Emotions and trading - how to avoid the worst combination
Originally posted by expertreviewOriginally posted by fxpro4. Find the trend – use specific indicators that can find the market trend and confirm it
Fxpro, Really interesting article, Do you think on MT4, there is a possibility to find the trend using any of the indicators available in MT4?
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There is no such indicator. I think he didnt mean something that can tell exact trend but possible trend....
It is a very terrible thing to add emotions,so don’t invest what you can’t lose as not to involve it.
all we have to do is to follow our rules.if we will trade without a system and strategy and set rules emotions will always be around to desturb us.and we can never be a professional trader.this is what professional traders advise us.so lets listen the winners and ignore everything aside our strategy and rules.
Emotions and trading are co related but is definitely not the best combination and trader needs to control their emotions if not eliminate them completley in order to make some profitable trades in the market .
Forex is a market that attracts many investors, but they do not always control their emotions. Indeed, many traders lose their capital as they invest according to their emotions.
Its not an easy thing to control our emotions and we have to see the market condition first before we place any order and i just love this business because its really profitable to us and i will never give up till i succeed.
no matter what is read or written to me the best way to avoi emtions is to have very good money management skill in trading
If you want to avoid greed while trading then just remember that this is the only thing from which many of forex trader are in loss and you should be more confident and attentive and have to keep patients if you want to be a profitable trader.
Emotions is the uncontrolable thing whenever we place the order emotions like fear greed and desperation come to our mind which should be control by keeping some patients.