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

  1. #1
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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. #21
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    when you are emotional, making the right decision is really tough and its good when you are doing the right thing you rule out being emotional and be secure with the right mind set because we have the right given working principle that can be used to make some good money but emotions can ruin everything we all can think of

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  3. #22
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    Being logical is one of the thing we need the most in other to be that successful trader which we would want to be. It is okay being emotional but then while on forex market we need to know that we are on forex market and therefore control or emotions the right way thus being more logical for successful trades because emotions leads to mistakes.

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  4. #23
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    Quote Originally Posted by splash View Post
    It is okay being emotional but then while on forex market we need to know that we are on forex market and therefore control or emotions the right way thus being more logical for successful trades because emotions leads to mistakes.
    it is not okay to be emotion, it is bad for this business, and the things which is causing emotion is the thinking of the losing of the invested money, this is not right. traders who have quality trading skills and have little investment and little risk will not have big emotion.

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  5. #24
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    th traders need to put themselves on right position, means, they need to understand for what they are doing with all consequences that will taken from it, and at this side, traders need to trade with calm mind, no emotion and do trading based on the logical, not let the feeling take over the mind in making decisions

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  6. #25
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    Quote Originally Posted by silverlady View Post
    it is not okay to be emotion, it is bad for this business, and the things which is causing emotion is the thinking of the losing of the invested money, this is not right. traders who have quality trading skills and have little investment and little risk will not have big emotion.
    Sure, Emotions ain't good in the business. We need to stick to the plans, we need to ensure that we are trading with good state of mind. Making money in forex trading is not that simple and moreover before we can be able to control our emotions we really need to have some basic rules which actually should relate with our trading strategy.

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  7. #26
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    Quote Originally Posted by splash View Post
    Sure, Emotions ain't good in the business. We need to stick to the plans, we need to ensure that we are trading with good state of mind. Making money in forex trading is not that simple and moreover before we can be able to control our emotions we really need to have some basic rules which actually should relate with our trading strategy.
    the good state of and will save traders, traders who do trading with bad feelings or with the hurry sense of making the money very fast will lose all their money. emotion is not good, and traders will need to leave it and make their trade work for them without hurt feelings.

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  8. #27
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    Quote Originally Posted by silverlady View Post
    the good state of and will save traders, traders who do trading with bad feelings or with the hurry sense of making the money very fast will lose all their money. emotion is not good, and traders will need to leave it and make their trade work for them without hurt feelings.
    It is bad for traders to do trading with emotion, emotion will not bring out what is good for traders. Forex trading can make traders to be emotional because of the way the market is dynamic and not certain, but the trader who is skillful will know what to do and avoid anything that could cause emotion in their trading lifestyle.

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  9. #28
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    Quote Originally Posted by cozard007 View Post
    It is bad for traders to do trading with emotion, emotion will not bring out what is good for traders. Forex trading can make traders to be emotional because of the way the market is dynamic and not certain, but the trader who is skillful will know what to do and avoid anything that could cause emotion in their trading lifestyle.
    emotion is very bad, it can not make traders to work with their plan and will be making them to lose money in that way too. traders who is working with emotion can be incapacitated in thinking and money making will be in the way which is risky and bad, they will not trade well.

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  10. #29
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    Quote Originally Posted by cozard007 View Post
    It is bad for traders to do trading with emotion, emotion will not bring out what is good for traders. Forex trading can make traders to be emotional because of the way the market is dynamic and not certain, but the trader who is skillful will know what to do and avoid anything that could cause emotion in their trading lifestyle.
    yes, the emotion will not bring them the clear mind and will make them hard to analyze something in front of them or make a right decisions, and need to noted that emotion will come to us in every situations and trigger us to trade with careless, ignore the rules and many more, so need to trade carefully because sometimes we do not realize about it

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  11. #30
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    Quote Originally Posted by newentry View Post
    yes, the emotion will not bring them the clear mind and will make them hard to analyze something in front of them or make a right decisions, and need to noted that emotion will come to us in every situations and trigger us to trade with careless, ignore the rules and many more, so need to trade carefully because sometimes we do not realize about it
    Yes some time trader's don't realize about it and it can enter very quickly in mind because of those mistakes, as you are saying sir one single mistake could give us the problem of emotion. Our emotion is distracting us to concentrate on our goal we are playing with big risk but the main cause of it is our lack of knowledge or our trading method, our trading method should be properly handled by our mind its not only about the rules adoption.

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