ProTrader
Forex Supporter
Emotions such as Greed, Fear, Poor attitude toward money, etc. are biggest problem of many Forex traders. Winning can cause us over-trading while losing may make us fear trading on the market. Overcome emotions involved you can trade Forex in a better way.
So, how to control the emotions? Below are few suggestions:
- Remember that loss is just a part of Forex trading. When you have a loss trade then it's not your fault, not the market's fault and also do not blame your trading system. It's just simple a loss. No trading system can guarantee 100% winning trade.
- Don't be over-confident when you win a trade. Same as loss it's just part of trading routine. A win trade does not make you expert trader.
- If you do not do well with money management then you'll soon out of the money. When trading on demo account pay more attention to risk/reward ratio.
I wish you make more pips!
So, how to control the emotions? Below are few suggestions:
- Remember that loss is just a part of Forex trading. When you have a loss trade then it's not your fault, not the market's fault and also do not blame your trading system. It's just simple a loss. No trading system can guarantee 100% winning trade.
- Don't be over-confident when you win a trade. Same as loss it's just part of trading routine. A win trade does not make you expert trader.
- If you do not do well with money management then you'll soon out of the money. When trading on demo account pay more attention to risk/reward ratio.
I wish you make more pips!