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General Forex Discussion
Emotions And Forex Trading Don't Mix
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[QUOTE="Kathia, post: 30337, member: 16436"] Hi Samuel, I feel that if you follow your money management plan, your trading plan and your system, the only emotion you will have is happiness Trade your plan and rules and you have done your best? On a serious note, yes we are human and it is difficult to be so disciplined. However, trading is a serious activity when it involves real money (unless one is playing for fun). New traders often ignore the psychological warning that comes with trading and think they will be able to control it only to find themselves with no plan and no direction, jumping into trades and increasing their lot size till they have the ultimate loss that leads to a disaster. Trading involves a combination of sticking to your rules/plan (following your strategy consistently), money management and psychology. ‘’Going with your gut’’, mad as it may sound, can sometimes help if we tip it on its head. Did you ever enter a trade you that matched all your trading rules and analysis, yet have a ‘’feeling’’ something wasn’t quite right, only later to find out your ‘’gut feeling’’ was correct? Those are the trades I try to stay out of. At least until I see another confirming signal and my ‘’gut feeling’’ says ‘’enter’’. Kathia [/QUOTE]
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