Stress management in Forex trading

readyforex

Official Advertiser
Jun 5, 2014
30
0
22
Every now and then, all traders face a situation in Forex trading when the profitable trade turns into a losing trade.:eek:

I mean, few hours ago, you are up 30 pips and then after few hours you are
down 35 pips! Meaning few hours ago, you are happy :) and then after few
hours you become the saddest :( person on planet!

Obviously no one knows for sure about the future of a trade, in advance.
However; the ups and downs in the equity curve surely gives stress and
creates a mental tension in trading. This cycle just keep repeating itself.
If you have not faced just a trading situation then I assume you are going to
face one, in near future.

A good idea is to better prepare yourself to deal such a trading situation.
How do you deal with stress in trading depends upon different factors. Such
as your age, trading experience and financial status.

It is not easy to manage stress and mental tension in trading but if you have
done some research about your own trading personality then I assume you
are better prepared to deal such kind of trading situations which are surely
going to arise in your trading career.
 

fxapex

Active Trader
Jun 7, 2013
258
13
29
Its obvious that when you spend much of your time in trading, stress can crawl over you even if you are making profitable trades, so should get involved in yoga or meditation just to relax your mind.
 

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
In the beginning of any trading career every trader has some stress, someone more someone less. Those who can learn how to deal with it they have much bigger chances to succeed in forex trading or any trading in general.
 

readyforex

Official Advertiser
Jun 5, 2014
30
0
22
In order to relax your mind and keep your mind cool, you could use yoga or meditation.

However; both yoga and meditation needs training from a teacher. Do not try to do it, yourself. There are a lot of junk videos and some useful videos available on Youtube and other video channels.

You need some one who holds your hand and guide you to do Yoga or Meditation exercises.
 

vicknic

Confirmed ProfiForex Representative
Jan 21, 2014
207
7
39
Netherlands
www.profiforex.com
Proper exercise and a breath of fresh air everyday will help. Sitting down close to your computer for a very long time per day will only increase your stress level. Stress comes whether you are profitable or not. However, it can be properly managed like you have pointed out.
 

readyforex

Official Advertiser
Jun 5, 2014
30
0
22
The Best idea is to involve yourself into a physical activity. Some thing that
refresh your mind and body but not related to trading or business. It could
be a hobby. For example, you could grow seasonal vegetables and flowers
inside your backyard.

Also, there are many varieties of indoor plants that could be grown inside
the house. This may give a green and fresh look to your living area as well.
For indoor plants, do a search about container gardening.
 

Rob Taylor

Active Trader
Oct 14, 2012
131
2
37
UK
www.tradeforexmakemoney.co.uk
I thought i had seen it all, but growing vegetables and plants to help you to deal with the stress of losing trades is a new one.

Having a stop loss is what most people do, but whatever works for you.
 

triplet

Active Trader
Oct 7, 2014
101
4
27
The forex market can be very stressful especially when you have to deal with money management or high leverage with high risk. And so when we are stressed we are very prone in making bad decisions that will not go well with our trading performance. It is important to be mindful of your stress level so as not affect our trade.
 

dalat

Trader
May 21, 2013
57
0
17
why do you stress ? you have a management plan. you keep rule and trading. do not pass the rule. we can keep money in our account. we can get our confident for next time
 

seekfxhelp

Banned
Nov 11, 2014
28
0
0
Here a few tips for managing you stress level , hope it will help you a lot

- Faithful to your trading system. This also teaches you to be disciplined. Do not spend time to linger in front of your forex charts. Coz I knew the effect that it will lead to a desire fore me to open a new position on my mercerfx paltform.
-Have an understanding that not all price movements should generate profits for you.
-Have a specific target in the daily or weekly trading you. Do not be too high.
-When it is reached, close your platform and turn off your computer and go to sleep!
-The final solution: stop thinking of your profit when you sleep (, I'm serious with this statement)
 

fxapex

Active Trader
Jun 7, 2013
258
13
29
Its very necessary to have a good management, if your trading is effected my stress, then you should immediately go for any management program.
 

nalu

Confirmed ProfiForex Representative
Sep 3, 2014
59
1
17
I think one way to manage stress to keep the use of leverage at a minimum.