Trading forex should be emotionless. Allowing our emotions to overtake our decision making process during trading can be the biggest enemy of any forex trader; if you want to be happy with your trading success you have to be able to trade without emotions no matter how good or bad your performance is.
Good stuff Rambo! I totally agree, but unfortunately it isn’t something that you can just will into in my opinion–at least from what I’ve seen. Near emotionless trading comes from a lot of backtesting and/or a lot of experience with live trades. Definitely doesn’t come from demo trading. With a lot of practice, I think almost anyone can get to the trader mindset that you are talking about.
As long as I feel I’m progressing no matter how slow it has been at times, I’m happy.
I don’t know if I’m right in saying this, but being happy in your trading is a state of mind that you have become comfortable with which is probably a good thing, it’s the euphoria and the dysphoria with each trade that are the killers, getting excited after a good trade as well as a having a downer after a bad trade leads to overtrading and the inevitable losses.
Yes I am a happy trader too. I am not a perfect trader . I am making good amount of profit , contented on it I avoid greed . My slow profit taking policy make me a good trader. I wait with patience for suitable trading time . Forex gives me money as par my skills. I many times loose but no tension I can now recover my loss as well as grow my account.
I am new to this just lost 50% of my funds. That has just thought me a lesson to be patient. I hope to take better decisions in future.
How much money did you start with/lose?
Well this is the reality of the Forex markets because when i was a newbie trader i would go on loosing my 100% of the investment over and over again until i learned trading well
As Buddha said, the key to happiness is for manage your expectation on life.
in our view on trading, it means, play small, really small risk. then we are a happy trader.
cheers!
In other words, trading has to become boring to you (in a good way).
Yes I am happy with my trade up until this point. In starting it was not like this. I started forex trading 5 years back. At first it was dreadful. Truly I started trading without know anything. Then I started to study and practice a lot. I learnt one thing. Knowledge is power when we can applied it properly.
I think there is a difference between being happy and being giddy. The former does not cloud one’s judgement, the latter does.
No I’m not happy on my live performance! I seem, I need to
improve more! By the way, you are right we should focus on the trading process
not on the trading result.
Yes, forex is a competitive and risky business area and excessive emotions regarding the profit or loss can hamper a trader’s performance. No matter in which side you are in, either positive direction with market or not, you have to hold your emotions with confidence. Since, only a confident trading approach can help a trader to gain success in the long run.