winning11 Posted April 21, 2011 Share Posted April 21, 2011 I heard a saying that you should be prepared to lose every single dollar that you invested. It may sound a little pessimistic but you know, this saying can help you control you mood. When you start to lose money, you just tell yourself, well it's okay, it'll come back, instead of getting completely outraged. Anger is going to cost you everything. Just watch out. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted April 26, 2011 Share Posted April 26, 2011 @winning11 yes its true and we need prepare ourself to face any loss because there is a slogan only trade thats amount what we afford to loss. anyway just need chaking our emotion and have to avoid to take revenge mentality than after lossing trade it will come win trade also but we need money management to servive long time in forex. Quote Link to comment Share on other sites More sharing options...
standart Posted April 26, 2011 Share Posted April 26, 2011 many of psychological problem will arise for beginner trader who don't have enough trading experience. but I think all these problem will good handled if we have enough knowledge, and good trading method. the confident factor is also help us handled these good psychological factor. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted April 26, 2011 Share Posted April 26, 2011 If a trade is going red one should not take it on mind and should know that there are only two situations either a trade may end with profit or with loss And it is not only one trade that decide our fate but we should know that if we are loosing one trade we shall win another and just keep trying to get more positive trades. Again no one in the world had all positive trades. Quote Link to comment Share on other sites More sharing options...
boniez Posted May 2, 2011 Share Posted May 2, 2011 indeed, usually if the current floating loss, then our psychology will be disrupted, so that makes us want to immediately close the position. yet it is very harmful, if our analysis is not correct Quote Link to comment Share on other sites More sharing options...
andry777 Posted May 16, 2011 Author Share Posted May 16, 2011 @standard Yes, psychology in trading usually became problem when we are beginner traders and we didn't have many experiences in forex market. Because of that, we can't trade well and many times we can make mistakes because we followed our emotions. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 24, 2011 Share Posted September 24, 2011 Psychology is Forex plays an important role while trading in Forex. A trader should set up his mind in such a way that he is able to take decisions perfectly when required. Trading in fear or with greed can sometimes become harmful. A trader should stay calm and composed during trading sessions. Quote Link to comment Share on other sites More sharing options...
budado Posted November 30, 2011 Share Posted November 30, 2011 Psychology is Forex plays an important role while trading in Forex. A trader should set up his mind in such a way that he is able to take decisions perfectly when required. Trading in fear or with greed can sometimes become harmful. A trader should stay calm and composed during trading sessions. That's why Its better you develop three things. One is discipline, two is patience, three is confidence, Now if you have discipline but lack patience in the end you are pressuring yourself. without confidence you always doubt that what you do is wrong. And its not the strategy that make you loss money in trading its your doubt. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 Psychological In Forex there a lot of fear and greed in the Forex and emotions that affect us certainly in the negative trading Quote Link to comment Share on other sites More sharing options...
budado Posted January 5, 2012 Share Posted January 5, 2012 Psychological In Forex there a lot of fear and greed in the Forex and emotions that affect us certainly in the negative trading Fear result to ignorance. A person who have no idea whats' going on always feel fear. Just think about it. Your in your bed and suddenly you hear news in your living room don't you feel fear? Knowing that your alone? But when you found out that your brother has arrive without telling you then you don't feel fear anymore. Same thing in forex. If you know what your doing you don't feel fear. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 7, 2012 Share Posted January 7, 2012 Forex trading, in a lot of sense, is really Psychology. You are trying to read the minds of majority of the traders using the news and the movements in the chart. You have to know what will they do so that you will be able to go with them which is called a trend. Quote Link to comment Share on other sites More sharing options...
zdaina Posted January 8, 2012 Share Posted January 8, 2012 yes , it's hard to control emotion in trading forex but we must control our greed and fear if not we lose all the money , everyone want to make profit ,but is not very easy to do , so control emotion is a big factor in trading . Quote Link to comment Share on other sites More sharing options...
ermaniso2011 Posted January 21, 2012 Share Posted January 21, 2012 a trader have to feel like a real boss and owning a business a serious one.and the capital trader have is his investment ,it is not for gambling purpose or not for fun.a trader have to challange himself not the market or the trend.just challeng yourslef to make everything better and better everyday.and proof it to yourself with your results. Quote Link to comment Share on other sites More sharing options...
omostar Posted January 21, 2012 Share Posted January 21, 2012 Some of the ways we can get control over our emotions is by not investing too much money than we can afford into forex. It will be better to invest somethingsmall then carefully try to build that up into a big investment. Also, we should not have the mind that we are going to hit it big in a short time. This kind of mindset will sure make us nervous and anxious while doing our trading. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 22, 2012 Share Posted January 22, 2012 You can control your emotions in Forex trading if you will let somebody trade for you. This way, your emotions will just come out if you've learned that your money manager lost all your money. Quote Link to comment Share on other sites More sharing options...
stezz Posted February 12, 2012 Share Posted February 12, 2012 i think the only way you can control only because experience example you have to feel loss first Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 14, 2012 Share Posted February 14, 2012 If a trader can just import the feelings or the emotions he/she uses when he/she trades using a demo account into his/her real trading, I think, this trader can become successful. Quote Link to comment Share on other sites More sharing options...
nullahfx Posted February 17, 2012 Share Posted February 17, 2012 Control emotion is something hard to do bust have to do,, when we was in emotion. we will not can think and make a decision well.. the best way to control emotion is take a rest for a while from trading and close the chart when emotion come up to brain.. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 24, 2012 Share Posted February 24, 2012 Control emotion is something hard to do bust have to do,, when we was in emotion. we will not can think and make a decision well.. the best way to control emotion is take a rest for a while from trading and close the chart when emotion come up to brain.. Â But what if we are in the middle of a good and winning trade and our mind or our emotion is telling us to trade some more? Do you think, it would be better to close the chart so that we can control this "greedy" emotion? Quote Link to comment Share on other sites More sharing options...
budado Posted March 11, 2012 Share Posted March 11, 2012 Â But what if we are in the middle of a good and winning trade and our mind or our emotion is telling us to trade some more? Do you think, it would be better to close the chart so that we can control this "greedy" emotion? That's why I have my own notebook and step by step procedure or manual. When I feel an urge to trade more I simply look at my manual and see if its still good to go. If not then I can reason out to my mind that its does not pass my strategy test. Quote Link to comment Share on other sites More sharing options...
tirus Posted March 15, 2012 Share Posted March 15, 2012 Emotions will always be there and they tend to get in the way of making a logical decision and sometimes its not easy to overcome them. That is why we need to trade with out mind rather than with emotions since then you can be sure that you making a calculated investment. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted March 21, 2012 Share Posted March 21, 2012 Psychology has a great effect in Forex trading. A trade taken out of anger or in revenge of coping up with the previous losses can only allow you to loose greater amount of money. The best way to trading in forex is to keep your mind fully focused and do not allow it to overcome your patience. Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 28, 2012 Share Posted March 28, 2012 Psychology in forex trading entails a whole lot of things that a trader must understand, A trader must have the right set of mind to succeed. A trader must believe in himself that he can make it in the forex market. A trader must be confident above all. Quote Link to comment Share on other sites More sharing options...
famouspublisher Posted June 3, 2012 Share Posted June 3, 2012 The psychology of dealing can be a device that can help a investor management and estimate their feelings and choose according to information. The deficit of this psychology can be a barrier for the trader's achievements since the motions of the industry are very unforeseen. Quote Link to comment Share on other sites More sharing options...
budado Posted June 3, 2012 Share Posted June 3, 2012 Its all in our strategy. Our mind set must be one with our strategy. If we think we can invest our time and effort and trade then it just half of it. The other half is mental training also. We must toughen our mind via discipline and patience. In this two character we can trade in forex with iron heart and a will of steal and an aim of gold. Quote Link to comment Share on other sites More sharing options...
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