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Thread: How to reduce the emotional obstacles for a profitable forex trading?

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    Super Moderator RoboForex Trader's Avatar
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    How to reduce the emotional obstacles for a profitable forex trading?

    Learn how to become a profitable market speculator is not so hard. Logic, rules and strategy - it's certainly not complicated science. Challenge comes when you actually try to execute consistently profitable strategy.

    The main reason for this challenge lies in the fact that we are all human beings with our inherent human emotions. From birth, we try to avoid things that scare us, and look forward to the things that allow us to feel comfortable. If you follow this natural course of action in the trade, then you will be in big trouble.

    Logically, the profitable trader buys when the price dropped, and only after the majority of market participants have already sold (red candles), at the level of price support (demand). Buy when everyone just sold - is not so comfortable action. When opening a short position you should find a situation where most participants have already bought - after a big rally in the market, but it challenges your emotional nature.
    Here we look at three easy steps for reducing the emotional obstacles to consistently profitable trading.

    Change the color of candles

    Most traders use the red and green candles, making the price chart is quite attractive to look at, but it may not always be the best option for trading. If you sell after the price rally and on an objective level of resistance (supply), which is a high-probability trading opportunities, then you are probably ready to sell immediately after a series of large green candle. However, to sell after a series of green candles may be not as comfortable, because it creates a strong illusion that the price is going to continue to move on up.

    There was conducted an experiment with the students, showing them a strong rally to a predetermined level of resistance, which suggests the possibility of trading with low risk and a high probability.

    The color of the candles was changed on the black, allowing them to remove some of the emotional tone during selling at the resistance level. In the setting of the green and red candles, the sale after a series of green candles has caused fear among new traders.

    Change the color of candles - it's not so absurd idea, if you are just starting to trade and too concentrate on the color of the candles. You should always remember: the color is not so much important as their location.

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  2. #1001
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    [lang=id]we need to prepare everything with good before enter the market for trading forex, such as our situation and condition, it is very important, and also the place where we do trading forex, because the emotion will always be there and easier be triggered by something , need a good situation and make sure that we are not under the emotion[/lang]

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  3. #1002
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    need high skills in forex trading if you want to earn good profit and also if you want to good success in forex trading then high skills is very important in forex trading so more you learn well more you earn well in forex trading and get good learn and working well and hard in forex and get good skills also and earn good income in short time so good skills is very important in forex trading.

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  4. #1003
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    Forex is not for emotional traders. If we want to success in this business so we need to control our emotion and greed. This two things can make huge loss in this market. So we should avoid these bad habits from the very beginning forever. we should be well skilled in this business for our good earning.

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    Quote Originally Posted by Alamgir View Post
    Forex is not for emotional traders. If we want to success in this business so we need to control our emotion and greed. This two things can make huge loss in this market. So we should avoid these bad habits from the very beginning forever. we should be well skilled in this business for our good earning.
    If you want to be suvccess and you need to have a good way to gargle the emotional very well,if you just try to do it wrong possibly you are trading in that way and you will definitely be the traders who will suffer without satisfaction,if you give all your acc positions which are not possible for you to hold without sharing it to your gargling smooth tissue trading.

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    Finally successful traders

  6. #1005
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    we can reduce emotions difficulties for a effective forex working often,like we should always do company with low lot sizing and should not begin too much offers simultaneously until our first offers not completed and we should always believe in on our working strategy whether we get advantage or decrease from our offers.

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  7. #1006
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    one of the most confusing matters in trading forex is how to control your emotions while trading . so fear is needed but not to the degree to prevent you of even take your profits . use your fear when you face your greedy and you love of fast wealth . thus you can control your emotions when you have look or remember the reasons of your previous loss

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  8. #1007
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    Quote Originally Posted by Alamgir View Post
    Forex is not for emotional traders. If we want to success in this business so we need to control our emotion and greed. This two things can make huge loss in this market. So we should avoid these bad habits from the very beginning forever. we should be well skilled in this business for our good earning.
    Yes and most of traders who failed to control the emotion also will failed to make profit in this business. In forex we will need to wait for a profitable position and it will be impossible to make profit everyday if we can't be patient until a good position appear. Traders like this usually will spend most of their times in forex to waiting for their floating minus.

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  9. #1008
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    working of the distinct on options with the preference of the good style with the chart drawing with the software; those to differs also the shifts on appropriation as good trader manages of the better on working with the choice on decision to put with the preset on customs on differing of the good values with the each of profiles with the use of the templates.

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  10. #1009
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    good control before we do that which we should pay attention to the condition of the trade we are in the business where we really afford to be able to master ourselves to remain consistent and can suppress our emotions in order to create a good trade we can do and we live well in this business in order to achieve success in the lucrative trade

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  11. #1010
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    Quote Originally Posted by jumilah View Post
    good control before we do that which we should pay attention to the condition of the trade we are in the business where we really afford to be able to master ourselves to remain consistent and can suppress our emotions in order to create a good trade we can do and we live well in this business in order to achieve success in the lucrative trade
    In cases where we may fully understand the thought of expenditure of money, you might know Currency is definitely the strongest rewards. As a result, each individual expenditure of money contains increased rewards, as expected, a possibility in the loss is in addition increased. bare this in mind maintain our own bucks clearly, if they are not, currency can be highly unsafe.

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