How can we deal with the emotions?

[Rambo35]

To deal with the problems associated with trading psychology we must minimize the role of emotions in our trade decisions. In order to minimize the role of emotions we have to understand that success or failure are not related to luck, but are the logical consequences of our own choices.

 

[david100]

Forex trading is very risky business and there is no chance of emotions there. Emotions are very harmful and can kills our trade very quickly. So every trader must control his emotions during trade to avoid loss in Forex.

 

[JimFXtrader]

Discipline, a trading system, the more you respect your system, you will be less emotional

 

[Fxpipper]

There are any number of exercises from tai-chi to mind exercises that you can use to de-stress out and deal with emotions. It is crucial for the lay trader to control his emotions while trading..

 

[evaa.soraya]

Deal with emotion?? it will never happen. You must throw away your emotion while trading.
Its the devil for our success in forex trade.

 

[Exness Support]

Well try this. Dont think about money. Think it is a sports. A very serious sports. Love the art of risk management. Dont panic when you lose dont get excited when you make. Love the art of trading and money will follow and emotion will vanquish

 

[Rob Taylor]

To deal with the problems associated with trading psychology we must minimize the role of emotions in our trade decisions. In order to minimize the role of emotions we have to understand that success or failure are not related to luck, but are the logical consequences of our own choices.

I agree Rambo. Luck plays no part in trading, and anyone that says otherwise does not know how to trade.

 

[triplet]

In dealing with emotion you need to be discipline and a sound trading and money management system so that fear and other emotion can be easily controlled.

 

[ManTauf]

Think for pips, not for money .
Use money that you can afford if you loss.

 

[Fxpipper]

Sucks to be emotional, but that's the thing about emotions - they are hard to get a handle on..which is why one needs to build up discipline and focus. It takes time and heaps of patience..

 

[duxingxia]

We should follow strictly discipline and ground trading strategy during trading, unless is easy to affected by the emotion.

 

[Fxpipper]

Deal with emotion?? it will never happen. You must throw away your emotion while trading.
Its the devil for our success in forex trade.

That's a given but as much as we would love to throw away our emotions, that never happens..not in the real sense anyway. One way is to deal with it, try to work out how to focus on the trade and strategy and not allow your emotions to get the better of you..

 

[stephane]

To deal with the problems associated with trading psychology we must minimize the role of emotions in our trade decisions. In order to minimize the role of emotions we have to understand that success or failure are not related to luck, but are the logical consequences of our own choices.

to have a good trading plan and to stick to it.

 

[Forexaxe]

We as humans are emotional beings, and that is just how it is. The best way to keep your emotions in check is to trade with a reliable trading strategy and use a trading checklist to help you follow the rules of your trading strategy.

 

[ezikel]

One of the greatest failings that new forex Traders have is that they let emotions like fear and greed take over their trading strategy. Those two emotions are the cornerstones of bad forex psychology and lead to bad forex trading strategies and a non-existent forex profit. Without strong discipline, emotions will prevent the trader from making logical and rational judgements. Most new traders start trading on a demo account and find that they are making winning trades, however when they move to a real account with their own capital, fear of losing takes over and their successful trading strategies are thrown out. The solution to not letting emotions take over your trading is the discipline to follow your sound trading strategy.

 

[chief]

main problem is traders are put too much attention with how to become emotionless while trading, which is nearly imposible to do that. by constant repeat they also read succesfull trade are consist of 80% phsycological state, and 20% from fundamental and technical analysis side. these when most people keep arguing about current market situation and always rely on others assumption.

 

[koyl]

Dealing with emotion is one of the great obstacle of many traders. They might have good trading plan and strategy but emotion seem to ruin the trade and hinders good trading decision. Discipline is good way to help control emotion and help the follow you trading plan successfully.

 

[Jesse.muller]

Bascily the best thing to do is try and develop an EA with your trading strategy implemented, in this case you can't interfer in the setup of your trade.
Otherwise you'll need to have a notepad beside you and tick everything off before you do a trade, once you did the trade run away from your pc and focus your mind on something else

 

[ProFXManager]

yes, let the robots work for you
smarter, harder and much free time for you to take some margharitas at the beach.

 

[olivine]

Emotions ha good and bad both effects in trading . Much emotions stop our thinking , we can not act as market wants we just do what w want to do no matter it would be applicable or not. Just do realistic decisions in forex to avoid emotion's bad effects.