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Emotions interfere during trading
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[QUOTE="larry_009, post: 166974, member: 61443"] Having control over your emotions can be the demarcation line between your success and failure as a trader. Your mental situation has a lot to do when it comes to affecting your trade decisions, b it a beginner or an experienced trader. Some of the common emotions that people find hard to handle while trading are:- [LIST] [*]nervousness [*]conviction [*]excitement [*]overconfidence [*]greed [*]perplexing [/LIST] To manage your emotions, pre-planning is really important. Make use of stop loss and take profit options to avoid trading issues later. Do not trade forcefully. If you think the market is not on your side today, then just step away. To lower down the emotional effect, just start trading with smaller trade sizes in the beginning. Also, lowering the leverage size is helpful to handle your emotions. If the above things do not work, then there are various free trading guides that can help you in managing your emotions. You can always make use of them as well. [/QUOTE]
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