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Thread: When we are emotional we cannot be logical, when we are logical we cannot be emotional

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    When we are emotional we cannot be logical, when we are logical we cannot be emotional

    This thread is my own way of thinking and all critics are welcomed. What I think is if we trade logically we do not trade emotionally and when we trade emotionally we will not trade logically. Because logically thinking will not allow us to trade emotionally and when our mind is filled with emotions like greed, fear, we will no more be able to make sound and logical decisions.


    Keeping one will remove the other
    : So from the above discussion it is clear that we cannot be logical and emotional in trading at the same time. What is important in trading is we give up our emotions and make sure that our trading decisions are always logical and with sound thinking. When our mind is disturbed with the effect of emotions like greed and impatience then we will make all sorts of drastic mistakes and face severe losses.


    Avoid emotions to follow logical plans and trading systems
    : The main reason why even good strategies and well laid logical plans fail is due to the interference of emotions. A trader under the effect of emotions will disregard all his plans and trading rules and make all sorts of mistakes. And so emotional trading is a big hurdle that attracts losses and failure.


    Psychology training for emotional free trading
    : So a trader should learn to train his psychology so as to overcome the harms of emotional involvement in his trading. We cannot get this training from the demo account. This trading has to be from the experience we get in real trading. We have to review our trading from time to time and this is surely going to help us a lot for our psychology training and in all aspects of trading.

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  2. #11
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    [lang=id]it is the way for us to try to open mind and start to accept them with good understanding, then we can keep stable the mind from the emotion effects and even make it low, logical thinking will help them to trade objectively, no big ambition and good trading psychologies, traders need to train this part for all the time till become a good habit[/lang]

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  3. #12
    Trader techboy's Avatar
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    Quote Originally Posted by samprazaan View Post
    [lang=id]it is the way for us to try to open mind and start to accept them with good understanding, then we can keep stable the mind from the emotion effects and even make it low, logical thinking will help them to trade objectively, no big ambition and good trading psychologies, traders need to train this part for all the time till become a good habit[/lang]
    The key word here is traders should learn how to accept the realities in the market, if we know and accept the things that we cant change then perhaps we can have less emotional baggage during trading, good knowledge will place a crucial rule to emotional maturity.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Quote Originally Posted by samprazaan View Post
    [lang=id]it is the way for us to try to open mind and start to accept them with good understanding, then we can keep stable the mind from the emotion effects and even make it low, logical thinking will help them to trade objectively, no big ambition and good trading psychologies, traders need to train this part for all the time till become a good habit[/lang]
    we can control ourselves before we can control the emotion as the tow are working together in forex business. the traders who have the heart of the ambition they wnat to get in forex will be affect more than others and it is good for us to cool than what we ever feel about forex business.

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    Quote Originally Posted by silverlady View Post
    we can control ourselves before we can control the emotion as the tow are working together in forex business. the traders who have the heart of the ambition they wnat to get in forex will be affect more than others and it is good for us to cool than what we ever feel about forex business.
    Yeah and it become the main cause of our unsuccessful story too, if there is no control on our emotion then there will be not control on our business. Forex trading requires a great trading psychology because most of our trading performance depend upon trading psychology. As we can read about it all over the internet that forex trading psychology value is 70% in our forex trading business. Our forex trading success depend a lot upon our trading psychology.

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    Quote Originally Posted by Earnperfect View Post
    Yeah and it become the main cause of our unsuccessful story too, if there is no control on our emotion then there will be not control on our business. Forex trading requires a great trading psychology because most of our trading performance depend upon trading psychology. As we can read about it all over the internet that forex trading psychology value is 70% in our forex trading business. Our forex trading success depend a lot upon our trading psychology.
    when there is no control in our emotion, we should forget about making money in fore since many things will be pushing us to trade and we will not be making money in what we are trading. traders with the good emotional control makes money by knowing what they are doing is right.

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  7. #16
    Trader lawners1791's Avatar
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    Quote Originally Posted by Abhishekwala View Post
    What is important in trading is we give up our emotions and make sure that our trading decisions are always logical and with sound thinking.
    the work as those had with the customs on strategy to expends of limit with the numbers on risks and target to complete with the terms gives of chance with the trader to dispose of worse on emotion as following with the focus to stands with the level of exchange on working with the manage of trading.

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  8. #17
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    This is just true, when we are emotional we tend not to think straight therefore we engage on making huge mistakes. But then I think most of the reasons why we get emotional is for the fact that we trade with huge risk and therefore we get scared and get in that confusion state. We can get less emotional if we take things slow and also ensure to follow risk management.

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  9. #18
    Trader Hukam's Avatar
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    Quote Originally Posted by Khimi234 View Post
    You are right friend a safe way of trading give us security and profit both in forex market. We can see a lot of difference within a high risk trading and in a low risk trading system. People not want to make small profit because they are not satisfied with it they want to earn big so they are not much effective in their discipline. Forex trading is that business where we have to obey the trading rules and where we need a strong management.
    Dear forex trading is a profitable business but if we are losing that mean is not that its a very high risky or gambling business. Your view is good about it, when we are taking the small risk that time we can see that we feel much confident and good in trading, but at once when we apply the quick money making theory with high risk that time a get trader caught by fear, greed, pressure, stress, etc.

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  10. #19
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    So far so good I think it is more better that we get logical than being emotional. It is so much important, in forex trading we need to understand the market and then know that making money in forex trading is not that simple but then it is much more easily when we distance our emotions. Emotions is one of the greatest problem we have when it comes to trading.

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  11. #20
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    Quote Originally Posted by splash View Post
    So far so good I think it is more better that we get logical than being emotional. It is so much important, in forex trading we need to understand the market and then know that making money in forex trading is not that simple but then it is much more easily when we distance our emotions. Emotions is one of the greatest problem we have when it comes to trading.
    Yes many believe that this is the game of emotions and they are right also because until we don't have right solution for it till then no matter which kinds of books or strategy you are making it will be fail very soon when you will do trade in forex. I have adopted many trading strategies but this is real truth that psychology issue is not very easy to control and its not about the strategy or analysis use. Right mindset of trading is much important to follow a rigid step to control our emotion.

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