I prefer to think of my investments as boxes - not knowing what is inside. It is simply a case of buying a box for X and selling it for Y. Emotion can be useful when trading/investing as we develop gut feelings the more experience we gain but it needs to be controlled. Never let your heart rule your head.
Gut feelings and emotions are two different things - very important! Gut feeling is an instant reaction to something which is learned over time and with experience. Emotion is where you let your heart rule your head
Emotion is the most dangerous thing in forex market. It can put you in great danger. If you take a wrong decision emotionally you can loss all of your investment. So, it is needed to control your emotion while trading in forex market. There are some way to control your emotion. You can control your emotion by making a trading plan. When you take decision with the help of mind, not from heart, you can make profit and recover the loss. A good broker can help you to make a strong trading strategy. I am trading with TP Global FX. They always help me when I become emotional after facing loss. They help me to become strong and make a trading plan to recover the loss and make profit consistently with their easy trading techniques.
The best way to deal with emotions is to develop a strategy and make all trading decisions based on it. In case if each your decision would be based exclusively on the rules prescribed by your strategy the impact of emotions would be substantially lower. Of course, sometimes it is difficult to develop your own strategy, especially if you are newbie. At the same time, there are special tools allowing you to do it just in a few steps - for example, the Visual Strategy Builder. This is a easy-to-use tool with quite simlpe and user-friendly drag-and-drop interface using which even novice trader can create his strategy from the set of pre-defined elements. Using it, you can create your own strategy and then follow it to avoid emotional trades.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
