Trading usually needs some investment of your time and money. Often a forex trader requires bestowing adequate time in conducting proper market analysis and thereby trading can be a time consuming process where a trader needs to undergo many critical period. For this reason it is not always possible to be relaxed during the trading period in forex. But yes, earning money itself can give pleasure in the midst of these critical periods.
Can you really relax when trading?
- Thread starter Robert2
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With experience, I stopped being nervous before trading. I'm getting nervous taking losses. This is very annoying. Especially when your open trading position went into a big minus. When I lose small trading accounts in contests, I get upset too. And I usually start trading with the feeling that I will get a profit, with bright hope and pleasant sensations.
I make very few transactions per month, but I strive to have transactions every day. So far this is one or two transactions per month. My income is 120% per year, or on average it is 10% per month. Why you're asking?
Son Ann, I actually could not understand well when exactly you become nervous when trading? It seems that you are trading on contests, so you probably have double pressure, one from your open trade and the other to cope with other contest participants on the market
Basically, if you use SL and TP in your trading then surely you can do anything! Besides; trading without SL is dangerous!
Stick to risk management with set stop losses and take profits and it should be relaxing. Only enter a trade if you are confident, if it wins then great - if it loses then move onto the next one, you stuck to your plan so there is nothing to worry about.
Yaa i understand, maybe you should practice more on a demo account. Using a trading plan is also a great way as it will guide your actions and feelings won’t overpower you. You know when to enter and exit a trade through a plan. And yes i do agree with everyone here, SL and TP are great. You will be able to limit your losses through it.
in my trading; sometimes I use TP1, TP2 even TP3 in a single trade; when I see good momentum then I remove the position of TP1 and wait for the TP2! Thus I increase my profit margin!
Sure. It`s hard to switch off the emotions but it`s needed.😉
thats the way i try to go but its so hard to forget and not keep checking
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