Please take a look around, and feel free to .
I even don't know how emotions can help trader. They can only cause fails, cause it's hard to deal with greed!
NO. Don’t let yourself get caught up in old and unproductive habit patterns again. If you want different results, this time, you’ve got to start doing things differently! Let go of attachments to what you’ve been doing so far. Let go of failures, mistakes, painful trading experiences.
I feel that fear and greed are the biggest emotions in your trading life. Sometimes. they will become your best friend and sometimes your worst enemies. You need to gather enough experience to help you decide what is right or wrong. You will gain experience by staying in the trading process.
Fears are good sometime however we should trade while keeping these emotions aside from our trading. Good part is to use stop losses in order to cut off the losses earlier.
Fears are good sometime however we should trade while keeping these emotions aside from our trading. Good part is to use stop losses in order to cut off the losses earlier.
But you can definitely learn to control your emotions and channel them well, by having the right ones. You can be sober from loses and channel that hurt right by finding out what went wrong and correcting it.That is very true there is no way which emotion can save our trade because in forex when trading with emotion such as greed there is a tendency of failure to that of loss so emotion is never saved our trade rather they contributed to our failure.
- - - Updated - - -
That is very true there is no way which emotion can save our trade because in forex when trading with emotion such as greed there is a tendency of failure to that of loss so emotion is never saved our trade rather they contributed to our failure.
But you can definitely learn to control your emotions and channel them well, by having the right ones. You can be sober from loses and channel that hurt right by finding out what went wrong and correcting it.
Yes, I agree with you. However, I still occasionally trade emotionally and lose. When I make a loss in a trade, I start trading to cover that loss. This negative emotion tends to destroy the investment. Can you tell me how I can get rid of it?Emotion can never save our trade. Its just can make our bad trader even worse. Though some people says that greed, fear etc. these kind of emotions can be used as positive way, but i personally feel that it is not possible to become successful trader having these emotions, we should try to avoid them while trading.