what to do in a situation, you will no longer hesitate on doing something cuz you know to yourself that it is the right choice.

meamir90
02-12-2011, 02:44 AM
well, some part of it is true that emotions don't mixed with trading, but remember that our emotions/feelings are the one responsible for our responses in trading, emotion will be the one initiate the course of action and it is you to be the one to decide whether to do it or not, we cannot really separate those two. But most of the time intuitions initiated by our emotions can lead to wrong moves, especially if we really have no idea on what to do in specific situation we just really on what our feeling says to us. That is why knowledge/experience/discipline are the most important factors in trading. if you know how to apply them at the right time you will no longer rely on your feeling(guesses) on what to do in a situation, you will no longer hesitate on doing something cuz you know to yourself that it is the right choice.

Definitely , in forex trading our attitude and emotion plays vital role regarding our trading success in forex. We need to have a positive attitude and ability to get control over your emotion and feelings. Basically, emotions and sentiments are developed in ourself when we make a way to the failure and loss in our trade. Such emotions and sentiments doesn't allow us to concentrate and make a correct decision in our trade. So, we make a wrong decision without thinking any consequences and finally get in the great loss. Emotional investing has been one of the major cause of failure in forex. If are able to minimize that, then definitely we can make a good profit as we'll be able to concentrate and take correct decision.

fxmember
02-12-2011, 07:17 AM
We all know that emotions are so much powerful.Even it don't allow us to make a proper and correct decision.We can't make it because we are forced by these feelings.This is the main cause of failing to get profit and earn big money on forex trading.Emotions are dumb and should be hated.They are useless and just a way to make us weakness throughout our business.So if we are able to control these type of weak feelings then you are always on your correct way.

chuna1985
02-12-2011, 09:05 AM
Emotions in life generally are very tricky, it is able to confuse a trader and affect his decisions. Our emotions in the outside life normally gives people chance to manipulate us and in forex, our emotions can manipulate us to become confused and make too much mistakes. It is paramount to be sure that you separate our emotions from forex and trade with a clear and happy mind at all times. I noticed this long ago, when i trade forex with happiness, i'm able to make good profits and at the same time, i'm able to accept my losses whenever they come.

musicbid
02-13-2011, 05:52 AM
Emotions and Forex trading should never be mixed and thats true because emotions can cause you bad effect.If your decisions are made including some emotions like greed,fear or something else,your results will be worth it .You will see an adverse effect on your results if you do so.There are many stories that tells that psychologically many people get failure at Forex trading.So I would better suggest not to m,ix emotions in your trading.

silenteyes
02-15-2011, 04:21 PM
It is right that you get loss due to mixing of emotions in your trading but this is not all the time and sometimes greed may give you benefits. It is right that we should keep emotion separate from trading to have better results. Here you should not think that if you got loss by emotions, your forex career ends. You don't loss all your account by one emotional trade. What you should do is to stop trading after being disturbed by emotions. You will loss everything when you will try to compensate your losses quickly and making emotional decisions at wrong time.

dikshyag
02-17-2011, 07:15 AM
Definitely, emotion and forex trading are the two interrelated matters that determines your success rate in forex. Your trading psychology and your attitude plays a vital role to in your trade. Most of the trader get afraid while they trade as they are worried about their investment. Due to this, they won't be able to concentrate on their trade and make a useless decision with frustration. So before going with the trade, we need to forget about everything and just concentrate on our trade. You always need to have a positive attitude for your trade and always need to optimistic. Most of the trade start to lose hope when the market just move little beyond their expectation. This make the trader frustration and take wrong decision. So our emotions, attitude and behavior plays a important role in our trade.

deyen
02-17-2011, 09:12 PM
Emotions and forex doesnt mix?
Oh sorry i don't totally agree with you osama01313. Yes emotions are the reasons why we lost while we are trading, but it doesnt mean that all our emotions are not useful in trading. The only reason why we are not profitable while trading with emotions is that we dont know which is the suited emotion that we should wear.
Plus. Dont forget that there are two kinds of emotion. The negative and the positive one. Those negative are the ones which you are referring to as the reason of losing, but those positive emotions are the ones that are actually helping up combat and fight those negative emotions in order to avoid losing.
Emotions is everywhere, it mix with everything else in this world, so i dont agree much when you said that emotions and forex dont mix.

asbin93
02-21-2011, 05:04 PM
If you wanted to make money through forex you must control yourself, especially your emotion. You have to know when is the time to stop trading and when is the best time to start again. Don't follow to your emotions too much because it will make you loss your amount because it will make you careless.

Yeah its true that you really should be careful about your emotion. Well forex is risky business and with your simple mistakes you can go in big clash. So you need to be smart enough to take the right moves in right time. Don't ever try to take you decision with your emotion if you do so remember you are going to be in big trouble. Emotion makes you to take wrong decision and hence leading to the clash. So i guess emotion is the biggest enemy of trade and its impossible to move forward in your trade if you move along with your emotion.

pinoycity
02-27-2011, 03:16 PM
While it is true that emotions will be, sometimes bad whenever someone is trading in forex, I believe that there are emotions that will help trader be good in forex. Also, emotions is what will make forex trading exciting. The prospect of earning good coupled with the fear of losing big is what makes forex trading exciting.

laughingbuddha
02-28-2011, 12:48 AM
Traders psychology is also another important stuff that determines your trading success in forex. Nevertheless, there are other stuffs like understanding the market, market analysis, making strategy and making your trading base which is really very important for making the successful trading. Beside you ability to execute your plans and strategy also plays a vital role to determine your trading success.Besides this, traders psychology and attitude plays a key role in your trading success. Most of the people get afraid and frustrated while they are in real trade as its a matter of real money. So we only need to invest that amount which we really afford to lose. Basically the emotional sentiments comes into play when the trader make some sort of mistake in the trade and heads toward the way of loss. Issue about the emotions , sentiments and feelings are bit difficult to control as its a natural human behavior. But we need to get over it.

Jaxspa
02-28-2011, 07:57 AM
Mixing emotions with forex trade will just lead you to your failure not success. Emotions should be kept away from your trade. It is obvious to have emotions while you go for trade in forex. As forex trading is high risk trade, it is sure you have anxiety, insecurity, greed, despair and other such emotions. You need to control those emotions. You should not mix your business with pleasure, despair or other emotions. When you will be able to control your emotions, then you will be successful forex trader for sure.

mohit
03-09-2011, 06:00 PM
If you want to succeed in forex trading than keep in mind never let emotions to come in play while trading. Emotions are dangerous tools which leads to destruction at forex. As a trader you should get rid of your emotions. A trader must not be greedy looking for big profits. Its very dangerous and you will fall in heavy loss. Try to become cool and patient while trading. Never look for big margins of profits. Try to take what comes under your belt. Do not be fearful about investment sum during trading. Be confident and optimistic. At last again keep in mind to knock emotions off.

diwash
03-13-2011, 08:10 AM
I do believe that emotions and trading are totally different topics and relating these always makes a back step. For a good trader i would like to say that never relate these two if you are in the way of success. Control your emotions and you will certainly be profited. With the emotions you apply on trading just gives you bad way of trading. And if you desire the best way of trading you must control the emotions you have.
On the view for newbies who like to join the Forex trading I would like to cite that you must first know how to control the emotions and never mix it in your trading business.

mobinepal
03-13-2011, 12:06 PM
The basic mistake that traders do is they mix emotions in their decisions which is very common and crucial mistake as well. This is a nature of a human being that they are attacked with emotions. Success leads them to over confidence and failure leads them to frustration and both these reduce a human's ability to think and make any decisions and as a result they are psychologically compelled to make improper decisions which leads to failure. Not only this some behaviors like greediness, jealous, etc if mixed while trading, the trader has to suffer great loss. So sucessful traders always try to keep emotions far away from their decisions.

avirox
03-13-2011, 12:15 PM
Emotion is one of the major factors why most people have been loosing money in the forex market or even in other markets like stocks or commodities etc.Emotions have to be controlled in order to be a overall successful trader but it is easy to say but not that easy to control your emotion, in my view emotion comes as you practice and learn that there will be loosing and winning trades both and you target should be to have more winning trades then loosing trades it takes people a lot of time to develop the habit of controlling their emotions the factors included in emotions are GREED and FEAR.

murali603
03-13-2011, 04:58 PM
Emotion is one of the major factors why most people have been loosing money in the forex market or even in other markets like stocks or commodities etc.Emotions have to be controlled in order to be a overall successful trader but it is easy to say but not that easy to control your emotion, in my view emotion comes as you practice and learn that there will be loosing and winning trades both and you target should be to have more winning trades then loosing trades it takes people a lot of time to develop the habit of controlling their emotions the factors included in emotions are GREED and FEAR.

Right, when we have some good practice then we can see some control over emotions in my opinion, As i traded few time before when i get some time i feel very tensed and fear before ordering but now i am tarding regulalry in my own computer so now i am feeling some what better than the past, even we are experienced well we should see some emotion but we can decrease them upto some extent, Greed and fear these 2 make most play, when we have greed then its better to increase stop loss along with the price to avoid loss if our trade is already in profit

dulya daeni
03-13-2011, 06:13 PM
Our emotions must be tempered with the discipline of trading, because if we can not open the discipline to buy or sell a position then we would not be a good trading results or even taxable MC

nehmer
03-15-2011, 06:48 AM
emotion is really a problem for new traders in forex as they are very sensitive to emotion very quickly. It is very essential that new to forex are strong minded persons in trading and to be emotional while in the market. Being emotional trader will only ruined your career in trading. So in conclusion it is not good to be mix emotions and forex as they are not compatible to each other. It is a necessity to manage this emotions out of forex trading and just concentrate on how to control this to your advantage ignore this emotions and win profits.. Bear in mind to be able to focus your goals and concentrate on what is ahead avoid being a baby because we have to be a strong in terms of heart and mind here

mr.moon285
03-16-2011, 12:19 PM
Yes you're right on the Forex market is show mercy to those who follow his feelings in circulation so we need before we start trading that we train to control the feelings and the most important thing to control the greed for quick profit
This is the easiest way to lose, so you should we train on how to read the analysis and put our feelings aside and start trading with courage and realize always that losing is a another way to profit because the learning of the loss will help us increase our profits, but we must first we begin by a simple point and get out when access to that amount because it would help to control our feelings

nehmer
03-17-2011, 11:30 AM
The main strategy to earn profits in earn forex market is to avoid following decisions influence by this emotions and stick to your own or what you read in the net forex strategy. Listening sometimes to your own feelings will only bring looses. Emotions will only give me bad trading decisions unless I have a plan B or a good strategy in advance whenever a bad thing happened in my trade. Good technical anaysis and courage is the key to be successful trader in forex trading. A trader must be informative always to be able to equipt himself or herself being an emotional trader in the market. Being prepared always is an advantage.

ahmar2
03-17-2011, 02:11 PM
Well it is arule of thumb that more emotional you are the more losses you will face in trading. But as every one of the member here is emphasizing on role of emotions in forex the important thing is to learn how to control your emotions. And use them for your own good. It means over powering the negative emotions with the positive ones.

One basic thing for every trader to do is not to over trade no matter you lose or win. Because when you are over trading you are drove by emotions rather than knowledge and strategy.

meroonesathi
03-27-2011, 05:43 AM
Emotions and Forex trading shouldn't be mixed up as it is harmful for the traders. Traders need to suffer from severe loss due to their emotional attitude. Emotional feelings and sentiments just bind us and it behaves as obstacle for we traders. There are different trader who has suffered and still suffering several losses due to the mixing of emotions in Forex trading. You are bound to lose when you are attached with emotions. But one thing is sure that it's a bit hard to control as it is our natural attitude.

andry777
03-28-2011, 01:14 PM
Emotions and Forex trading shouldn't be mixed up as it is harmful for the traders. Traders need to suffer from severe loss due to their emotional attitude. Emotional feelings and sentiments just bind us and it behaves as obstacle for we traders. There are different trader who has suffered and still suffering several losses due to the mixing of emotions in Forex trading. You are bound to lose when you are attached with emotions. But one thing is sure that it's a bit hard to control as it is our natural attitude.

I think that is almost impossible to trade without using our emotion because we are human so it's hard to trade like robots. Actually, it's good to use our emotion too because we must look the condition in the market too, we shouldn't do like robot when the condition is going worse than we expected, as example, we placed buy EU in 1.4105 but the condition price will be downward and now in the position 1.4080 so we must take action. If we are sure if the condition will be back to upward and it can reach more than 1.4105, so we can let the price is moving but we shouldn't release the Stop Loss because we are too confident. Our psychology/emotion will give advantages if we used it right.

fast.three
04-01-2011, 06:49 AM
I think that is almost impossible to trade without using our emotion because we are human so it's hard to trade like robots. Actually, it's good to use our emotion too because we must look the condition in the market too, we shouldn't do like robot when the condition is going worse than we expected, as example, we placed buy EU in 1.4105 but the condition price will be downward and now in the position 1.4080 so we must take action. If we are sure if the condition will be back to upward and it can reach more than 1.4105, so we can let the price is moving but we shouldn't release the Stop Loss because we are too confident. Our psychology/emotion will give advantages if we used it right.
That's right, andry777. The human have emotions in themself. We can't trade in forex trading totally without the emotions or called 100% free from emotions like a robot. Moreover for newbie traders which trade with emotion domination. For example as newbie trader, I was very pleased when the profit and loss is very sad at the loss moment. So I can't consistent in my trade. Now I try to minimize the emotional to get consistency profit in forex trading. I want to trade unemotionally, although can not be 100% like a robot. So, this FXFRED forum is the best place to learning and sharing with other members.

paro
04-01-2011, 07:29 AM
if you still cann't control your emotions maybe you must closed your PC and didn't make order..
if you have been control your emotions, you can start trading again friend..
in make decision when you trading knowledge and how to analysis movement market is important but the emotions maybe make our decision become false and we go many lost..

Jackbro
04-01-2011, 09:43 AM
Yes, i agree with above suggestions , trading in forex is quiet a big risk. We must control our emotions. If we get some profit in forex we shouldn't loose our concentration because of joy. But in case if we loose money we shouldn't be frausted. We must be neutral while trading in forex, we should make our mind fully opened and concentrated. We should not link emotions and forex trading together. There are two reasons to exit trading if you have maximize profit, or minimize your loss.

ahmar2
04-01-2011, 12:38 PM
Yes, i agree with above suggestions , trading in forex is quiet a big risk. We must control our emotions. If we get some profit in forex we shouldn't loose our concentration because of joy. But in case if we loose money we shouldn't be frausted. We must be neutral while trading in forex, we should make our mind fully opened and concentrated. We should not link emotions and forex trading together. There are two reasons to exit trading if you have maximize profit, or minimize your loss.

Forex trader has generally a small time to react to a particular market change. And if during that short interval when you have to make critical decisions if you are effected by emotions then you lose that trade at that point ..Because there could be only two possibilities :

1): You were afraid and hence didn't take decision quickly.
2:) You made the wrong decision because you were influenced by negative emotions.

Either way you have lost your trade. So no way emotions can mix with trading in a good manner.

Suchu
04-01-2011, 09:51 PM
Yes, it is very important to separate our emotions from our trade. We need to deal with various emotions while trading. And those emotions will only make our job more difficult. That is why we need to manage them and control them well. We can't afford to make mistake in forex. Even a single mistake can prove costly. That is why emotions and trade should never be taken together. We must avoid emotions while trading or making trading decisions if we want healthy and profitable trade.

deyen
04-19-2011, 06:06 PM
Anything in this world can be mixed by emotions. Even trading can be mixed with emotions. It is now on the hands of the trader to use his best potential to control those negative emotions.

We all know that we can't take off our emotions as much as we like it to, but it is just very impossible.
Just learn how to use the right emotions at the right time. If a certain emotion is needed in a situation then be it.

Whitice
04-19-2011, 06:15 PM
forex and emotions are intertwin there is no thin line between them, we as human we are emotions as emotions is us
just thesame way emotions apply to other areas of our lives, it's up to you to moderate your emotions and balance it over with the business
of forex. see that the business practically real in the heart but the losses or gains could be so real and damageing
excerpt emotions is checked and placed rightly

ryuken
04-19-2011, 09:11 PM
Humans take every decision with some emotional influence. So i don't know if there is any that is not driven by emotions. Point is how much to let those emotions take over you. Your trading has nothing to do with emotions or you not succeeding in real life. You could be real life trouble maker on side and successful on the other hand. It is possible and many such people exist in forex or stock markets. You should keep emotions in direction that helps you analyze the market better and effective. By channelizing like this you'll be able to perform better in forex.

deyen
04-19-2011, 11:13 PM
Our emotion has a great factor, in our brain.
Sometimes our mood swings makes it hard for us to think and perform our daily activities.
Primarily when whe are too emotional it affects our cognition, the way we analyze things and events.

Precisely.
I really don't agree about the idea: "emotions and forex don't mix". Most people would say that emotion is not needed in forex, that it only needs more brainy work that heart work. That is absolutely wrong.
Just like most people says, "when our emotion talked, our brain follows". This saying is simple yet so true in a sense that forex is not just about mind activities, it also needs good sets of emotion that will motivate us to strive more. :D

dikshyag
04-20-2011, 04:27 AM
Humans take every decision with some emotional influence. So i don't know if there is any that is not driven by emotions. Point is how much to let those emotions take over you. Your trading has nothing to do with emotions or you not succeeding in real life. You could be real life trouble maker on side and successful on the other hand. It is possible and many such people exist in forex or stock markets. You should keep emotions in direction that helps you analyze the market better and effective. By channelizing like this you'll be able to perform better in forex.

@ruyken, definitely, all the actions and behaviors taken by a human being is directly influenced by the individual emotions, sentiments and the personal thinking. So definitely in case of forex trading as well, our strategies, decision and the steps reflects our attitude and thinking. I don't agree with you as you have told that the emotions have nothing to do with the forex trading. Its a natural human behavior and can't be separated out from our real life. Thing we need to do in forex is need to have a positive attitude and have to direct our emotion in the right path, rather completely abolishing it isn't possible.

deyen
04-20-2011, 11:34 PM
@ruyken, definitely, all the actions and behaviors taken by a human being is directly influenced by the individual emotions, sentiments and the personal thinking. So definitely in case of forex trading as well, our strategies, decision and the steps reflects our attitude and thinking. I don't agree with you as you have told that the emotions have nothing to do with the forex trading. Its a natural human behavior and can't be separated out from our real life. Thing we need to do in forex is need to have a positive attitude and have to direct our emotion in the right path, rather completely abolishing it isn't possible.

Exactly. Since our actions and thinking can be influenced by our emotions it is impossible say that forex and emotions just don't mix.

Since it has been a nature of man to have their emotions, we can't say that emotion is not really necessary in forex. Positive emotions keep us well motivated in trading. So we still need it even if we trade. However, too much use of positive emotions in not advisable, it will surely lead us to loses. So i recommend that we direct and moderate our emotions so we wont use it too much.

Juniorokogun
04-21-2011, 05:31 AM
Anything in this world can be mixed by emotions. Even trading can be mixed with emotions. It is now on the hands of the trader to use his best potential to control those negative emotions.

We all know that we can't take off our emotions as much as we like it to, but it is just very impossible.
Just learn how to use the right emotions at the right time. If a certain emotion is needed in a situation then be it.

@ deyen- emotions can be mixed with forex. There is something traders are not seeing properly, traders should know that emotions, has both the negative and positive side. But we have just focused on only the negative aspect, and this is making it look bad. Emotion can be good, when the trader, trade without fear, and he is ready to tackle everything that may lead to quarrel.

najam514
04-21-2011, 05:43 AM
A wonderful and highly knowledgable article you have presented about the emotions and forex trading. Only those people succeeded in the business who control their emotions and are concentrated on their trade business keeping aside all their emotions of greed, emotions of fear, emotions of revenge etc. Emotions adversely affect one's business. Or a simple way to avoid mixing of emotions is just quit your business for a while when you are psychologicaly disturbed.

deyen
04-21-2011, 12:05 PM
@ deyen- emotions can be mixed with forex. There is something traders are not seeing properly, traders should know that emotions, has both the negative and positive side. But we have just focused on only the negative aspect, and this is making it look bad. Emotion can be good, when the trader, trade without fear, and he is ready to tackle everything that may lead to quarrel.

Have you read the part of my post saying that we need to control the "negative" emotion? If you did then you should already know that i know as much as other people does that emotions has negative and positive sides lol.

Though we need to focus on how to control the negative emotions that we have, we also need to give some time on how to moderate our positive emotions. You know, too much is always bad. :D

fast.three
04-22-2011, 03:09 PM
Have you read the part of my post saying that we need to control the "negative" emotion? If you did then you should already know that i know as much as other people does that emotions has negative and positive sides lol.

Though we need to focus on how to control the negative emotions that we have, we also need to give some time on how to moderate our positive emotions. You know, too much is always bad. :DThis is importantly the emotion management, related with psychology trading. As human, we have the emotion, especially when we do the trading. Sometimes, we tormented with emotions, especially when got many loss. But, we can manage it, we should common when got profit or loss. I guess, the emotions isn't function to our trade. The price is move with or without our emotion. So, we should patient in trading and fight to manage the emotion in order to fix common.

deyen
04-23-2011, 07:24 AM
This is importantly the emotion management, related with psychology trading. As human, we have the emotion, especially when we do the trading. Sometimes, we tormented with emotions, especially when got many loss. But, we can manage it, we should common when got profit or loss. I guess, the emotions isn't function to our trade. The price is move with or without our emotion. So, we should patient in trading and fight to manage the emotion in order to fix common.

Emotional management should be done as soon as possible. I mean if a trader wants to trade then at that moment he should start conditioning his emotions. Conditioning our emotions is like getting ready for what should be done and what is not be done. If we manage to condition our emotion at an early time, we can be assured that we can manage our emotions well.

About the part where traders become over acting about the situation, i would recommend that he should take a deep breath to calm his self down. It would be better that way so he wont feel any frustration.

Juniorokogun
04-23-2011, 01:49 PM
Emotional management should be done as soon as possible. I mean if a trader wants to trade then at that moment he should start conditioning his emotions. Conditioning our emotions is like getting ready for what should be done and what is not be done. If we manage to condition our emotion at an early time, we can be assured that we can manage our emotions well.

About the part where traders become over acting about the situation, i would recommend that he should take a deep breath to calm his self down. It would be better that way so he wont feel any frustration.

@ deyen- am in concord with you views. Traders should engage in emotional management, because that is only what can make them have an avenue that is devoid of fear, loss and also mistakes. Though these things are inevitable in the trade, that is loss, fear and mistakes, they can be controlled or brought to minimal.
Emotions in the trade, has its own benefit, especially when it is positive. It will favor the trader, he or she will be in their right frame of mind, and they will continue to experience success in their trade. Owing to the disadvantages of emotion, they should be controlled, and proper planning should be taking into consideration.

andry777
05-06-2011, 09:57 AM
We can't trade without emotion at all because we are human so what can we do while we are trading, we must control our emotion so our emotion won't give negative effect to overall of our trading. If you wanted to trade without emotion, you should use robot forex but I didn't suggest to use that if you don't know how it works and the risk when you used that. If you wanted to be successful traders, you have to control your emotions well so sooner or later, we will face problem about how to control our emotion well in trading. So we didn't need to avoid of controlling our emotion in trading, we can build it in the beginning of our career so when we made mistakes here, we won't lose too much. A lot of practice in trading will guide us to know much better about our emotion, our mistakes in what condition and we can fix it.

richy5300
05-10-2011, 03:30 AM
It is true that emotion and forex trading dont mix, but i must clear the air on the precise kind of emotions because not all emotions are harmful in trading for example, if you are facing a difficult trading period and recording losses, there is an emotion you must exercise in order to continue which is courage and patience. So all you should cultivate are the positive emotions and always try as much as possible to fight off the negative ones. If you want to trade and you are in a bad mood that you cant control, all you need to do is to forget about trading for some hours until you are fully recovered, it could even take the whole day. So its not compulsory that you must trade that day. While not waste time instead of money.

pramod
05-10-2011, 08:50 AM
yes it is true we should not mix them or it will be harmful for the trade. emotions should be avoided as much as we can because emotions can be harmful for the trade. though controling emotions are difficult but you must make plans and strategy to control the emotions. you should always run through the strategy that will help you to be focused in the trade. emotion comes from heart and in trade we have learned only make mind decision not heart decision.

sheraz0009
05-10-2011, 09:53 AM
In my point of view emotions is a bad thing in business and we must caught it when trading its depend on what kind of emotion you have. If you want to make money through forex you must control yourself.. You have to know what is the time to start trading and what is the best time to stop and don't follow to your bad emotions too much because it will loss your sense,knowledge and amount because it will make you careless in every thing..

andry777
05-11-2011, 11:48 AM
In my point of view emotions is a bad thing in business and we must caught it when trading its depend on what kind of emotion you have. If you want to make money through forex you must control yourself.. You have to know what is the time to start trading and what is the best time to stop and don't follow to your bad emotions too much because it will loss your sense,knowledge and amount because it will make you careless in every thing..

Yes, that is right if emotion is not good in business, especially in investment business like forex. We can make bad decision if we didn't analyze well and only rely on our emotions in trading. But we should know that is impossible to avoid trading from emotions completely because we are human so we will have emotions. But we must test our analysis first before we made decision, that is good thing as our consideration. So we must consider our profit and risk before we made decision, it will be good thing to consider so we can limit our emotions of trading.

yogesh 95
05-17-2011, 06:22 AM
Emotion and forex trading should not be mixed up because emotion should be separate from forex trading while trading in forex for the benefit of the trader and the trade.In emotion the trader takes the wrong decision which hampers the trade and takes the trade into loss.In forex trading if emotion is mixed than the trader can't trade in emotion which is true.So,emotion should be separated from forex trading while trading in forex.

mukul
05-17-2011, 06:33 AM
many people trade wiht emotions and they think that the emotions help them to earn huge amount of money, as they think. but fact is that the trader should trade with emtions or he will face problem because emotions can make the trader to make wrong decision and due to wrong decision he have to face loss. emtions are dangerous for the trade. trader should make the plans and strategy to seprate the emotions from the trade.

mukul
05-17-2011, 06:36 AM
Emotion and forex trading should not be mixed up because emotion should be separate from forex trading while trading in forex for the benefit of the trader and the trade.In emotion the trader takes the wrong decision which hampers the trade and takes the trade into loss.In forex trading if emotion is mixed than the trader can't trade in emotion which is true.So,emotion should be separated from forex trading while trading in forex.

yes, you are absolutely right my friend but the way you are saying that we should seprate the emotions from the trade is not easy to seprate. because emotions comes from the heart of the trader and the trade with the emotions. for controlling the emotions the trader should make the plans and strategy that will help them to trade properly in the forex.

fast.three
05-20-2011, 03:28 PM
yes, you are absolutely right my friend but the way you are saying that we should seprate the emotions from the trade is not easy to seprate. because emotions comes from the heart of the trader and the trade with the emotions. for controlling the emotions the trader should make the plans and strategy that will help them to trade properly in the forex.

Yes, we can't totally separate emotions in forex trading. We as humans are destined to have emotions. What we need to do is to control and contain the emotions in order not to interfere with the quality of our trading. I think we can be semi-robots, trading with a minimum of emotion. Of course, we should make long experience and learning more about control the emotions. Well, to help us make trades without emotion, we can use the robot or expert advisors as needed. The use of robots will help us to be more relaxed in trading, but it should be noted also when the use of robots in a timely manner.

Numbed23
05-21-2011, 01:41 PM
Forex and emotions both are interrelated.Without emotions trading is possible.Greedy is a part of emotion and in trading greedy always occurs whether you are a dull trader or skillful trader.Then while you are investing your money you will be afraid of losing all that money which means emotions are interfering.

So Forex and emotions both are mixed.If you are getting money without any loss(exceptional) you will happy.And happiness is from emotions!

haseeb_comsian
05-21-2011, 06:54 PM
off course emotions are the undeniable part,
but it does not mean that we are prisoner of them and we can not control them.

and especially when it comes to forex trading it is very important to control them and if you are bad at that then they will control you and they have they potential to make you do some decisions which can ruin your carer.
so i am totally agreed with the thread starter that we should never let emotions mix with trading.

brokendremz
06-23-2011, 11:21 AM
Even do i agree on the thread and the post that you have made that we should not be become a prisoner by our own emotions. If we let emotions rule our life then its a sudden disaster that it could make our life miserable because we could make some annoying decision that we are going to sorry for the rest of our life.

Here in forex trading we should control our emotions and handle it very carefully because we are dealing here our future success in this kind of industry. It could give us big furtune we keep a good mindset to earn more profit and lose lesser.

shaukat80
06-23-2011, 11:28 AM
Emotions and Forex trading are two different things which can never be together at the end loss has been occurred during used our emotions. Forex is the best trading forum which provide us basic knowledge and skills to increase our trades and making money with using different indicators. Most of the peoples are used their emotions they feel that they work better but as a result lot of losses and mistakes has been occurred during the trades that they can never be gains best results. So, keep constantly and pay full attention from Forex to get better results at the end. Emotions are not allowed in trading please kept in mind.

Jazpa
07-18-2011, 05:01 PM
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.

Most experienced traders tell novice traders that they need to develop a system – and stick to it no matter what. Letting your emotions rule your decisions can hurt your trading in a number of ways. The system tells you when to buy, what to buy, when to trade and what to trade for. By sticking to your system you’ll maximize your profits. A system based on technical analysis of historical market trends is one of the most potent tools that you can utilize if you’re just getting started in Forex trading. Many traders, with years of experience, continue to use this system to keep the profits rolling in. Many traders will tell you that when their gut instinct and their system collide, the system is almost always right.

Using a mechanical system takes the emotion out of your trading, eliminating one of the reasons people fail. Your system doesn’t sway with emotions. It sticks to a tried and true course. To be effective, your system – whether you develop your own or adopt one created by someone else – should identify the entry and exit point of your trade, mitigating factors, and an exit strategy. In general terms this is as follows:

Under what conditions should I acquire a currency?

For instance, you may have a buy order for when a particular currency drops more than 5 pips because your analysis tells you that that’s likely to be as low as it goes.

When should I trade one currency for another and for which one?

There are two reasons to exit – to maximize your profit, or minimize your loss. That means you have a set stop-loss order and a set take-profit order at which point you cash out your trade.

What factors will I allow to change that decision?

. While the money market moves in predictable patterns, there are always individual variations of a trend within those patterns. If you’ve taken those variations into account, it will be far easier to decide when a factor really does make a difference, and when it’s just wishful thinking. If you’re not careful however this is where emotion could come into play and sour deals for you.

How will I trade out of a currency?

Your exit strategy may be as simple as a stop-loss order when my loss hits 5% or a take-profit order when I make 40% profit’.

Another key is perseverance. Analysis of trends in the market will show you that the market moves in dips and spurts within overall patterns that are predictable. No trend moves smoothly in an up or down line – there are inevitable periods of time when values suddenly spiral up or down based on some outside factor. These are the times when emotion can hurt your portfolio. When a currency that you’re holding takes a sudden dip south, it’s tempting to succumb to panic trading, cut your losses and run even if your system tells you to hold on. On the other hand, it’s easy to catch the rising excitement as a trade starts increasing in value and scramble to buy more of the same. These are exactly the times to rely most heavily on your trading system. It will tell you exactly when to trade for maximum profit.

If you control your emotions and stick to the system you’ll maximize your profits andall should be smooth sailing.
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Source: http://www.forex-loser.com/never-trade-forex-on-a-gut-feeling/
I truly agree with the thread starter. Emotions and trader should be never mixed. We should never let our emotions get over us. Emotions will only make us weak and irrational. We will not be able to make any decisions. There will be more problems in our trade, which will be difficult to handle with emotions getting over us. So if we aim to be successful trader, we need to learn to control our emotions first.

andry777
07-22-2011, 04:42 PM
Emotions and Forex trading are two different things which can never be together at the end loss has been occurred during used our emotions. Forex is the best trading forum which provide us basic knowledge and skills to increase our trades and making money with using different indicators. Most of the peoples are used their emotions they feel that they work better but as a result lot of losses and mistakes has been occurred during the trades that they can never be gains best results. So, keep constantly and pay full attention from Forex to get better results at the end. Emotions are not allowed in trading please kept in mind.

No, that was wrong. In forex trading and all other business, we will have emotion because we are human so it is impossible to trade without using our emotion, even if you used robot forex. It is too risky if we did trading without controlling your emotion. We can't avoid emotion in trading but we can control it. We shouldn't move in forex market based on our emotion but we should move with good trading plan and with good strategy. It is important to make prediction before we moved to open or close position because our prediction will give description how will we trade in certain condition. I am confuse how to trade without emotion. You said that emotion is not allowed in trading so how to do that if that was you?

waheedpcc
07-23-2011, 06:03 AM
No, that was wrong. In forex trading and all other business, we will have emotion because we are human so it is impossible to trade without using our emotion, even if you used robot forex. It is too risky if we did trading without controlling your emotion. We can't avoid emotion in trading but we can control it. We shouldn't move in forex market based on our emotion but we should move with good trading plan and with good strategy. It is important to make prediction before we moved to open or close position because our prediction will give description how will we trade in certain condition. I am confuse how to trade without emotion. You said that emotion is not allowed in trading so how to do that if that was you?
yes i agree with you psychologically every person have emotions.Just not only in trading and in business in normal life man have emotions.
but i think you said an wrong word.Can`t trade without emotion.i believe that in trading if an trader just concentrate on making good analyze and enter with right and then take profit then it`s perfect time to meet with emotions otherwise stay away from emotion.
While you make your trading plan please write there i`ll trade emotion free

radex78
07-23-2011, 12:57 PM
No, that was wrong. In forex trading and all other business, we will have emotion because we are human so it is impossible to trade without using our emotion, even if you used robot forex. It is too risky if we did trading without controlling your emotion. We can't avoid emotion in trading but we can control it. We shouldn't move in forex market based on our emotion but we should move with good trading plan and with good strategy. It is important to make prediction before we moved to open or close position because our prediction will give description how will we trade in certain condition. I am confuse how to trade without emotion. You said that emotion is not allowed in trading so how to do that if that was you?

Yes, it's true, we humans, it is impossible to trade without emotion, because emotion is human nature, wanting more profits, and do not expect to loss of forex trading, but one thing that can not be avoided is a loss, because it is part of forex trading, it's just that, we need to always improve and control the emotions that, in order not to be revenge, and want a quick profit have to restore the loss that occurred

honest-worker
07-24-2011, 12:41 PM
i also thinks that if forex trading is mixed with emotions then your going to end up losing your money,if you are making any!

this is the only reason that most of the traders thinks that you should not do a trade ever in your life after losing a trade because at that time its a sure thing that you are emotional and a study shows that your capability to think reduces 2 times when you are emotional so be aware of the facts.

in the end listen to the truth that control on emotion only comes with time and time because it is the human nature and you can not deny it.

Mr.Black
07-28-2011, 06:40 PM
In Forex trading,you have to trade by keep your emotions outside the market.Emotions and Forex trading,these should not be mixed.If you are emotionally disturbed you can't trade in Forex and if you are Good Forex trader,it would be obvious that you did your trade while keeping your emotions under you control.

Actually your emotions can let you to break the rules of FOREX trading,it can change your right decisions,even if you will trade emotionally it may damage your brain as risk it already involved in it.So never mix both of them.One have to trade after thinking these two things are opposite to each other.

summer jam
07-29-2011, 05:01 PM
emotions can not make you succeed in forex.if you get emotional you can lose.it is really important to keep the emotions aside while trading.keep yourself calm and peaceful while making decisions.a restless mind can never make good decisions.it is also important to control your anger because there are chances that you might lose.in this case you have to control your anger and be positive.do not lose hope.it is also important that you do not make greedy decisions because you can lose your money due to your greed.so it is important to control greed and make careful plans.so try to control your emotions if you want to succeed.

precap2
07-29-2011, 06:58 PM
No, that was wrong. In forex trading and all other business, we will have emotion because we are human so it is impossible to trade without using our emotion,

Truth is that it is impossible to trade without emotion. . . or rather it is impossible to trade successfully without emotions. An emotionless person is first of all a very reckless person, it is emotions that put us in check and help us make the best decisions for our trading accounts. . . Forget wannabe forex literati academe that pretend to know what they are saying when their only desire is to get a nice sounding book off the print and make their money without clicking buy/sell buttons, they just parade themselves all over the place as experts (experts without a trading account). . . the battle to disambiguate forex market has just begun and will be won by those who are watchful.

I will soon introduce an article that will explain some of these things

Trade king
07-30-2011, 05:35 PM
There are not only bad emotions involved in trading, there are good ones too. We should involve our emotions in trading but according to the time and situation. We should use good emotions when the market is in worst condition whereas we should use bad emotions when the market is in favorable condition. If we manage these things then both emotions can work effectively.

chuna1985
07-30-2011, 10:59 PM
@ Trade king : The good emotions that you are talking about must be the emotion of greed and over confidence. It will make a trader to make too many mistakes through taking too much risks that could lead to over leveraging of accounts and this will at one point or the other send a trader to count a lot of losses in their trading. It is better to tame our emotions and trade with a clear mind.

Lilian Nmeregini
07-30-2011, 11:33 PM
@chuna1985,
I agree with you. And the best way a trader can tame his emotions can be no other way but through working with the result of your analytical findings. If a traders does his fundamental and technical analysis very well, and was able to determine the direction of the market, then I believe he will have no problem going with his logic , and not with his emotions. Knowing fully well that emotions and forex doesn't mix, that can actually happen when we allow our analysis to decide the direction of our forex trading decisions.

Jazpa
08-01-2011, 09:25 AM
I don't agree with the thread completely. I know about the effects of emotions over our trade. They make our trade devastating. But just imagine what will be our trade if we don't have emotions. We we don't have perfect attitude to run the trade, we will end up like losers. We need to be greedy so that we can make perfect trades to fulfill that greed. We need to be afraid of losing so that we will never invest haphazardly in the trade. So emotions are good but not good in excessive amount.

hari
08-02-2011, 04:20 AM
@osama01313 - I totally agree with you at this point. Forex trading requires cool cum free mind. You cannot trade Forex if you are not able to give full concentration to it and keep diverting your mind to other things. Emotions are not allowed while trading. There are many traders who involve their emotions during trading hour and they lose every thing. It should be avoided. You should not become greedy if you see big profits coming in your way and take unnecessary risks for that. Just be cool and calm. Remove your fear and don't panic during losses. Be hopeful and be positive. Eliminate your emotions and work with your plan.

Lilian Nmeregini
08-02-2011, 04:46 AM
@hari,
You are right. Nothing with emotional trait has a right to interfere with ones trading style and decisions. Forex trading requires full concentration. And when emotion sets in, it has a way of making the trader becomes more sentimental instead of being more critical and analytical in his trading decisions. Thus, even the craving for excessive profit, should not make us tempted, cos if we allow ourselves to be swept by that greedy emotional factor, then the consequence will not be far fetched, and will hastily manifest through an unrepairable loss.

realfun07
08-04-2011, 04:56 PM
It is true that one should not mix emotions and Forex trading and whenever a person feels he is getting emotional while trading , he should stay away from trading as it might lead to heavy losses.

One needs to control his emotions such as fear and greed and keep them away and trade strictly on the basis of his study and analysis.Greed does not allow to take profits and leads to losses where as fear keeps you away from trading or taking right decisions at the right time.

Iron man
08-04-2011, 07:04 PM
Yes,I agree with your statement,you should never mix your emotions with your trade specially when you are trading on forex.
When you talk about the emotions in forex trading,there are a lot of emotions which should not be involved in your trading.These emotions are:

1.Greed
2.Fear (fear of mistakes,fear of losing money)
3.Panic
4.Overconfidence
5.Frustration
6.Excitement
7.Revenge (revenge trading)
8.Impatience
9.Anxiousness

These are the basic emotions which can ruin your trade if they are involved and not left.

Lilian Nmeregini
08-17-2011, 02:52 AM
It is true that one should not mix emotions and Forex trading and whenever a person feels he is getting emotional while trading , he should stay away from trading as it might lead to heavy losses.

One needs to control his emotions such as fear and greed and keep them away and trade strictly on the basis of his study and analysis.Greed does not allow to take profits and leads to losses where as fear keeps you away from trading or taking right decisions at the right time.

That's right! Emotions and forex do not mix, and they both operate at parallel lines, such that if one must be a successful trader, he has to ensure at all cost, he doesn't allow his emotional tendency cloud his analytical sense of reasoning.
No wander most traders get unnecessary angry and frustrated. After they have allowed their emotions dictate to then on what to do, they revengefully come to the market to recover what they have lost. And in most cases, they incur more loss.

fast.three
08-17-2011, 02:34 PM
That's right! Emotions and forex do not mix, and they both operate at parallel lines, such that if one must be a successful trader, he has to ensure at all cost, he doesn't allow his emotional tendency cloud his analytical sense of reasoning.
No wander most traders get unnecessary angry and frustrated. After they have allowed their emotions dictate to then on what to do, they revengefully come to the market to recover what they have lost. And in most cases, they incur more loss.

The cases that you mentioned often occurs by traders, especially beginners. That is when they get a loss, then they trade with emotions without analysis and good management. And the result is a loss they experienced back that caused the account to stop out. Looking at this case it is appropriate that traders avoid mixing emotions in trading. Remove yourself from the surge of emotion, either greed or fear.

paktri
08-17-2011, 02:38 PM
Uncontrolled emotions will make us forget the trading system rules and rule MM, because it was greedy and wanted revenge, I also feel like it, should immediately seek a solution, it always happens in almost all activities included in the forex trading. the solution is to have a target in the trading, the target maximum loss and targets that must be accomplished in that day when the daily traders.

whether you 've realized that the real enemy in this business is yourself. to be successful you should be able to control yourself. including controlling the emotions, the nature of greed and fear nature, i realized my enemy. I am trying to kill that enemy. but, sometimes it kills me. Anyhow, i hope that will gone from me. There are lot of ideas in this forum to control greed and fear.

emotional control will make the discipline to rule trading system and money management rules, I have thought of a strategy but I don't know if this will work. If you have an indicator that makes you lose more than win, and you have tried it for a long time. Then you can win by reversing the signal that it gives.it seems that your targets are too tight thats why the sl hits first though your direction of movement of the market may be right after hitting it.

psychological problems are complicated, and difficult to get a solution, I am looking for a way to trade with more calm, so I can help psychology remains good, I hope I am safe and profitable trading dsengan TF daily use, I think a big TF can to minimize false signals, and my style of trading with intraday

waheedpcc
08-17-2011, 03:01 PM
Uncontrolled emotions will make us forget the trading system rules and rule MM, because it was greedy and wanted revenge, I also feel like it, should immediately seek a solution, it always happens in almost all activities included in the forex trading. the solution is to have a target in the trading, the target maximum loss and targets that must be accomplished in that day when the daily traders.
there are two kind of emotions which play an important role in the overall trading and that are referred as Negative emotions and Positive emotions, when in brian hypothalmus secret more thinking we become undisturped and do the trade in wrong way, but we can take control of our trade, one thing that i want to say that while you are down, should not make decision in hurry take rest and then do trade

B.angel
08-17-2011, 08:19 PM
Suppose,emotions are the enemies of Forex trading.You should treat them as you are treating with your enemies.I means to say,when you are feeling some emotional problems like feeling fear or anything else,you should avoid trading at that time.Forex trading and emotional interference both can't be mixed and can't be happen at same time.May be they can happen but you should expect worst results from your trading then.I will suggest you to trade 2 times when you are emotionally disturbed and trade only one time with cool and calm mind.I think you will judge better with trading is better.

waheedpcc
08-18-2011, 11:07 PM
whether you 've realized that the real enemy in this business is yourself. to be successful you should be able to control yourself. including controlling the emotions, the nature of greed and fear nature, i realized my enemy. I am trying to kill that enemy. but, sometimes it kills me. Anyhow, i hope that will gone from me. There are lot of ideas in this forum to control greed and fear.
by the who one want to loss his money, it`s useless to blame our self or said that i`m enemy of myself, yeah some time man do wrong thing but does not mean that he or she really want to some thing bad.
when you do trade take it seriously and don`t go with negative emotions right

Lilian Nmeregini
08-19-2011, 03:26 AM
Yes, we shouldn't mix our emotion, especially for us who used forex as part-time job, in trading. It could affect to our consideration to make decision. We must have good psychology when we decided to trade in forex market. I mean, we must control our own selves first before we could control our trading account. If we are not in good mood, we shouldn't trade first.

I think one important think I picked from your comment is that whenever we are not in a good mood, we shouldn't trade. And that is right. Our emotions has somehow, a direct or indirect effect on our trading decisions. Since forex trading is more of a logical and analytical kind of trade, we should endeavor to put emotions out of it, otherwise, it could lead to regret after-all.
For me, mixing emotions with forex trade, is like mixing palm oil with water. So, its better we channel all our intellect in improving our forex trade, instead of messing it up with emotional consideration.

waheedpcc
08-19-2011, 11:24 AM
I think one important think I picked from your comment is that whenever we are not in a good mood, we shouldn't trade. And that is right. Our emotions has somehow, a direct or indirect effect on our trading decisions. Since forex trading is more of a logical and analytical kind of trade, we should endeavor to put emotions out of it, otherwise, it could lead to regret after-all.
For me, mixing emotions with forex trade, is like mixing palm oil with water. So, its better we channel all our intellect in improving our forex trade, instead of messing it up with emotional consideration.
well trading is an business not at all romance lol, you have to keep your self cool because you are trader and good mood need and also total mental concentration need on each trade, although mood effect the trade in any way, but that`s you are responsible for this .
when ever we think about any think an charts of that things comes out in our which never remove or can`t be remove so by thinking there is cycle of building thinking map, so you have to think about if you do that your total concentration on trade, and don`t ever fight with any one before entering in the market after that you can..lol

Lilian Nmeregini
08-20-2011, 03:44 AM
@waheedpcc,
Referring to mood, doesn't necessarily has to do with romance, lol. Mood can actually affect the state of mind. And once one is not emotionally stable, he cannot concentrate on his trades, neither can he carry out a thorough market analysis and research. Hence, mood control is very important, especially knowing fully well that we are emotional humans that are influenced by feelings. Though we on our own part should do everything withing our disposal to bring the effect of mood to the barest minimum. Cos, actually, mood and forex do not mix.

luvs
08-20-2011, 08:17 AM
Emotions and forex trading we should not mix them because if we mix them then the result will not be profit it will be loss becasue emotions makes the trader more greedy and in greed they get blind they only see money around them and they make mistakes in the greed which as a result is loss. Forex trading is the trade where the trader should be careful active and alert not greedy, afraid. WE have also learn in our colleges that in business we do not mix emotions.

waheedpcc
08-20-2011, 07:38 PM
Emotions and forex trading we should not mix them because if we mix them then the result will not be profit it will be loss becasue emotions makes the trader more greedy and in greed they get blind they only see money around them and they make mistakes in the greed which as a result is loss. Forex trading is the trade where the trader should be careful active and alert not greedy, afraid. WE have also learn in our colleges that in business we do not mix emotions.
of course if we go with negativity and get mix with them we can`t do trade properly which is actually not all good sign for us. i think when an trade sit down on the seat of trading then he or she should just about trading and keep busy your self in doing some thing because when we you keep busy with you`r mental concentartion on that remain and you do better or peform better, and also kick out the greediness from your mind

npes2009
09-16-2011, 11:14 AM
Emotions does not mix with forex trading at all. If you want to be successful as a forex trader, you must learn to control your emotions when you are trading. You must learn to know when it is time to stop trade or start trade again because if you follow your emotions, you will end up loosing big time even more than your expected loose amount. So stop the emotions in your trade today!

Oh yeah. Of a real truth, emotions and forex do not meet. Now forex is a business which is going into another level of sophistication. In fact, it has gone into that level already. So therefore, it will be accounted unwise to that person who then enters forex market with emotions after knowing these things. Not what EMOTIONs can do to a forex trader is that it increases his financial taste which is also known or called greed. So I plead that you go trading without emotions>greed because it will ruine you and your trade.

Oh no! A thousand times no, emotions don't mix with forex at all... Now emotions are factors of psychology which cannot be excluded in any business... There is a tendency that emotions can ruin your business only when you let it do so. Now looking at it in the forex trade, you see that in forex, there is a big opportunity for you to get rich, so emotions grows up within you, and it start bringing vain assumptions... When you then go by those assumptions, you get into danger. So control your emotions. So disciplin yourself that emotions will be afar of! When you wanna trade and you find your emotions rising, speak to your self and say 'I am not trading by my emotions today, I am trading by the rules and principles of my plan today' if that doesn't work, shut your system and go to bed... That way, you discipline yourself to be free of emotions in your trade.

andry777
09-16-2011, 11:58 AM
Emotions does not mix with forex trading at all. If you want to be successful as a forex trader, you must learn to control your emotions when you are trading. You must learn to know when it is time to stop trade or start trade again because if you follow your emotions, you will end up loosing big time even more than your expected loose amount. So stop the emotions in your trade today!

That was right, if we want to be successful traders so we must have ability to control our own emotion because emotion could give high impact to result of our trading. If we can control our emotion well, so we can make better decision and we didn't break our own rule. Many traders who can't get good profits because they are too careless and followed their emotions only. We can't trade without our emotions, because we are human, so we must know how to control it. I think each trader should know when is time to start trading, when is time to open and close position, and when is time to exit from trading. If we didn't have plan or limitation about that, it will be risky for our emotion.

ceejaye
09-17-2011, 12:14 PM
Emotions does not mix with forex trading at all. If you want to be successful as a forex trader, you must learn to control your emotions when you are trading. You must learn to know when it is time to stop trade or start trade again because if you follow your emotions, you will end up loosing big time even more than your expected loose amount. So stop the emotions in your trade today!

Well said and pointed out correctly. This is a note of warning to all traders both the newbies and the experts.

Emotional trading should be avoided completly in forex because it can lead to untold huge losses which is capable of blowing up your account.

It is difficult to control emotions in trading but it worth it seen it can save you from huge losses while trading. It is better to discipline yourself and maintain your profits than neglecting emotions and making repeated huge losses.

waheedpcc
09-17-2011, 02:08 PM
Well i think that some time when you go with your negative emotions (greediness) you make lot of money because that time your entry is good but this not happen on each trade on just lucky trade
Emotions play an vital role in our trade right so an trader should need to learn from the first that how control the emotions.
The trick which i`m using it`s just that not to be over confident because it`s also an emotions and if you become over confidence directly mean that your psychology towards is weak so i just get the moderate number of pips with low lot size and get out of the trader

ansops
09-28-2011, 05:41 PM
Well i think that some time when you go with your negative emotions (greediness) you make lot of money because that time your entry is good but this not happen on each trade on just lucky trade
Emotions play an vital role in our trade right so an trader should need to learn from the first that how control the emotions.
The trick which i`m using it`s just that not to be over confident because it`s also an emotions and if you become over confidence directly mean that your psychology towards is weak so i just get the moderate number of pips with low lot size and get out of the trader
No doubt being over greedy is destructive so also being over afraid.So what is the tolerable level of
greed and fear or call it ambition and caution if you like.This is something which would vary from individual based on level of experience and knowledge.Each trader needs to look at his trading past and try to see how he had been sucessful while targeting a particular percentage profit either per trade or per day.There are traders who dont have problems targetting 10% return in a day whereas to target 5% for some will amount to greed.

Lilian Nmeregini
09-30-2011, 03:55 AM
@ansops,
Like you rightly mentioned, greed is quite destructive, likewise fear. And knowing all of these things, it is no longer wise for any trader to go into forex trading, while having these emotional set-backs with him. Forex trading has gone to another level now, and the sophistication it is moving with cannot afford to have emotions to contend in the place of critical analytic reasoning, which is done to achieve knowing the direction of the market. Emotions can only make a trader trade by impulse, and not by analysis.

ansops
10-01-2011, 12:13 PM
@ Lilian Nmeregini,emotion surely makes someone to trade by impulse.But iam particularly interested in those cases whereby a trader comes to the trading platform determined not to work based on emotion but rather on his trading plan and be disciplined,however once losses he is in a trade loosing,he abandon all his plans including plan B and try to do anything he feels can save him out of the situation whether well reasoned out or not.Since emotions dont mix with trading,in many cases such people end up loosing further more.

Lilian Nmeregini
10-02-2011, 04:52 AM
@ansops,
That is well thought of you. Traders when they find themselves in a desperate situation, they tend to reason that they cannot afford to lose out their capital. And because they must protect it at all cost, they will try every tactics possible just to save the situation, and some of them will be induced by feeling. And in the long run, they will record a great loss that they cannot be able to contain. Since emotions and forex trading are two poles apart, trader should endeavor to avoid it at all cost.

waheedpcc
10-03-2011, 08:39 PM
forex trade is not a place where you come to play.when one is coming to this place for the forex trade he or she should be prepared to put out side the feels he or she have had before coming to forex trade.it will not help if you come to forex trade with emotional feeels because you are going use that attitude of yours to affect the forex trade which is not good.emotions should not be mixed with forex trade.
This is not an set of clothes , which you hate you can out aside it, you are human and it`s nature of every human that when money question is there emotion come there, Emotions can be neglect but if you try to minimize them, then is opportunity that emotions will not affect you trade and this is possible when you are doing trade to learn not to get the money because when you see minus sign in profit/loss section you emotions tells you stop trade by hurry decision all money gone , so an trader should be remain in patience in the trading always

ekajoey
10-08-2011, 03:14 AM
This is not an set of clothes , which you hate you can out aside it, you are human and it`s nature of every human that when money question is there emotion come there, Emotions can be neglect but if you try to minimize them, then is opportunity that emotions will not affect you trade and this is possible when you are doing trade to learn not to get the money because when you see minus sign in profit/loss section you emotions tells you stop trade by hurry decision all money gone , so an trader should be remain in patience in the trading always

means the trader is in bertradingnya just rely on it without regard to emotional factors such as technical indicators and fundamental news ...
especially when it sensed a margin call ... most traders feel challenged to re-enter the market again just because the element of revenge without being accompanied by sufficient knowledge about forex itself ...

waheedpcc
10-08-2011, 09:07 AM
means the trader is in bertradingnya just rely on it without regard to emotional factors such as technical indicators and fundamental news ...
especially when it sensed a margin call ... most traders feel challenged to re-enter the market again just because the element of revenge without being accompanied by sufficient knowledge about forex itself ...
i did not understand your exact point of saying, in my opinion the trader should do trade always logically because when you in of any trade you should have solid reason for that other wise problem will be higher if you trade blindly or doing trade with doing any analysis.
Emotions is an other thing and equipment of trading is an other one, you can`t mix them to gether , about margin i did not understand that how it can be come if you put an proper stop losses in your trading? am i right!!

shahzad0able
10-08-2011, 05:46 PM
forex trade is not a place where you come to play.when one is coming to this place for the forex trade he or she should be prepared to put out side the feels he or she have had before coming to forex trade.it will not help if you come to forex trade with emotional feeels because you are going use that attitude of yours to affect the forex trade which is not good.emotions should not be mixed with forex trade.

Exactly forex trading is not a game, this is pure business, real time investment opportunity, where real money is made or lost. So, emotions have to take part in every second of the business.
After placing a trade its a natural feeling that if you are in profit you will feel extremely good especially if you are a newbie and if your trade suddenly goes against you either for a couple of minutes or so, you will get emotional during that period.

najam514
10-08-2011, 07:15 PM
The business of forex trading bases actually upon the emotions whether these are emotions of fear or emotions of greed. So we can not say that emotions can be set aside while trading. But the need here is to keep those emotions in limit and the successful traders are those who succeed to control those emotions of fear or greed.When on starts trading and earn some profit an emotion of greed at once erupts in the traders' heart and as time passes it completely overpower him which ultimately ruin his business.

ansops
10-09-2011, 01:26 PM
The business of forex trading bases actually upon the emotions whether these are emotions of fear or emotions of greed.

But,once emotions take over trading it can be disastrous.So also are the emotional features.For instance someone may just believe that since he has made almost all of his profits from short positions,then the market must be going on short and hopefully he will make his profits then.Therefore he will take a sell position despite seeing all indicators going on long. So also he could decide that as an American,he want his country'currency to be strong so he will sell eur/usd depite all indications that market is going on long.

ansops
10-23-2011, 11:23 PM
It is really saddening when you see a lot of traders both old and new getting broke simply because they cannot control their emotion.i have equally come to know that many people with military background do well in the market simply because they can control their emotion.Thus i would advise traders that outside trading they should try to get themselvies involved in hobbies and recreational activities that place high focus on control of emotions and hobbies.

nehmer
10-24-2011, 12:33 AM
The decisions and emotions affect us more sometimes it will kill our account if we are not careful sometimes it will be revenge trading already if we get emotional on it since sometimes when greed comes in it will bad already on your part we do make rational decisions based on what we see and what we feel. The truth is the market is not friendly to us we need to make sure that it will not affect us no matter what happens we push through our plans for our future trading.

najam514
10-24-2011, 07:41 PM
Trading with cool and calm mind can lead to success and I also want to do that. But most of the time I think cool and calm minded person remain content with only a small profit and they have no courage to trade more as they have big fear of loss. But in my point of view aggressive traders although they sometime commit mistake due to their greedy nature but they most of the time manage to earn huge money as compared to those who are coward.

dollarman
10-24-2011, 10:14 PM
Forex trading is a good thing to do, since it makes room for anyone who wants to trade and make a living to be possible. But you will know that this is truth when you are making loses in the market trade while these may seen to be what takes your mind concerning the market, this will show to you that you are negatively down, this is one of the reasons why we need to control our feeling, to say that forex trade and emotion don't mixed together is impossible.


Forex Trading Online has made me see how people can be out of good behaviour because of the things that goes on in the trading in forex trade. You have to note that in forex trade you have to be ready emotionally for what you want in the trading in forex trade. Learn to control and exercise your ability to handle financial details very well, though it may not be easy but you can out live it and become successful in it.

Forex trade has made me see how people can be out of good behavior because of the things that goes on in the trading in forex trade. You have to note that in forex trade you have to be ready emotionally for what you want in the trading in forex trade. Learn to control and exercise your ability to handle financial details very well, though it may not be easy but you can out live it and become successful in it.

Emotional trading you might have in trading in the forex market but not always all the time because it is not the standard requirement of trading in the forex market though a lot of people will not want to agree to it in its total entity but it has shown to us that there is need to recognise it no matter how it may look like and how it might be small. Forex trading is awesome when it comes to the aspect of emotional dealings.

Don't allow your present stage of trading in the forex trade market results be the parameter which you use to judge how you can control your emotions. Emotions in trade of forex have made many rich and also very poor. Donít play with aspect of checking your ability for trading in the forex. Believe absolutely that you can control your emotions and use it to profit your expectation.

Emotions are good factor of business, though they are variable in nature but we have to make it an important aspect of our trading skills. When you are able to do the things you need to be successful, you will now see that stay above our emotions is a very good thing while you trade in the forex trade. they can guide you in making wise choice.

When your emotions are mixed up when you are trading it would help you to get forward in your trading in Forex trade. People has made many mistake in their choices when it comes to this aspect of emotional feelings. For you to gain and also to avoid lose in your trading in the forex trade, there are need for you to make an amendment in your feelings.

Forex trade has so way of balancing the attitude of forex traders both negatively and positively in emotions. the truth of the matter is that when you are not happy there is a way you could behave as you trade in forex trade and when you are happy there is a way you will response to trade in forex trade market. yes both do mix together.

From previous trading in the forex trade market there is a need for one to control his or her emotions while trading and also have in mind that when emotions are wrongly nurtured it can lead to wrong judgment in your trading. Forex traders must have their emotions guided and well applied. there is always a need for you know the state of your emotion.

If emotions in trading in forex trade are mixed up when traders are trading in forex trade it will help to get forward in the traders trading in Forex trade. Traders in forex have made many mistake in their choices when it comes to this issue of emotional mix up with trading. For forex traders to gain and also to avoid lose in their trading in the forex trade market, there are need to make an amendment in oneís feelings.

ceejaye
10-25-2011, 03:36 PM
The business of forex trading bases actually upon the emotions whether these are emotions of fear or emotions of greed. So we can not say that emotions can be set aside while trading. But the need here is to keep those emotions in limit and the successful traders are those who succeed to control those emotions of fear or greed.When on starts trading and earn some profit an emotion of greed at once erupts in the traders' heart and as time passes it completely overpower him which ultimately ruin his business.

As human beings we all have emotions in us. In forex trading, these emotions influences how we trading and also how much we make from forex trading.

A trader has to check his emotions at all times. He must always ensure his emotions does not influence his trades adversely.

It is not good to trade with very low emotions or exceedly high emotions. Moderate emotional trading can keep a trader going at all times.

paktri
10-28-2011, 01:54 AM
Forex Trading Online has made me see how people can be out of good behaviour because of the things that goes on in the trading in forex trade. You have to note that in forex trade you have to be ready emotionally for what you want in the trading in forex trade. Learn to control and exercise your ability to handle financial details very well, though it may not be easy but you can out live it and become successful in it.

In forex bussiness, there is no shortcut way to success. We must always learning on forex trading and improving our trading skill to make profits. Make consistent profits is every trader dream, so we have to keep learning, there is no shortcut to success in forex trade, because we must have an accurate analysis, have a good psychology, and always uses money management in our trade, and this requires a long time.

hongshui
10-28-2011, 10:08 AM
forex trading is not easy as you see it need more experience and more knowledge you must change this idea

:think:
I am so think! Yesterday I lost my all of trading on the forex, that is so bad to me at that time! As I can't control my emotions and the failed in trading! If I can restart at the begin of trading, I will keep clam at the trading!

budado
10-28-2011, 12:39 PM
If you are in forex trading you must learn three things. One is money management. Money management is how much you are willing to use for a certain pair. That means every trade you only need to use lets say total of 20%. so even if you loss you only loss maximum of 20%. The next one is strategy. Theirs so many ways to trade. Like long term and day trading. And theirs so many strategy to use. The third one is margin.

paktri
10-30-2011, 11:42 AM
Forex trade has made me see how people can be out of good behavior because of the things that goes on in the trading in forex trade. You have to note that in forex trade you have to be ready emotionally for what you want in the trading in forex trade. Learn to control and exercise your ability to handle financial details very well, though it may not be easy but you can out live it and become successful in it.

correct, forex requires high discipline, and it is the key to successful trading, discipline with trading rules.many websites to learn forex, and I think have the same core, the forum is also great for learning, and can share knowledge and experience, trader must learn to keep, update knowledge of forex trading because forex is a dynamic

motiurbd
10-31-2011, 09:58 AM
:think:
I am so think! Yesterday I lost my all of trading on the forex, that is so bad to me at that time! As I can't control my emotions and the failed in trading! If I can restart at the begin of trading, I will keep clam at the trading!

Ohh... so sorry for that.. Dont you use money management? I think you will do better if you use daily target of winning or losing.. Even I faced like this several times.. But now I trade only on a daily target basis.. If I reach my target then I stop trading..even if I reach my daily losing target then I also stop trading.. In this way I am securing my trading account from getting a frequent margin call.. I think you should use this also.. Then your emotions will not hurt you like this anymore..

sirwilly
11-01-2011, 05:27 AM
Emotional trading is rarely helpful to the trader. On many occasions, after I've made my technical analysis and decided on a trade, then it's time to execute the trade, but strange ideas start coming into my head: this trade looks good, move the profits, or lower the losses, or remove the SL altogether. Often these thoughts once I fall to them, become the sources of my own misfortunes. It has taken me quite some time, but I am slowly becoming master of my own emotions.

It would appear that the role of emotions in Forex trading is being constantly over-emphasised, but in reality not enough emphasis has been drawn to it. Emotions are still a leading cause of losses in Forex trading. Emotions are a big factor that shape investor behavior and if they are not properly controlled, then the trader will be sure to fall to the very evils he was taught to avoid such as over-trading, fear, greed, emotional analysis and suchlike.

skinky
11-01-2011, 07:54 AM
Hello people, some of us discuss emotion as if its physical or something one can control with a flip of a switch. Well, its just a state of mind ( e.g mindset, composure, mental alertness etc..), or how a trader composes himself/herself while trading.
However, being in control emotionally's the ability to trade purposefully without bias or distraction of any kind. Nevertheless, the more a trader learns and gather experience, the more negative emotions'r relegated to the background. So, the key to controlling emotion's learning more.

What sort of emotion're we talking about here, is it negative or positive emotion? I think we should draw a line between the emotion we need to control and the ones we need to encourage.
I believe there're some emotions that're healthy while some others've negative effects. The desire to win or winning mentality, never give up or perseverance, etc, are all positive emotions that need to be cultivated while greed, desperation, depression among others, are negative emotions that need to be controlled. Thus, emotions that could've negative effect should be controlled while those the positive ones're developed.

nahiyar
11-01-2011, 01:31 PM
Emotions and Forex trading, these both are enemies to each other, and should never be mixed during trading.Forex is such a market, where all decisions should be made on the base of analysis and mind thinking, instead of on emotional basis.If a trader is trading in Forex, so he must have to control his emotions, because there will be several times when he will face the loss.So if he was going to be emotional on every loss, so it will cause him to be angry and he will decide to take the revenge of the market in emotions, and as a result, he will keep on making more wrong decisions, while will result for him only in the loss, and even the whole account destruction in the end.We need to be patient in Forex, if we want to survive in live trading..

paktri
11-04-2011, 02:27 AM
It would appear that the role of emotions in Forex trading is being constantly over-emphasised, but in reality not enough emphasis has been drawn to it. Emotions are still a leading cause of losses in Forex trading. Emotions are a big factor that shape investor behavior and if they are not properly controlled, then the trader will be sure to fall to the very evils he was taught to avoid such as over-trading, fear, greed, emotional analysis and suchlike.

emotions have a role in the analysis, because the emotions that control will make an analysis in accordance with the trading system rules, and also discipline in money management rules, so it is very important to control emotions, I feel more and learn forex, the more that must be learned, and the more complex, but I believe that a simple analysis could be to generate profit

motiurbd
11-04-2011, 05:01 PM
Don't allow your present stage of trading in the forex trade market results be the parameter which you use to judge how you can control your emotions. Emotions in trade of forex have made many rich and also very poor. Don’t play with aspect of checking your ability for trading in the forex. Believe absolutely that you can control your emotions and use it to profit your expectation.

Problem with us is we know all of these.. But we dont apply it in our trading.. Its not like even newbies dont know about Greed and Fear... But its hard to apply in our trading.. This is why we lose this much.. I think we should trade only based on a strategy... When we will trade as the same way for a long time I think only then we can overcome from this situation.. But the most important question is How To Do That?

shahzad0able
11-05-2011, 04:06 PM
It would appear that the role of emotions in Forex trading is being constantly over-emphasised, but in reality not enough emphasis has been drawn to it. Emotions are still a leading cause of losses in Forex trading. Emotions are a big factor that shape investor behavior and if they are not properly controlled, then the trader will be sure to fall to the very evils he was taught to avoid such as over-trading, fear, greed, emotional analysis and suchlike.

Yes, its quite true, I myself put so much stress in emotions that we should not let emotions enter in any trade but often I become a victim to emotional trading.
We do talk much orally on this topic but practically we are still lacking its adoption in our trading. I had my self seen some traders from this forum that had faced loss due to emotional trading.

paktri
11-08-2011, 10:38 AM
When your emotions are mixed up when you are trading it would help you to get forward in your trading in Forex trade. People has made many mistake in their choices when it comes to this aspect of emotional feelings. For you to gain and also to avoid lose in your trading in the forex trade, there are need for you to make an amendment in your feelings.

Uncontrolled emotions make traders wanting revenge and greed. This is a big problem, because it is very risky, and could be loss of even a margin call. Sometimes traders are not willing to admit mistakes and blame trading system, when a trader makes a mistake, because no rule of discipline on the trading system, use money management can make the account more secure and fast no margin call, I several times breaking money management rules, and gets a big loss, I do not want to repeat the mistakes

realfun07
11-08-2011, 07:19 PM
yes emotion and trading in Forex doesn't inter mix. to trade in Forex we need to be alert and need to control our emotion to have a better achievement and for the profit. we need to avoid Greed while trading in Forex. it is better way of trading. we must be mentally very alert while trading and must have a good think and planning for the successful trading. emotion is the alternative of FOrex trading. with negative emotion we cant be successful trader in Forex trade.


No matter how hard you try to control your emotions but they to tend to come into existence and play their part and specially while trading with all those market movements in form of spikes and swings.A trader tends to get carried away due to this and forgets all his study and analysis and this is where Greed comes into existence and plays its part.

After successive losses it is fear that plays its part and no matter how correct your study is but fear refrains you from trading.So try and control them to maximum you can.

paktri
11-10-2011, 09:19 AM
From previous trading in the forex trade market there is a need for one to control his or her emotions while trading and also have in mind that when emotions are wrongly nurtured it can lead to wrong judgment in your trading. Forex traders must have their emotions guided and well applied. there is always a need for you know the state of your emotion.

right, control your emotions and have a trading plan, so that it can lead to trading the right direction, and could discipline the rule trading system and money management rules,I'm still trying to control your emotions, so I can have a good psychology and can trade with discipline on the trading system rules, to be able to control emotions in doing this forex business will indeed require experience and practice long enough to learn in order to get good results.

shahzad0able
11-11-2011, 02:58 PM
Emotions and Forex trading, these both are enemies to each other, and should never be mixed during trading.Forex is such a market, where all decisions should be made on the base of analysis and mind thinking, instead of on emotional basis.If a trader is trading in Forex, so he must have to control his emotions, because there will be several times when he will face the loss.So if he was going to be emotional on every loss, so it will cause him to be angry and he will decide to take the revenge of the market in emotions, and as a result, he will keep on making more wrong decisions, while will result for him only in the loss, and even the whole account destruction in the end.We need to be patient in Forex, if we want to survive in live trading..

Well both can be called enemies but if you don't let emotions enter your trade they both won't be facing each other and so will not cause any harm to your trading. If you keep your focus on following your plan you should be easily able to keep emotions off your trading. But if you just enter the market without any plan then your emotions will sure come into play and you will be facing loss as well. So, always prepare a good plan before entering the forex markets.

ceejaye
11-11-2011, 03:08 PM
Emotions are hard to control in forex trading because the trader seldom knows when they begin to have bad effect on him.

Emotional control is often a problem especially when a trader starts lossing, his mindset becomes too poor and his sense of judgement becomes blurred due to the losses. At this point, he trades wrongly due to poor emotional control.

realfun07
11-11-2011, 05:51 PM
right, control your emotions and have a trading plan, so that it can lead to trading the right direction, and could discipline the rule trading system and money management rules,I'm still trying to control your emotions, so I can have a good psychology and can trade with discipline on the trading system rules, to be able to control emotions in doing this forex business will indeed require experience and practice long enough to learn in order to get good results.

A successful trading strategy should have all the contents and also one of the content should be control of emotions and one best way to do that is money management and risk management so that one can do emotionless trading.Best way to trade is to put stop loss and take profit to all the trades and a good trading psychology is to be disciplined nd patient in their approach apart with confidence.


We should always avoid the emotions in Trading. Because emotions can make you ill to take right decesion in business and it may be possible you will receive a loss instead of profit. You should always control your emotions otherwise you cannot think properly to do your business. Avoid the emotions and take the decesion with self confidence.

Emotions and trading never go well along together.Specially emotions like fear and greed can kill a trader in this market and ruin all his account.So in this case a trader needs to be confident and patient and have disciplined approach towards this trade with application of money management skills thereby reducing their losses.

kapilkhanna
11-13-2011, 08:32 PM
We should always avoid the emotions in Trading. Because emotions can make you ill to take right decesion in business and it may be possible you will receive a loss instead of profit. You should always control your emotions otherwise you cannot think properly to do your business. Avoid the emotions and take the decesion with self confidence.

sunset
11-30-2011, 08:11 AM
I guess emotion is the biggest enemy of Forex. So it would be better if the trader try to avoid all the emotion during their trade. Its not 100% possible to remove the emotional problem but still trader can work on it to minimize it. Emotional problem like feeling of greed, taking unwanted steps is due to the inexperience. So for this trader need to exercise a lot in demos . If these problems are included in your trade then I guess its impossible for you to be successful in Forex.

budado
12-12-2011, 06:28 AM
I guess emotion is the biggest enemy of Forex. So it would be better if the trader try to avoid all the emotion during their trade. Its not 100% possible to remove the emotional problem but still trader can work on it to minimize it. Emotional problem like feeling of greed, taking unwanted steps is due to the inexperience. So for this trader need to exercise a lot in demos . If these problems are included in your trade then I guess its impossible for you to be successful in Forex.
Nope emotions is not the biggest enemy of forex. Because forex is not at all affected by emotions. Its use. The one who trade that has problem with emotions. If we loss a trade and we are not equip to handle emotions we trade by emotions we don't trade by strategy. As we want to earn back our loses we end up trading carelessly and end up losing more.

grecy095
12-16-2011, 02:27 AM
Entertaining emotion while you are in Forex Trading only means that is your weakness. When you enter Forex, you already accepted your faith inside it, that not all the time you get what you want, actually most of the time what happens to you is not what you anticipate. Moreover, it is right that you will feel sad when you lose your money but you need to move ahead as fast as you can and focus on what is needed to do. Good thing if you take note of the mistake you did before and avoid it from happening. Also when you are stress, emotions strikes. Do not entertain the drama, act on solving the problem.

pal1n2
12-17-2011, 10:38 AM
Trading forex wisely doesn't involve emotions. Trading forex is about analysing all the aspects of the market, the ups and downs that apear. Emotions come in when we are insufficient prepared for a trade, when we are not sure about what to do and that makes us uncertain. When we are uncertain about our skills or about the system the we use to trade it slows us down,it can sometimes make us forget how to minimize our losses if our trading system fails, or how take a lower risk in case something goes wrong. Emotions in forex are not good because they can make us loose our perspectives. Trading is about practice, knowledge and focus.

kalex76
12-18-2011, 06:56 PM
One shouldn't involve emotions in the market,its absolutely correct .In maximum cases its seen that traders just want to trade currency pairs according to the market sentiments only without knowing the proper reason for the movement.Some traders even love to chase a particular currency pair again and again ,which results in increasing the risk of more investment .In such conditions,even though such traders knows that they are trapped ,still couldn't control the emotion .Trading should be with our mind and shouldn't hamper with emotions.

budado
12-24-2011, 02:03 AM
One shouldn't involve emotions in the market,its absolutely correct .In maximum cases its seen that traders just want to trade currency pairs according to the market sentiments only without knowing the proper reason for the movement.Some traders even love to chase a particular currency pair again and again ,which results in increasing the risk of more investment .In such conditions,even though such traders knows that they are trapped ,still couldn't control the emotion .Trading should be with our mind and shouldn't hamper with emotions.
Can you elaborate? I don't get why theirs an increase of risk if you chase the same pair. As actually its more beneficial if you trade same pair over and over again. As you can develop sense of trend on that particular pair. You already familiar with its patterns. In fact I'm doing scalping using the same pair for many months now and its increases my confidence simply because I already some how familiar with the patterns.

seahawks90
12-24-2011, 06:42 PM
As we have discussed the same thing a lot of times and we all know that in trading there is no space for the emotions because if you are carrying emotions along with you then i must say that you can't invest in trading because emotions will never ever let you invest because if you have emotions then its obvious that you must have fear of loosing but in forex i think you have to trade without fear.
Thanks

budado
12-26-2011, 02:23 AM
As we have discussed the same thing a lot of times and we all know that in trading there is no space for the emotions because if you are carrying emotions along with you then i must say that you can't invest in trading because emotions will never ever let you invest because if you have emotions then its obvious that you must have fear of loosing but in forex i think you have to trade without fear.
Thanks
If you want to trade without emotions then use bot instead.
I really don't understand why many insist that emotion is bad in forex trading. Lack of strategies and knowledge in forex trading is to blame. Its you who need to be blame for not doing your homework and not your emotions. Like charts, emotions are also good indicators. For example if you feel fear what those it means? Its means you done something wrong. So if you ignore your fear how can you solve your mistake? If you have good trade and earn a lot you feel happy. and happiness is emotion so you will going to shut it down also? I'm sure if you have a good earning day you grid from ear to ear. Emotions can really help us a lot in forex trading its rewards and consequence.

dhanz_we
03-01-2012, 04:23 PM
this situation will come to me when i felt depressed or stressful because the loss i got or because at that day i have not make any single trade yet so my emotion and my trading strategy did not run well and it might make any error in my account (getting loss). actually i know that all i need is to be calm and just follow the strategy but i dont know whya and i how, i always want to open a new transaction with a high lot size. i hope i can handle this feeling next time.

ashvini
03-02-2012, 05:57 AM
I have paid really huge for mixing my emotions while trading. It has had the direct impact on my account equity and the direct result of mixing my emotion with forex trading was margin call.

Its really very hard to digest when we are the sole reason for our loss. Just a simple control would have made a tremendous difference to my account if i wouldn't have opened trades impulsively, though my trades were along the market trend and in the right direction. My account was not able to hold the draw down period and busted.

fast.three
03-02-2012, 09:46 AM
I have paid really huge for mixing my emotions while trading. It has had the direct impact on my account equity and the direct result of mixing my emotion with forex trading was margin call.

Its really very hard to digest when we are the sole reason for our loss. Just a simple control would have made a tremendous difference to my account if i wouldn't have opened trades impulsively, though my trades were along the market trend and in the right direction. My account was not able to hold the draw down period and busted.

This condition is very common, namely the lack of emotional control and had a margin call or even stop out. Emotional control will affect the control of money management, so it can not be separated. I suggest you are still having trouble controlling your emotions to try to refrain from trading at the wrong time. When you can run it in the first year, I'm sure you will have the ability to control emotions.

adnan10076
03-04-2012, 03:56 AM
Indeed, you really do need to hone your skills at self-discipline and become a virtual master if you truly want to succeed in the fluid Forex market. You donít actually have to be a master to be successful on the Forex market. However, you do need to understand that there is a psychology to investing and that emotions are very powerful forces in any investment market, especially the very fluid Forex. A good investment strategy will consistently produce profits over the long term if properly followed so be sure to control your emotions, do your homework, and stick with your plane.

shahzad0able
03-04-2012, 04:07 PM
There is no place of emotions in forex trading. You have to make a habit of trading without emotions. If you keep on trading with emotions, you will keep losing more money on every emotional investment. Trading is a business that has to be done with cool and calm mind. You cannot take revenge from the market, then market is very powerful, so you only have to follow its rules with discipline not with emotions.

ngepet dolar euro
03-05-2012, 01:40 PM
Emotionless when we make an analysis are really important because make an analysis if we under high pressured psicology condition will make us do a bad decision. So in my opinion we better to stay away from forex market if our emotion are unstable, because we have a personal problem or have a loss in our trading business. After our emotion are calming down then we can entry forex market again. Avoid loss also important beside aim to get lots of profit.

flybiz08
03-05-2012, 04:11 PM
There is no place of emotions in forex trading. You have to make a habit of trading without emotions. If you keep on trading with emotions, you will keep losing more money on every emotional investment. Trading is a business that has to be done with cool and calm mind. You cannot take revenge from the market, then market is very powerful, so you only have to follow its rules with discipline not with emotions.

This is very true as I have never seen any trader over the years actually embark on a revenge journey to the market. If they did, they would end up with more losses, maybe worse than the last time. Letting the market lead the way is a better choice than getting in front of the market due to your emotional influence. It is better to understand quickly in forex that no one has ever made it with emotional investing because emotions don't make the money in this business; rather control does.

Faisal Mehar
03-05-2012, 04:20 PM
Its very interesting question, i think in every business we have to control our emotions and we should do any by using our mind.We can't mix our emotions with Forex because its not child play business after thinking a lot we should take any step in Forex trading.We should work on Forex trading from heart and soul and by using our mind with positive thinking.May be some time we take any step fast and don't think much and there will be loss for our self.

fast.three
03-17-2012, 08:13 AM
Its very interesting question, i think in every business we have to control our emotions and we should do any by using our mind.We can't mix our emotions with Forex because its not child play business after thinking a lot we should take any step in Forex trading.We should work on Forex trading from heart and soul and by using our mind with positive thinking.May be some time we take any step fast and don't think much and there will be loss for our self.

In fact, the trader will always have emotions in trading. It's just that emotions must be controlled so as not to disturb the progress of trading. IN the beginning it was difficult, because of the dominance of emotion in the beginner is very strong. Next we must continue to apply the rules of this emotional control. So the title of this thread will materialize and can trade with controlled emotion.

mazhark
03-26-2012, 12:57 PM
We must have good psychology when we decided to trade in forex market. I mean, we must control our own selves first before we could control our trading account.Sometimes you will make many good initiatives for your business.Trading might just end up to a huge loss if the emotion can't be control and if it can be control, my suggestion is to stop trading for that day nor week instead of making loss.

kasual
03-27-2012, 11:07 AM
Forex trading is a risky job and each take decision activity whether to enter or exit market should be based on rational calculation. emotions of course should not be involved if trader want good trading results. but there are times when things did not match with expectations and all speculation ended badly. in this case many traders are advised to leave the market for a while and do other fun activities.

bisaddkunlevics
06-11-2012, 08:13 AM
Although, there are still emotional traders in Forex trading that still makes it big time, it only depends on the way you use it. Some traders have nice strategy but are just emotional in leaving trade for a long period of time; thereby exercising caution in real trading times. Some may be skeptical just because they believe they can not win. Emotion is truly dangerous in trading.

mirfanalipk
06-11-2012, 10:30 AM
Anyone who has ever run a business will tell you that emotions and business do not mix well. Trading the forex market has many similarities to running a business, mainly because people who participate in business do so to make money, just like most people aim to do with their business. Nevertheless, because of the immediacy of gain and losses in the forex market, people tend to get emotional much more easily then in other types of business. Even with the best laid plain, people often tend to break the rules when emotions take over, even if they have made those rules themselves.

chuna1985
06-11-2012, 09:18 PM
Emotions are quite good enough for all traders to control because we traders who do not have emotional control will have losses because of this. In my opinion, we forex currency traders should make sure that we do not mix our emotions with the trading decisions that we are taking concerning our forex trading orders.

Tirus
06-12-2012, 06:40 AM
The problem with letting emotions get in the way of your business decisions in the first place is that they are likely to make you loose focus and deviate from what your business plan was. The same thing happens in forex trading. If you already have a plan you need to follow through with it without letting your emotions taking control because then you will likely rush into trades for example and encounter huge losses as a result.

waqas iet
06-24-2012, 03:31 AM
The key to success is dependent on two things right decisions and control of emotions which you have to do in order to get bigger profits.If there are emotions involved in your trade you might not get your desired result.Always keep emotions away from you while trading.Emotion control comes with experience but always try to avoid it as early as you can.

ilsor59
06-24-2012, 04:15 AM
We all knew that emotions are a normal byproduct of a traderís life and we need to be able to control those emotions or pause our trading career until we do. Otherwise, we will end up having overtrading, taking bad trade setups, and using poor risk and reward ratios can prevail. By nature, many emotional issues will not impede our trading, but huge trouble often arrives after three or four consecutive losses. Itís at this point doubts and fears can enter our psyche, and our self esteem becomes minimized at best.

ankptl
06-26-2012, 12:42 PM
Emotions is always in us together with forex we can either be profitable or in loosing end. It only depends on great analysis and prediction that you win. the results in loosing gives you a lot of emotions which can trigger a lot of things like greed and revenge trading which may lead to a greater lost in the future.

Emotions already have a significant impact in Forex Trading Interestingly, the presence of psychological analysis of the Forex and analysis that is famous for the presence of strong emotion in the Forex.

sraiki
06-27-2012, 01:06 PM
it' true emotions and Fore trading are two different things emotions depends on our heart and Forex Trading depends our experience, knowledge and ideas.

if we earn profit through Forex Trading, it's possible for our best strategies and it's depend on our market values.

our emotions have no importance but by chance we can get profit through our emotions and i think emotions have importance some business man who care other persons.

ankptl
06-29-2012, 12:17 PM
A trader needs to understand that emotions and forex trading are not a good pair and as such should do everything possible to avoid letting emotions emerge while trading. One way is to invest what a trader can afford to lose which should be an amount that is not too high. when we will trade with emotions even we will make profit we will still feel nervous cause we cant see our way.and anytime everything can be upside down.the best way is to trade with a plan and strategy rather than emotions.one is gambling and other one is trading.It is better for the people or trader who can not control the emotion, not to be focused on Forex Trading here. Because it can be really bad to trade actually. This is the true fact. Forex can not go with emotion

genesis50
06-30-2012, 01:38 AM
@ankptl,
I completely agree with you. Forex trading is in parallel line with emotions. This is because forex trade is a trade where reason and analysis of the market prevails, with the use of specialize techniques and strategies.

But on the other hand, emotions can manifest as a result of feeling and impulse of the trader. And like you said, a trader that trades using his feeling or emotion, is only but gambling. And whoever thinks he can trade the forex trade as if it is gambling, should expect to experience a margin call, sooner or later.

budado
07-02-2012, 03:32 AM
A trader needs to understand that emotions and forex trading are not a good pair and as such should do everything possible to avoid letting emotions emerge while trading. One way is to invest what a trader can afford to lose which should be an amount that is not too high. when we will trade with emotions even we will make profit we will still feel nervous cause we cant see our way.and anytime everything can be upside down.the best way is to trade with a plan and strategy rather than emotions.one is gambling and other one is trading.It is better for the people or trader who can not control the emotion, not to be focused on Forex Trading here. Because it can be really bad to trade actually. This is the true fact. Forex can not go with emotion
I totally disagree. this is the main reason why many loses money in forex. Because they fear what they don't understand. Instead of trying to understand it.
First what's wrong with emotion? None. if you feel fear then theirs something wrong with your trade and you know it straight to your bone that's why you feel fear and the best way to solve that fear is by correcting it.
Do you think if you have trust and confidence to your strategy and your open position do you think you will feel fear? The only reason why you feel fear is because you yourself has doubts with what you are doing. So why will you going to try to ignore it?
So in short you don't need to shut down your emotion. Emotions are good indicators if you only know how to use it.

IRFAN
07-02-2012, 05:10 AM
Yes it is obvious that if a trader want to earn more money then he must be a need of hard working in this trade. If a trader have experience and skills then he must be control over emotions. It is clear that if a trader perform work with emotions then he cannot make better analysis in this trade. Those traders are best in the Forex who have ability to trade.
Many traders earn enough from the Forex and it is the best way to earn more money from the Forex. I think that if a trader have ability to trade then he must be control over emotions and perform work with patience.

ankptl
07-08-2012, 11:34 AM
Yes it is obvious that if a trader want to earn more money then he must be a need of hard working in this trade. If a trader have experience and skills then he must be control over emotions. It is clear that if a trader perform work with emotions then he cannot make better analysis in this trade. Those traders are best in the Forex who have ability to trade.
Many traders earn enough from the Forex and it is the best way to earn more money from the Forex. I think that if a trader have ability to trade then he must be control over emotions and perform work with patience.

We need hard work to earn more money in Forex trading as you said, but also we need technical & fundamental analysis to get success in Forex trading. Emotion is very much harm full for forex trader. The main cause of failure in forex is trade with emotion. A trader must be avoid emotion while trading. He have to take trading decision base on logic and analysis not emotionally.

When a trader makes the mistake of mixing emotions and trading together, it is called emotional investing and it is not good for the trader because the trader may be compelled to trade or exit trade when he should not do so and that can lead to losses.

radex78
07-08-2012, 02:02 PM
I think if we already throw order to the market,sometime our emotion will playing in minds,look order in flating negative will make it's be worried will be wider negative and make loss,but if look flaoting profit our emotion maybe will leading to greedy.

With dicipline with plan trading,why we execute order,and why exit point,maybe someday later will able reduce our emotion.

bigboy
07-08-2012, 06:29 PM
The key to success in Forex is to avoid emotion, and follow our mind, because if we can not control our emotion, we will end up without earning any profit in our trading, that is why we need to control our emotion, while trading, very very important for all traders in Forex, emotion can destroy all what we have spend a lot of time to build, is just like a very harmful virus, that can destroy all our plan for a second, emotion is a deadly virus in Forex, that we don`t need to keep near our self, and if we keep it near our self, we should learn to control it so that it will not destroy all what we have use a lot of time to build, which are the money we use to invest, we should not let emotion to take away all the money we work hard to get.

IRFAN
07-25-2012, 12:26 PM
If a trader want to get success in the Forex then he must be perform work with fully patience. Forex is a risky trade and there is a need of many different methods and techniques in this trade. There is a need of best analysis in the market for success but control over emotions in those time when a trader have best strategies.
Everyone not be able to perform work with patience because the Forex is a risky trade and many traders start work with emotions.

ashvini
07-25-2012, 12:32 PM
one should never mix emotions in any investment field may it be forex trading or stock market trading, we should never trade with emotion. Because by mixing emotion while trading we will not be able to trade with logical reasoning instead we will be overruled by our emotion and tend to take up big lot size to make quick and huge profits which will result in margin call, this is my personal experience.

Forex trading is a pure mind game, thus controlling our mind is very much essential and only the trader who controls his mind will have a control on his account capital and his trading behavior.

budado
07-31-2012, 12:43 AM
one should never mix emotions in any investment field may it be forex trading or stock market trading, we should never trade with emotion. Because by mixing emotion while trading we will not be able to trade with logical reasoning instead we will be overruled by our emotion and tend to take up big lot size to make quick and huge profits which will result in margin call, this is my personal experience.

Forex trading is a pure mind game, thus controlling our mind is very much essential and only the trader who controls his mind will have a control on his account capital and his trading behavior.
I do agree that trading and emotions never mix. This is the main reason why I loss money in stocks and in forex also six and five years ago. Its because of this emotional problem. rather than be rational I end up getting emotional trading that I don't follow my strategy anymore. But do you know what is the reason why you are falling down with emotions? Its because of lack of self esteem. Its because you feel that your strategy or your skills is not good enough or what your doing is not the right one that you put some doubts on all of the decision that you are making.

That's why you must develop self esteem and self confidence. And how will you going to do that? Practice in demo account. The more you practice in demo account the more you earn the more you realize how wonderful forex trading is. And having self confidence really give you positive mood even if your position is not good. Because you know you can bounce back even if you have some losing trade.

ashvini
07-31-2012, 11:24 AM
I do agree that trading and emotions never mix. This is the main reason why I loss money in stocks and in forex also six and five years ago. Its because of this emotional problem. rather than be rational I end up getting emotional trading that I don't follow my strategy anymore. But do you know what is the reason why you are falling down with emotions? Its because of lack of self esteem. Its because you feel that your strategy or your skills is not good enough or what your doing is not the right one that you put some doubts on all of the decision that you are making.

That's why you must develop self esteem and self confidence. And how will you going to do that? Practice in demo account. The more you practice in demo account the more you earn the more you realize how wonderful forex trading is. And having self confidence really give you positive mood even if your position is not good. Because you know you can bounce back even if you have some losing trade.

This is the most common reason why most of the traders lose money to the forex market because they get over ruled by their emotions and tend to interrupt their own trading plan. This way we will not be able to trade with discipline and thus, becoming successful in forex trading business becomes a dream which can never be achieved.

We should take the necessary steps to avoid emotional trading. I have lost huge money because of thus, thus i have made a note of the points which led to losses and keep reading those before trading. This reminds me the negatives of the emotions.

nehmer
08-19-2012, 06:36 AM
A lot of traders who are seeking success on a day would really be emotional if ever they do not profit. We cannot be successful here if we think that would be easy it would be better for us to stop being emotional and make sure that he or she is going to give the best that he can do in order to be successful. A trader should also need not to mix emotions into trading it would only result them not to take control of the situation here which will result them to fail. It is better for us to not trade if we experience emotional stress avoid it and just trade whenever we are ready on our mind for we do not need to rush anything here this is not a race on who gets first the money.

genesis50
08-20-2012, 03:03 AM
@nehmer,
I agree with you. Since we are now convinced that to make effective trading decision, it has to be the function of a thorough research and in-depth analyzed work, both on the fundamental and technical aspect. And as a result, the trader should be completely void of all form of emotional attachment.

It is now very clear that a trader cannot make all of his analysis in order to determine the direction of the forex market, and eventually, allow emotions to influence his trading decision. Hence, as a result, emotion and forex trading with analysis, can never mix.

budado
08-28-2012, 03:54 AM
A lot of traders who are seeking success on a day would really be emotional if ever they do not profit. We cannot be successful here if we think that would be easy it would be better for us to stop being emotional and make sure that he or she is going to give the best that he can do in order to be successful. A trader should also need not to mix emotions into trading it would only result them not to take control of the situation here which will result them to fail. It is better for us to not trade if we experience emotional stress avoid it and just trade whenever we are ready on our mind for we do not need to rush anything here this is not a race on who gets first the money.
That's true. And its going to continue until you reach the point in which you give you trading or just don't mind about profit but about your trading strategy.
In my case I just reach the point in which I don't mind losing money. I just want to know if my strategy is good or how can I create my own strategy and that's were I concentrate. I trade losing for two months and I don't feel stress because I don't mind losing. I just thinking that I want to develop a strategy that is going to work for me.

And after two months I start making profit. Although not big enough to make me rich but good enough to make me happy that my strategy is working. Good enough that I can sleep at night knowing that when I wake up my funds is still their earning me money some how.

valexer
08-28-2012, 03:20 PM
That's true. And its going to continue until you reach the point in which you give you trading or just don't mind about profit but about your trading strategy.
In my case I just reach the point in which I don't mind losing money. I just want to know if my strategy is good or how can I create my own strategy and that's were I concentrate. I trade losing for two months and I don't feel stress because I don't mind losing. I just thinking that I want to develop a strategy that is going to work for me.

And after two months I start making profit. Although not big enough to make me rich but good enough to make me happy that my strategy is working. Good enough that I can sleep at night knowing that when I wake up my funds is still their earning me money some how.

Yes there will come a time when a trader do not already care about the emotions then feel when they lost and all they care about if how they are performing as a trader that should consider the percentage of profit over loss. Sometimes, all you care about is how your strategy works and how much profit does it give you or is it consistent or not? A single loss will not answer this question but a month of trading will define what is right or wrong about your strategy.

Emotions in times of loses are normal especially to the beginners who just suffered their first two or three loses. You will get used to it eventually and you will just feel ok with in later.

ashvini
08-29-2012, 10:25 AM
Yes there will come a time when a trader do not already care about the emotions then feel when they lost and all they care about if how they are performing as a trader that should consider the percentage of profit over loss. Sometimes, all you care about is how your strategy works and how much profit does it give you or is it consistent or not? A single loss will not answer this question but a month of trading will define what is right or wrong about your strategy.

Emotions in times of loses are normal especially to the beginners who just suffered their first two or three loses. You will get used to it eventually and you will just feel ok with in later.

We should never focus on single loss or profit because this has very little to contribute to the net gain or loss. Thus, focusing on the net gain or loss is what the traders should do and then accordingly they can modify or use the existing trading strategy to make consistent profits from the forex market.

Emotions are associated with the profit or loss we make because its the natural human tendency to be happy with the profits made and become upset with each loss made. But professional traders surpass all these levels and would treat both profits and losses as part of the business. They are always focusing on the net gain and on things which can increase the returns by trading in the forex market. We should develop constructive emotions like being disciplined and patient while trading which will help us to become successful traders.

budado
09-02-2012, 01:04 AM
Yes there will come a time when a trader do not already care about the emotions then feel when they lost and all they care about if how they are performing as a trader that should consider the percentage of profit over loss. Sometimes, all you care about is how your strategy works and how much profit does it give you or is it consistent or not? A single loss will not answer this question but a month of trading will define what is right or wrong about your strategy.

Emotions in times of loses are normal especially to the beginners who just suffered their first two or three loses. You will get used to it eventually and you will just feel ok with in later.
That's what I'm trying to promote right now. Because I notice that most posters are actually not trading at all. Theirs just here to post but not to learn and they don't understand the opportunity forex is giving us. I know forex is very risky. I admit. I have hard time earning in here. But perseverance will always going to make use make money in forex.
Maybe not this month, or next month. But continues learning and trading we will eventually end up in profit. And right now I'm hoping that even if 25% of fxfred poster are regular trader. Even if they do trade in other broker site as long they trade I'm sure they going to earn good amount of money in the long run and the best part is that we can help each other how to be successful in forex trading.

bisaddkunlevics
09-07-2012, 09:35 PM
Emotion is truly the real reason why many traders failed, It is not because of the short-come of their strategies but the feelings therein,Where there is emotion, fear sets in,Where fear is, doom is not far there also. The only solution to this is just discipline. Discipline is a thing of the mind, but as a trader, if we truly search your mind, you will know that you can simply achieve this discipline with ease, it is just a thing of the mind.

riazmassa
12-09-2012, 10:34 AM
sure emotion and forex should not be mixed . because we can not take good decision in emotion stage . no doubt i am new one but i have experienced it through my friend trading . in emotion stage he took a quick decision when the market goes up.and also make a big order . and at final he loosed all his capital there. if he remained calm and put the decision after understanding the time of transaction may he not lose all his capital . so here it necessary to testify that forex and emotion should not be mixed

Essentials
12-10-2012, 12:06 PM
yes, i personally also believe that emotions and forex trading don't mix because the market is all about supply and demand so whenever there is a a situation where the supply exceed the demand the price will go down and where the demand exceed the supply then the price will surely go up.

that is the fact of the market and no emotion exists in the market at all. that is why having emotion while you are trading is not even a good thing to have. it is better to not have any emotion at all while you are trading. emotion will interfere with your trading decision and more often then not it will make you lose money.

bigboy
12-13-2012, 09:15 PM
Emotions natural part of human and there is no way they will not come up while we are trading Forex, because some time we will be afraid to trade some time and we will be greed to make more and more profit while trading, if we no how to control them even if the mix we will still make that profit we target to earn

because we knows how to handle them, Forex business and emotions mix and work to gather to help us to make profit only when we knows how to control the emotions, so they things we need to do is to learn and master every thing about Forex and learn to control our emotions in a proper manner.

taxila60
12-14-2012, 08:16 AM
you are wight , but i think as a trader we should hold on our emotions , because ups and downs are the part of any one , so we should take a step to upward and live a happy life
we can not spirits emotions and trading with each the , because both are associated with each other .but there are number of disadvantages in trading due to the associations of emotions , because during emotions trader lose his senses and , he will not have mental capability to take right decision at the right time and at the end he will lose all his investment in trading , so that is why i suggest all trader that must hold on their emotions during their trading .

genesis50
12-14-2012, 04:12 PM
@taxila60,
That's right. The subject of classifying emotions and that of forex trading are really two opposite ends of the pole. Since it has been etablished that trading with emotions has been the downfall of most forex traders, hence is it highly recommended that traders should try as much as they can to minimize the the effect of emotions while trading, so as to get the desired result of profit the trader must have projected for.

Just like you said, during trading, traders that allow emotions to influence their sense of judgement, will somehow, prevent the trader from making his required profit. So, understanding the psychology of the statement that emotions and forex trading do not mix, will to a large extent, make the trader trade with a greater degree of caution, care and precision.

Palove
12-19-2012, 06:50 PM
True to the facts, they do not mix and that is the reason why we all do so hard to contain our emotions from spilling over into our trade. Like when we contain our speech and behaviour when we enter a formal social function like an evening in an art exhibition hall. It is all about doing the right thing at the right time, and that can not be more true than in forex.

At some point, the pressure might build up, till we get some awkward results because it got a little out of hand. However, with time, all this greatly subsidizes and we can get along with trading without having to put much effort in containg our emotions. It is important to note that this comes as a prize to hardwork in practising and so, we should be negligient to practising on how to contain our emotions, as it would prove more rewarding than the stress it would put us through.

taxila60
12-20-2012, 01:28 PM
its true , we do not mix both of them in our trading . because i believe they we should control our emotions in our trading matters , because emotions hold our sense of decision and during emotions we can not make aright decision at he right time .
in forex most of the trader we can see that they are fail due to lack of knowledge and decision power because i think both are important for any trader to gain success in trading we that is why we should control our emotions during our trading and business dealing

ryuken
12-21-2012, 08:05 PM
sure emotion and forex should not be mixed . because we can not take good decision in emotion stage . no doubt i am new one but i have experienced it through my friend trading . in emotion stage he took a quick decision when the market goes up.and also make a big order . and at final he loosed all his capital there. if he remained calm and put the decision after understanding the time of transaction may he not lose all his capital . so here it necessary to testify that forex and emotion should not be mixed
I have seen that forex traders often say that these two domains don't mix at all. I am sure that sometimes you have to consider that trading is not going to be easy with the emotions if you have some desperation or you can't get the loss of the previous trades out of your head. That is the point where instead of trading you should consider the balance of the emotions. If the balance is not met then the chances of you taking the wrong decision while trading is more, that could be dangerous for future.

So overall we have to think that we have some earning goals and we have to consider that we are earning on with some goals. If we are going to be attaching emotions to the forex trading then we couldn't keep the earning for quite some time. I know one thing for sure that emotions there always complicated things and you have to see how they go before trading into the forex market.

radex78
12-22-2012, 12:36 PM
@taxila60,
That's right. The subject of classifying emotions and that of forex trading are really two opposite ends of the pole. Since it has been etablished that trading with emotions has been the downfall of most forex traders, hence is it highly recommended that traders should try as much as they can to minimize the the effect of emotions while trading, so as to get the desired result of profit the trader must have projected for.

Just like you said, during trading, traders that allow emotions to influence their sense of judgement, will somehow, prevent the trader from making his required profit. So, understanding the psychology of the statement that emotions and forex trading do not mix, will to a large extent, make the trader trade with a greater degree of caution, care and precision.

Control emotion during trades is very important for trader i think , because forex trading is need knowledge and experience , using technical analysis or combine with fundamental analysis both is about knowledge in forex trading analysis , so which one that you prefer don't let your emotion disturb to violating your knowledge , if we prefer using technical analysis because it's simple way to analyze the market , look your trading system , don't let your emotion leading you to open entries before your trading system giving signal entry

Emotion usually if trader felt want to revenge , blame their selves , or blame the market , it's very bad result i think if our emotion let us control our decision because it will far away from our knowledge , it will make our dicipline trading will be broken if we mix emotion during trades , even though sometime not easy to separated emotion and knowledge because emotion is human nature , but because forex is business for making money i think will good if we can control emotion

genesis50
12-22-2012, 01:41 PM
@eskino,
Yes! That's correct. Forex traders are always briefed on the importance of forex trading in relationship with emotions. They seem to project the extreme importance of patiently making a thorough market analysis before taken any form of trading decision. Forex trading is defined based on the fashion the trader embarks on it. That shows the difference between a professional trader and that of a beginner. Beginners, do not really know how to trust in the use of market analysis, but some of them seem to depend more on gambling method.

But for traders who really want to get to the peak of their trading career, should never for any cause, allow the use of emotions to interfere with their trading decision. There are rules that traders should not break, and one of them is basing trading decision on a thorough fundamental and technical analysis, done in detail.

motiurbd
12-25-2012, 03:36 PM
Emotions cant give you any profit.. but they can certainly ruin your capital.. because when you have emotions within you, they will not let you think properly.. sometimes they will even tempt you to make mistakes.. this is why expert traders always concerned about their emotions.. whenever they have doubt within them about any trade, they trade those pairs with a demo account.. because they knew that a bad trade cant give you anything except losses.. if you have emotions within you and you cant control it then you should only think about trading in a demo accounts.. So that oneday you can come up with a strategy to beat your emotions from your trading..

Palove
12-27-2012, 08:36 AM
Emotions and Forex are like blood and water. They do not mix, and one should do well to avoid mixing them, because when they are together, they are misleading as to the severity of the damage that they could cause. And thanks to increasing awareness, many have begun to understand the difference between the two and how separate them.

It is not exactly an easy thing to do, but challenging yourself to do it for the reason of becoming successful would spur one to accomplish it over an extended period of time. The most important part i think, is acknowledging that they should not mix, then knowing which emotions would proof more difficult to remove and working harder on such emotions.

radex78
12-27-2012, 12:39 PM
Emotions and Forex are like blood and water. They do not mix, and one should do well to avoid mixing them, because when they are together, they are misleading as to the severity of the damage that they could cause. And thanks to increasing awareness, many have begun to understand the difference between the two and how separate them.

It is not exactly an easy thing to do, but challenging yourself to do it for the reason of becoming successful would spur one to accomplish it over an extended period of time. The most important part i think, is acknowledging that they should not mix, then knowing which emotions would proof more difficult to remove and working harder on such emotions.

Emotion often will come in minds if we dealing with loss transaction , i think as human nature if actually not anyone tarder want to lose money from their transaction , but because forex market very dynamic movement and unpredictable , so dealing with loss transaction is possible occur , we must accept it as part in forex transaction , keep our minds in controlling emotion , never blame our selves , or blaming te market , but we need make evaluation our loss as new lesson , maybe if we can recognized the mistake that causing loss , it will become valuable lesson for future

Controlling emotion is very important to avoided desires to revenge , or desires to make huge profit at short time to recover previous loss , all bad emotion should we avoid and keep in calm minds because forex is not easy way to become rich at short time , even thiough if we trade with high risk taker if get profut will in huge money but for overall transaction trade with high risk taker will harmful account sooner or later

taxila60
12-28-2012, 02:59 AM
i think if as trader we have a control on our emotions during our trading polices and trading matters then we make aright decision at the right time and easily make a good profit and success in trading matters ,but most of the time our emotions motivated towards gain good profit and success .
i think most of the trader fail or lose their trading investment in forex due to their huge desires to gain big profit in forex trading but think if a bad feeling and things and its quite difficult for trader to make a trading polices at the right time and gain success in trading

motiurbd
12-30-2012, 03:41 PM
I know but its too tough to trade without involving emotions... This is why most of the expert traders like to follow their strategy only.. Like opening or closing any trade based on their strategy... because when you are trading based on the signal from your trading system then emotions cant tempt you to open any trade before it matured itself.. you will wait for the right moment to trade... this will save you from taking many bad trades.. although expert traders took those trades with solid money management so that they can afford couple of losses in their trading... these are the best way to prevent emotions from doing any harm in your trading..

Wajeeh93
12-30-2012, 07:48 PM
Emotions in forex trading is probably the most common debate on the forex forums. There are a lot of people who keep on claiming that emotions can prove to be devastating for a trader's experience in the forex market. And there is no argument over the fact that they really can. But one thing which is worth

mentioning here is that emotions can only ruin your forex account if you let them dominate you while you are trading in the market. You can't possibly get rid of emotions altogether since they are a natural part of you. So the best that you can do is to make sure that you never let the emotions dominate you when

you are in the market.

Dabchi
12-31-2012, 03:23 PM
Emotion is one things that can make a trader to loss alot in the forex market all through. This is really not a good way that we can trade in the forex market all the time. When we trade and turn greed while trading that is when we trade with emotion in the forex market all through the time. The best thing that we all should know in the forex market is that its not a place that we can think of fast money while trading as that is one thing that causes one to be greedy and greed out of emotion while on market.
Then talking about how we can get rid of trading with emotion,i think it can work if we are able to trade only with the knowledge that we have acquired so far in the market so that we can always have to trade with caution and not depending on emotions of the mind.

Wajeeh93
12-31-2012, 07:51 PM
There is absolutely no doubt about the fact that emotions have no room in the profession or business of forex trading. There is no doubt that emotions are always associated with forex trading but the trick is to make sure that they don't dominate you. The moment they dominate you, is the moment you start

losing money in the forex business. So always make sure that emotions are kept under control in the forex market while you are trading and rely more on your skills and strategies and be confident about them. The emotions like greed and fear are only going to distract you from the market and will cause you losses.

Razor1911
01-03-2013, 10:16 AM
There is absolutely no doubt about the fact that emotions have no room in the profession or business of forex trading. There is no doubt that emotions are always associated with forex trading but the trick is to make sure that they don't dominate you. The moment they dominate you, is the moment you start

losing money in the forex business. So always make sure that emotions are kept under control in the forex market while you are trading and rely more on your skills and strategies and be confident about them. The emotions like greed and fear are only going to distract you from the market and will cause you losses.

Thats the secret. When a trader will have less emotions, then the trader will have better results but when the traders will have less control over emotions than that will really effect the trading and will make trouble in getting good results.

But not every trader has the ability to distinguish between real trading and emotional trading and that is why a trader should always notice if they are trading in real or in emotion. And when a trader will find that he is doing in emotion, then they should always try to minimize such emotions.

That is true saying that a trader should never mix up the real and emotional trading as these both will not give you the results that you deserve. Even when you will have good skills, but trades in emotion, then surely you will not get enough good results according to your skills.

radex78
01-05-2013, 12:47 PM
Thats the secret. When a trader will have less emotions, then the trader will have better results but when the traders will have less control over emotions than that will really effect the trading and will make trouble in getting good results.

But not every trader has the ability to distinguish between real trading and emotional trading and that is why a trader should always notice if they are trading in real or in emotion. And when a trader will find that he is doing in emotion, then they should always try to minimize such emotions.

That is true saying that a trader should never mix up the real and emotional trading as these both will not give you the results that you deserve. Even when you will have good skills, but trades in emotion, then surely you will not get enough good results according to your skills.

Control emotion is very important to gain good result , in dynamic price movement , i think will hard if we just following our emotion to open and close order just tempted by price movement , so i think good trader will able control emotion better with their plan trading ,it's very important before decided new order created plan trading first to determine stop loss and target profit that maybe will achieved

Even though emotion is human nature being but i think with experience such trader will become better to controlling their emotion because long years experience will more understand with market behaviour , and will different for beginner that still lack of experience might will less able control their emotion

ansops
01-07-2013, 07:58 AM
Despite the criticism that people do have about mixing emotion with trading,yet emotion still has its usefulness in trading.It is your emotion that will make you feel seriously bad when you make successful losses.By feeling very bad you will now be driven to put much energy into studying the market for you to perform better next time .For many people if had failed consistently in a business for about three years you need to quit the business,yet it is emotion that can make you to carry on and believing that winners don't quit.You will then take more risk investing your money trading until you start succeeding in the market.However i will agree that we need to keep off trading the market when our emotion are at the peak.

Razor1911
01-07-2013, 02:37 PM
Despite the criticism that people do have about mixing emotion with trading,yet emotion still has its usefulness in trading.It is your emotion that will make you feel seriously bad when you make successful losses .By feeling very bad you will now be driven to put much energy into studying the market for you to perform better next time .For many people if had failed consistently in a business for about three years you need to quit the business,yet it is emotion that can make you to carry on and believing that winners don't quit.You will then take more risk investing your money trading until you start succeeding in the market.However i will agree that we need to keep off trading the market when our emotion are at the peak.
Successful losses? Thats sound something odd to me. But while talking about the usefulness of emotions in forex trading, then you will find that there are more negative points than positive points about trading.

When a trader will feel bad after loosing emotion may stop them to trade further, but that will never help them to come over the losses that they made and while having emotions while trading, a trader will not be able to concentrate in trading like normal.

so i don't think a trader should have to use emotions, better a trader should conquer emotions so that even after loosing, the trader feels confined enough to come over the losses and make more better results.

Mo'Sope
01-07-2013, 05:47 PM
Lets not be decieved, emotion cannot but reflect in the way we trade, whethe we like it of not. Emotion is just part of man, and there is no way we try to ignore it and pretend as if it is not there, it will alway show forth itself, making us realise that we are still human. The only thing we can do however is try as much as we can to put our emotions under control. Whethed it is greed, of fear, or excitement, putting them under control or under subjeection is what we should always to do. But the fact is we are human, so being emotional is part of us.

ashvini
01-08-2013, 06:45 AM
Lets not be decieved, emotion cannot but reflect in the way we trade, whethe we like it of not. Emotion is just part of man, and there is no way we try to ignore it and pretend as if it is not there, it will alway show forth itself, making us realise that we are still human. The only thing we can do however is try as much as we can to put our emotions under control. Whethed it is greed, of fear, or excitement, putting them under control or under subjeection is what we should always to do. But the fact is we are human, so being emotional is part of us.

Its a common human being act to be influenced by the emotions because after all we are human beings who are made out of emotions and thus we tend to get excited with the profits made and get depressed with the losses made.

But in the forex trading business this does not hold good because emotions only will lead us to wrong path. We should approach the market with more technical aspects and there is absolutely no room for emotions in such highly risky business. Only those who control their destructive emotions will be able to excel in the trading business.

ankptl
01-12-2013, 05:21 AM
Its a common human being act to be influenced by the emotions because after all we are human beings who are made out of emotions and thus we tend to get excited with the profits made and get depressed with the losses made.

But in the forex trading business this does not hold good because emotions only will lead us to wrong path. We should approach the market with more technical aspects and there is absolutely no room for emotions in such highly risky business. Only those who control their destructive emotions will be able to excel in the trading business.

We are human being, but we have to justify our Forex trader roll with emotion control in trading. We can't leave this matter on our human nature because market is always behaves with uncertainty and serious factors which can't be predicted every moment.

No doubt, our right approach and hard determination are strong things which can give a complete control on emotions, so we can avoid emotions mixing with Forex trading and enjoy our Forex carrier but we have to take some patience while making entry decision on position to judge market with perfection. Any trader not master in control of emotion can be grow as a loser.

Dabchi
01-12-2013, 06:02 AM
@mo'sope,there are always the emotions all in human being and there is no doubt about that. As we all can see that the forex market is a place we trade money and make good ends with them depending on the styl we trae with and so as human,money always brings our emotion at exposure and then if cae is not taken,we might lose it all in the process of trading in the market.
So no matter how our ego rise in the process of trading in the market,we must learn how we can stand it and make subdue the emotions and make sure all that do not matter anymore while been in the market.
Though its always very much hard for us to control that emotion,but we should consider the fact that its not based on emotion that we can trade and make good success here all the most but with our knowledge and skills.

Razor1911
01-12-2013, 10:14 AM
We are human being, but we have to justify our Forex trader roll with emotion control in trading. We can't leave this matter on our human nature because market is always behaves with uncertainty and serious factors which can't be predicted every moment.

No doubt, our right approach and hard determination are strong things which can give a complete control on emotions, so we can avoid emotions mixing with Forex trading and enjoy our Forex carrier but we have to take some patience while making entry decision on position to judge market with perfection. Any trader not master in control of emotion can be grow as a loser.

Obviously as a human being a trader will always have emotions while trading and that is a pure truth that a trader will surely feel emotions while trading. But the thing that matters here is that how a trader tries to control over emotions.

No doubt that emotions will effect the trader while trading. And thats why a trader should always try not to mix the emotions while trading because when they will mix emotions, then they will have negative outcome from here.

And that is the reason why every trader should take necessary steps so that they don't mix the emotions while trading which can be dangerous for the traders and in such a case the trader will face bad results for sure.

ashik32
01-12-2013, 12:45 PM
I think there are numerous items that impact our own emotions. It's not necessarily simply which has a good, serene atmosphere will make all of us unwind and allow us all very good feeling and pleasant treatment. From time to time the exact same thing will likely not impart us with the full disposition in addition to will likely not generally relax us all. But it is very good approach although. It's quite a bit of different factors. We've got to discover what's going to unwind us and also freshen our own psyche as well as fortify your body in addition to exactly what urges all of us to keep focusing usually.

hotshotboyz
01-13-2013, 06:13 AM
In my opinion I think there are many different things that affect our emotions.I do believe that emotions is a bad thing in business and we must never get caught in emotions when trading in forex because it only means one word and that is loosing when we can't control our emotions and feelings that means we can not think properly and that may not lead us to success. it is not only having a good quite , serene environment will make us relax and give us good mood and nice conditioning. sometimes that too won't give us good mood and won't always relax us.

PROPENSITY100
03-03-2013, 05:00 PM
Forex involves risking our money with a view of making profits. Keeping in view the high potential and lucrative nature of Forex trading it is natural for a person to have emotions while trading. However to become a successful trader and survive in Forex we need to control this emotions like greed and impatience. Discipline is utmost necessary in Forex trading.

Emotional control is more difficult when we are facing losses. This is the time our emotional control is greatly tested and we are more prone to lose our patience and act hastily or irrationally in Forex trading. It is the time we need to act wisely and not hastily to recover our losses. We should first make our mind stable and for this can consider taking interval from trading for a while.

yogeshwartyagi
03-03-2013, 09:34 PM
Its a common human being act to be influenced by the emotions because after all we are human beings who are made out of emotions and thus we tend to get excited with the profits made and get depressed with the losses made.

But in the forex trading business this does not hold good because emotions only will lead us to wrong path. We should approach the market with more technical aspects and there is absolutely no room for emotions in such highly risky business. Only those who control their destructive emotions will be able to excel in the trading business.

Yes emotions are part of human behavour and they are natural. But it is not that they are difficult to control or we need to get some training or psycho advice to keep our trades uninfluenced from these emotions. The fact is we already know how to control them. Let me prove it, lets take anger - we only use anger when we know its consequnces shall be controllable for example we a student shall hardly be angry on his teacher as he know he may get punished but can easily show anger with his classmates.

So it is in our nature that we understand what is good and what is not for us. We just need to apply that sense in our forex trading business. Just understand that trading with discipline and keeping trading decisions uninfluenced by emotions is highly rewarding while letting emotions rule your trading decisions is highly dangerious, by doing this you can be assured that you have made the most in this regard.

budado
03-04-2013, 12:24 AM
In my opinion I think there are many different things that affect our emotions.I do believe that emotions is a bad thing in business and we must never get caught in emotions when trading in forex because it only means one word and that is loosing when we can't control our emotions and feelings that means we can not think properly and that may not lead us to success. it is not only having a good quite , serene environment will make us relax and give us good mood and nice conditioning. sometimes that too won't give us good mood and won't always relax us.
Theirs direct and indirect emotions when we are trading in forex. Direct emotions happen when we are trading and we see our account and our position getting a hit. This will make use feel hopeless to counter and make profitable trade and end up getting us emotional. The other problem and concern is is indirect emotions. And emotions that we feel before we start trading in forex.

For example you have a fight with your girlfriend and you are irritated while trading making you hard to concentrate. Or you have a good mode and you are trading and suddenly your neighbor turn own their radio so loud that you can't concentrate and that's irritate you.

That's why me I always have my own trading manual and I just follow what is in the manual. So for example if the price of this pair goes down I need to check this and not and I will going to do this and that. So regardless what is happening in my account even if I'm getting hit I just follow my trading manual.