Friday, November 1, 2013

How to control "DESTRUCTIVE EMOTIONS" in forex trading

FOREX MINDSETEmotions are part of human nature, but don't underestimate the power or influence. It is necessary to focus also on improving our psychological mental connection with this emotion. Although we understand, will mature along with the emotions flight hours and experience, but it would be nice if we understood early on that destructive emotions affect our trading.

What are emotions such as can happen when we trading? I believe, each trader has felt as directly involved in it, emotions have a large profit, emotionally recover quickly after a loss, emotional want immediate transactions as much as possible,

Implementing methods of trading with discipline is the only way to overcome destructive emotions.

So how do you do it?

1. You need to understand and have confidence to enter the position of 1000%.

Don't ever follow the method that you do not understand and do not have confidence, that you need is important to have the mindset that your transaction will produce profit. Patience is the key, mark well that "patience makes you paid".

You have to understand why you get in the position and how your method will work, including its strategy. So the OP was not arbitrary and trial and error. Must if you want to try to use the smallest volume that's meant only test.

2. Take heart was not tempted to always get in position at all times. if too often look at the chart, the market effect is often annoying and teasing you. Patience and stay focused, on what system. although a lot of the time you need to see the chart.

3. If, loss .. That's all right. Loss bit of it is okay. If lucky a lot of it was very good, it was a nice little profit, loss in fact could have been minimized. So you are wise in the use of Money Management. Slight loss, remember those who loss a lot, so you can keep smiling .. Take your losses to remain patient. All businesses have losses and forex trading is no different. When the loss, the mindset we should assume it is the cost of doing business. keep enjoy with it! Forex is 1000 years old again.
Importantly how a trader to manage his emotions into a powerful force to be able to achieve the profit is the main goal of every trader.

1 comment:

  1. A contract for difference (CFD) is a contract made between two parties (client and broker) to exchange the difference in value of a share, commodity or index when the contract ends.

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