1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Control Your Emotions – How to do it?

Discussion in 'Forex Discussions' started by painofhell, Feb 18, 2016.

  1. painofhell

    painofhell Content Contributor

    Joined:
    Jun 24, 2015
    Messages:
    995
    Likes Received:
    21
    Gender:
    Male
    Location:
    morocco
    Control Your Emotions In Trading Forex.

    One of the most important aspect in being a successful trader is knowing how to control your emotions in trading. Successful Forex traders are often considered to be talented predictors of momentum or direction. Or to be extraordinarily skilled risk managers, which most of them are. However, the most important trait such talented traders share is their ability that you should have of knowing how to control your emotions in trading. They know how to do it while taking important and sometimes critical decisions.

    Use Your Head To Control Your Emotions In Trading.

    Every trader has to struggle with his emotions at some point of time, and that’s inevitable. However, what makes some of these traders great is that they succeed in controlling their emotions, while most others fail to do so. It’s definitely a choice that you’ve to make – either you control your emotions in trading and win, or your emotions control you and you lose inexorably.

    Most would-be traders would feel tensed while trading, even with a $500 position, while experienced traders would literally take a nap even when up 6 figures. Traders who use their brain, instead of their emotions or instincts, always remain cool, calm and relaxed, thus controlling their fortunes themselves.

    MAPPING A PATH TO PROFITS HELPS YOU CONTROL YOUR EMOTIONS IN TRADING.
    The simplest approach should be building that cool and calm mentality over time. You’d feel excitement, or would be disappointed after losing, and that’s completely natural. However, you must control your emotions. You do that by finding the boundaries of your comfort zone, and stay within that zone. Find out what you may lose in the worst-case scenario, and try to accept it in your mind, even before entering the position.

    Do not enter a position that is riskier than what you can handle. Otherwise, you’d make poor decisions by concentrating on your fear over time. You just have to think clearly. Stick to the strategy, no matter what happens, and have confidence in your Forex trading system.

    A Simple Solution to Control your Emotions in Trading.

    If you’re learning your way into the world of Forex trading, the best thing to do is to start small. You should only enter positions that are small enough, so that even consecutive losses don’t have a lot of significance. You will win, for sure, and follow those small things that helped you win before. Thus, you’d be able to build a routine, a trading schedule that always works. By developing good habits, things that work, you’d be able to become a successful trader, and then you may increase your position size accordingly.
     
  2. vic84

    vic84 New Member

    Joined:
    May 23, 2013
    Messages:
    115
    Likes Received:
    2
    Yeah you should be very strong emotionally as its very important when you are earning or loosing , in both the cases you should keep your calm.
     
  3. Sharon Higgins

    Sharon Higgins New Member

    Joined:
    Oct 29, 2014
    Messages:
    164
    Likes Received:
    2
    I believe control over emotions is big thing and one who manages this right, it is the one who is going to win more often than not. I am able to handle emotions pretty well and this is all to do with OctaFX broker and their lovely conditions with having massive bonus up to 50% on deposit, it is larger in percentage, but it is also pretty good in conditions since we are allowed to use it without any policy or extra conditions, so that is why I simply love it and enjoy trading with them in what we call basically all conditions! And this is what has helped me a lot so far in my career as Forex trader.
     
  4. AwaberA

    AwaberA New Member

    Joined:
    Oct 21, 2015
    Messages:
    206
    Likes Received:
    2
    Gender:
    Male
    Location:
    Londan
    Just don't use your own money, hehe))) I always prefer using bonus money while trading. For example, FreshForex broker is offering $1000 no deposit bonus at the moment. It can really help the people to trade with no investment at all.
     
  5. AwaberA

    AwaberA New Member

    Joined:
    Oct 21, 2015
    Messages:
    206
    Likes Received:
    2
    Gender:
    Male
    Location:
    Londan
    This summer I use that new feature to control my emotions. Thanks to that I can relax and get some freedom from trading without any looses.
     
  6. platinumtraderfx

    platinumtraderfx New Member

    Joined:
    Oct 24, 2013
    Messages:
    110
    Likes Received:
    2
  7. Mistalee

    Mistalee New Member

    Joined:
    Jul 4, 2016
    Messages:
    70
    Likes Received:
    0
    Gender:
    Male
    Location:
    India
    Yeah...! We need to gain control over our emotions, and we need to be calm while trading.
     
  8. AwaberA

    AwaberA New Member

    Joined:
    Oct 21, 2015
    Messages:
    206
    Likes Received:
    2
    Gender:
    Male
    Location:
    Londan
    Controlling the emotions is always easier when we trade with bonus money. For instance, I'm trading with 101% bonus.

    [​IMG]
     
Loading...

Share This Page