Emotional Trading

Discussion in 'General Trading Discussion' started by Shawn Marcello, Jul 5, 2020.

  1. Shawn Marcello

    Shawn Marcello Member

    Joined:
    Jun 2020
    Posts:
    20
    Likes Received:
    0
    Unrealistic thinking is a significant cause of emotional trading. If you don't focus on trading decisions based on emotion, you can quickly develop dangerous habits such as fear, greed, revenge. It would be best if you had a realistic trading plan to become an emotionally mature trader. Keep in mind that your desire for profits alone is not enough; you can get those profits. You need to approach the market with discipline and train yourself to avoid decisions based on emotions.
     
  2. Linda Smith

    Linda Smith Senior Investor

    Joined:
    Dec 2019
    Posts:
    400
    Likes Received:
    2
    We all know that forex is a risky market. One mistake can make you poor from the rich. So, there is no place to make a mistake. Many traders lose their money because of their emotions. Taking decisions emotionally can put you in danger. If you can control your emotion you can make huge money from this market. I am trading with TP Global FX. I always focus on earning money. My broker helps me to make the right decision while I am trading,. I never take any decisions emotionally. Because I know that emotion can put me in danger.
     
  3. OptimSignals

    OptimSignals New Member

    Joined:
    Jun 2020
    Posts:
    4
    Likes Received:
    0
  4. tradermuslim

    tradermuslim Active Member

    Joined:
    Dec 2018
    Posts:
    39
    Likes Received:
    0
    Having a realistic trading plan is one thing, sticking to it despite loss is another. Revenge trading would make one to ignore all the signs and go right ahead. Emotion is powerful and it is the downfall of many traders.
     
  5. Benigna Mazzi

    Benigna Mazzi Senior Investor

    Joined:
    Jul 2020
    Posts:
    225
    Likes Received:
    5
    The most major reason for losses is trade with emotions. You can’t be emotion while trading in the forex market. Trade with emotion can easily make you face more losses. Loss is a simple part of the forex. You have to always trade with high confidence. I always try to trade with high confidence. I trade with Eurotrader. They are a very reliable broker. They are one of the best brokers I have ever worked. They help a lot to their client especially when someone is a new trader. They never make disappointment to their client.
     
  6. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

    Joined:
    Jul 2020
    Posts:
    191
    Likes Received:
    2
    Emotions are the worst enemy to traders. And we are emotional being. We have joy, fear and greed. When we make a good profit we become over joyous and when we make loss we become fearful. Sometimes we open a trade out of greed. All these emotions are in our DNA. With careful thinking we can change it. I am trading with Eurotrader where I am following their advanced informational advantages for make myself capable.
     
  7. Susan

    Susan Member

    Joined:
    Sep 2020
    Posts:
    9
    Likes Received:
    0
    Get a good broker and watch yourself smile
     

Share This Page