I would likely make simple traditional topics over at my every single schedule. I mightiness just energy to stopping point most my systems and still not view it 'till the end during the day. In that direction my head is ordinarily on some thing else over wondering with regards to FX industry.
i think we have to follow our trading rule during trading to reduce fear , greed and nervous during trading. we also can apply stop loss and take profit to help us lock our loss or our profitOriginally Posted by avijitpyne
It's not easy to control your feeling in forex because it's a little bit hard to distinguish between confidency and overconfident.
So it's important to give limitation no matter we are sure or not in each transaction. It will prevent big losses in single transaction.
It is possible to prevent greedy and fearness too.
That's right. It's important to follow our own trading plan and our own rule so we could be confident with our own
analysis. If you can follow the rule well then it will be good for your psychology because follow the rule will train
you to become discipline traders.
About fear the solution is to risk a small percentage of its portfolio on each trade and then once your identified risk, establish your trading strategy. This must go with a stop loss.A stop loss on each trade is essential!
Letting the losing trade run and shutting the great trades early can certainly place the foreign exchange trader bankrupt very quickly, they are very difficult to problems. Among the best ways is to utilize a specific buying and selling system, build your check it out in demo, if it's in profit. Then you'll trust the body, so it's not necessary to fear about obtaining a loss, but please be aware that accepting deficits is an essential facet of buying and selling.
I think by following the trading plan that we already tested its already mean controlling the feeling of greed and fear. This is always the way to control the feeling by always open the correct lot size according our trading capital.
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If you have a trading plan and you can trade on that, then you can easily control the feeling of greed and fear. But if you are too much addicted to trading, then it will become hard.I
I have the formula to coupe with these two problems and that is low risk and low lot sizes, you emotional will not crash your trading plane if you adopt my formula and stick with the low lot sizes with the ratio of 0.1 lot: 100$ account.
of course, do not be too stupid to use a bad management, especially in generating profit, because the fact that all will have an impact on your future trading results which may be causing a great loss
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