Maintain a trading journal and a normal journal. Note down your trading progress in the trading journal. And during trading, when you feel any kind of emotions - like anxiety, fear, anger, greed, note it down in your normal journal. Being
You don’t have to eliminate your emotions while trading; you just need to work on them to utilise them in such a way that they give you the results you require. Managing your emotions is the key, not eliminating them.
It should be understood that trading requires significant emotional preparation, which is already very difficult. You need to understand that the results of the work can be different and prepare for any scenario.
impossible , it is like cutting your hands . you can control it if you trust your method ( get some profit with time ) . This is so hard for who has manual trading , really so tough
Actually it takes time to be a realistic trader! Gathering more trading knowledge can help you to be a realistic trader here!
You have to trade with the right mindset, of course. That would require you to understand what you are doing and what you should do. To bridge the gap between the two, you should journal your trades daily and understand what is keeping you stuck and what emotions you are facing that you should remove.
You can’t really be emotionless but yes with time, you learn to control your emotions and have a good grip over them.
Forex trading can cause emotions to run high. As currency prices change 24 hours a day, controlling factors such as stress, fear, greed, etc. is crucial to successful trading. Let’s take a look at some of the negative emotions that may arise during your forex journey - and how to manage them.
Amazing advice, the mindset is important, as is staying to your rules; changing it up doesn’t work.
I don’t think that you need to be emotionless when trading, however you do need to be mindful of your emotions and not let them interfere in your trading practices. What you can do is to find out ways to deal with your emotions so that you can act rationally. If you’re fairly new to trading then it is normal to feel anxious, just make sure to practice detachment.
Don’t force yourself to be an emotionless; better you can follow your trading plan so carefully! And please, don’t open any trade position randomly!
How do I become emotionless when trading?
I have three possible solutions to this issue.
Firstly have a very large live account balance and trade the minimum (.01) lot size so it wont matter to you if you lose or win.
Secondly you could only trade on a demo account so it doesnt matter if you win or lose.
And thirdly purchase a proven EA, put it on your account, and go away about your business.
Consider trading on a demo account. Reconsider your capital, lot size, and other requirements. Plus, work on your emotions to get the best out of your trading. Learn to control them and plan everything beforehand to avoid getting distracted.
Focus on your mindset while trading. You have to spend more time on maintaining your mindset and how to utilise it for better performance in the forex market. While it is crucial to have emotions for decision-making, at some unstable points, they might deceive us and make us lose quickly. Therefore, maintaining them is the key.
It is not possible for traders to be completely emotionless, as emotions are a natural part of the human experience. However, it is important for traders to manage their emotions and avoid letting them drive their trading decisions. This can help traders make more informed and rational decisions, which can be beneficial to their success in the market.
Emotional trading can ruin trading. Consider controlling them by learning how to control them. Trading psychology books can be of great help. Other than that, consider stress management techniques, like mindfulness, yoga, etc., to help you trade better.
There is no need to become emotionless. You simply need to control your emotions so that you can trade stress-free and confidently.
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Yeah it’s not, but it is definitely possible to control our emotions. We do this we have solved most of our problem in forex.
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By learning to control your emotions, you can make more rational and calculated decisions, which will improve your chances of success in the market. Some ways to control emotions when trading include setting clear goals and a trading plan, practising
mindfulness, taking breaks, and seeking support from a mentor or trading community.
Emotion is the worst human quality that destroys a trade entirely. So, try to get rid of this practice for your own sake.