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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. #971
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    To reduce the emotion in the trading we need to trade with the discipline and keep in mind our investment in the trading and i think we need to have spent the time in the trading because how much we spent time then we learn how to reduce our emotion in the trading.

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    Registered user Quid's Avatar
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    Quote Originally Posted by fazi417 View Post
    To reduce the emotion in the trading we need to trade with the discipline and keep in mind our investment in the trading and i think we need to have spent the time in the trading because how much we spent time then we learn how to reduce our emotion in the trading.
    You need to be discipline in trading but can not just do trading without thinking about it well,your mind and your investment finally showing you how you are not necessary to develop the idea on spending your money on the emotional obstacle situation to suffer stopout.

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  4. #973
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    [lang=id]there are some ways to reduce the emotion and some have writen above with you, and i do like above set the order and then forget it, and then we continue do something besides forex trading, but make sure that we understand for the risk and reward or consequences from it, and even if got the worst one, just need to accept them with no burden in mind[/lang]

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  5. #974
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    good control over emotions are important in Forex trading.as trading in Forex is logical making traders more successful. emotions slow down the skills and knowledge of traders so traders should trade with low lot size and should trust on their own trading strategy whether there is profit or loss in trade

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  6. #975
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    Forex market is unstable so there will be loss and profit as well.A trader shall not get emotional due to loss which will affect psychologically and make him to lose more in future.So trader shall have control over his emotions and should point out the reason why the loss was occurred and rectify it.

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    Registered user High's Avatar
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    Quote Originally Posted by PROPENSITY100 View Post
    To ensure our success in Forex we should have good control over emotions. Its not emotional trading but logical trading that makes a trader successful in Forex. Emotions pulls a trader down and impairs his skills and knowledge. Thus we should have good emotional control to excel in Forex trading.
    I agree with you. We know that, Forex is a greedy and emotionally online trading earning platform in the world. Its true that, its a great logical online business. Its to be success need strong preparation and practice power. Experience and knowledge is the backbone of success in Forex. We should control emotional and bad habit greed.

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    Quote Originally Posted by High View Post
    I agree with you. We know that, Forex is a greedy and emotionally online trading earning platform in the world. Its true that, its a great logical online business. Its to be success need strong preparation and practice power. Experience and knowledge is the backbone of success in Forex. We should control emotional and bad habit greed.
    What forex traders are doing indirectly are the things that is causing emotion in their trading, this is why traders should be careful and be doing thing in the manner that will reduce the emotional naturally, there is nothing better than knowing how to do the planning very well and carefully plan the ways out successfully.

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  9. #978
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    Every human have emotion in them but some shows it and affect themselves some control over it and become successful in life.Yes emotion is very dangerous in Forex trading,it may bring the traders to loose all his profit,money in a second.Thus trader shall control over their emotions by motivating themselves to have more profit in future and rather being emotional they must find out the bad strategy and plan which caused the loss

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    Registered user Quid's Avatar
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    Quote Originally Posted by pradeepk View Post
    Every human have emotion in them but some shows it and affect themselves some control over it and become successful in life.Yes emotion is very dangerous in Forex trading,it may bring the traders to loose all his profit,money in a second.Thus trader shall control over their emotions by motivating themselves to have more profit in future and rather being emotional they must find out the bad strategy and plan which caused the loss
    You look can not think more about the emotion,the obstacle you get in the trading about how to develop the acs in very good way,so many things can make you earn and lose at the same time,finally now you movin sins very high speed in your acc,it makes you suffer more because of that xxx forbidden trading.

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    To be honest one can only reduce emotional barriers if he himself understand what is wrong for him and what is not so it is all about self control and self understanding that is the key that will get your through Forex and on to the road of a Forex master trader. Also knowledge of the market is essential if you want to lower your risk and lower emotional take overs to avoid losses and allow stable growth.

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