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    Thread: Can we always avoid emotions in trading? (part 4)

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      Lightbulb Can we always avoid emotions in trading? (part 4)

      Actually, this is not possible. because trading business always emotional place. and emotion part of the trading market. so this is the common habit of each trader.but some body can avoid that by good money management system. so we can control our emotion but we can not avoid that anytime.

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      I try to avoid emotion during trading. Because, emotional trading is the cause of incurred loss. We should not be attracted viewing on the deceiving movement of price action. Rather, technical analysis, fundamental analysis and apprehension of market sentiment will be helpful to take profit in preference to emotional trading.

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      Yes. It is correct that it is very hard to avoid emotion. It is very hard to avoid greed. We all know that emotions are very bad and harmful for forex trader. But as I know all the traders can become effect on it. It may be low or high. But we must have to try to avoid our emotions and greed in here.

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      emotions are our enemy in forex that always lead us to the big loss as greed, fear and other emotions and this is very hard to control on our emotions while our trading but there's some things if we did it we can control on our emotions as :

      1- we have to trade with plane and low risk and defined daily percent because this help us too much to control on our emotions while trading
      2- we have to trade always with low risk and money management without any greed or high risk because this also help us too much in the controlling on emotions
      3- finally we haven't to start trading at real account until we learn how to control on our emotions at real account

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      In general we cannot avoid emotions in trading but we can draw a line between real life and trading because if we mixed things between our day to day life and trading, if we wont know the difference, there is a strong possibility that we are easily affected emotionally during trading and thereby make many more mistakes.

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      Yeah we must make sure we overcome emotion in trading because failure to overcome it will lead to greed and control our trade negatively.Greed and emotion are long time standing enemies of all trader and they have wreck many traders career.But the best help we can render ourselves is to overcome emotion by all means before it jeopardize our trade.

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      Inasmuch as we want to trade without emotion, yet it is not always possible to ignore emotional attachment because we are all human being. A human being will always display his/her human emotion no matter how trivial, even without being conscious of it being displayed.

      However, we can try our possible best to reduce our emotional display during our tradings because mixing emotions with our Forex trading business will not be of any help. Emotional display will not reduce our loss or add more money to our account, rather it will only help in worsening an already unfavourable situations.
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      NO human can totally eradicate the emotions, but we could atleast establish some control over it. Yeah, to have control, we can take break from the Market if we have suffered huge loss, and also we could listen to the music, while trading to calm our senses.

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      No we can never avoid emotions in forex trading but what we can do is put them under control and make sure they don't interfere in our trading decisions. Humans are emotional beings and is normal we get frustrated and angry when we lose but we can not make trades out of revenge but based on rational analysis
      Last edited by CratosFX; 08-29-2017 at 08:49 AM.

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      Depend on us. If we are mentally strong and if we have control over our greediness then controlling emotions during the trading time won't be hard thing. Many have gained control over their emotion. Actually this is forex market . So getting control over emotion all the time is not so easy. It needs huge practicing and concentration.

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