Emotional Trading

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

  1. Shawn Marcello

    Shawn Marcello Member

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    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

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    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

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  4. tradermuslim

    tradermuslim Active Member

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    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.
     

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