How to better control our emotions?

[PeTeR84]

I'm sure it's a common issue for all beginners so would greatly appreciate it if anyone can provide practical advice on how to better manage our emotions.

I understand even if you're good with your entrances however too little control of your emotions will often result in :

1) a smaller profit
2) an unwarranted loss

how often do I have to accept a 10 pip profit simply because prices would retrace after demoning profit. Once you close out for small profit or a small loss, the price go your way....sometimes a very long way. Of course, when I'm playing small things are distinct and often triumph over 100 pips however not much profit....

So can better control of our emotions be learned and developed or you're only born the way you're ?

[Relssac]

Cognitive honest therapy comes to mind. Many folks balk at it, but it's pretty damn logical. The fact is that most people do not want to take responsibility for their feelings.

Another thing to test out is EFT, Emotional Freedom Technique. It works amazingly well for plogical problems in addition to physical issues.


By way of instance, I suffer from back pain because I broke my back 30 years back. EFT provides relief such as drugs, like nothing else.

Of course my all time favorite is the ball-peen hammer approach. Buy yourself a high quality ball-peen hammer (if you do not understand what it is, just go to a fantastic hardware store and they'll help you). Place the hammer onto your desk beside your keyboard. Whenever you screw up while trading, such as shutting too early or letting your losses run, pick up the hammer and whack yourself in the forehead with it. Just once but hard enough to knock yourself silly for five or more minutes. This works extremely well at preventing revival trading as you can't see your screen anymore.

Should you find yourself breaking your rules again, increase the whacks, you for each time you break your rules. I guarantee you'll stop breaking your trading rules in virtually no time at all.

Feel free to send me a test once the therapy has worked.

[nereancz]

it. Just once but tough enough to knock yourself silly for five or more minutes. This works extremely well at preventing revival trading as you can't see your screen anymore. The next step is to buy a chainsaw. . .see then miraculous results

Attempt to build up expertise and in time you'll over some part of your emotions. Until then, keep trading lots

[InsomnaycOwl]

I am sure it's a frequent issue for all novices so would greatly appreciate it if anyone can give practical advice on how to better manage our emotions.

I understand even if you're great with your entries but too little control of your emotions will frequently result in :

1) a smaller profit
two) an unwarranted loss

how often do I have to accept a 10 pip profit simply because prices will retrace after demoning profit. As soon as you shut out for small profit or a small loss, the price go your way....sometimes a very long way. Of course, when I am playing small things are distinct and frequently triumph over 100 pips but maybe not much profit....

So can better control of our feelings be learned and developed or you are only born the way you are ? Once I started I knew I needed to treat Foreign Exchange like a small business. I even made a 'contract' for myself to stick to a plan and such.

And when you consider it, very good businesses doens't become successful immediately. Takes work and time. So trading is exactly the same thing.

Once I think like this, I remove any sort of foolish emotions that plague some people that lead them to over trading and higher risk trading.

[PeTeR84]

Many thanks for all...I think that this is something one must go through....

Dopey, I have heard of EFT before but it's expensive right ?

[milmttr8]

Get and read, Trading in the Zone, by Mark Douglas.

[livindRc86]

I get an EFT newsltter type the following website;
http://www.emofree.com/default.htm
worth browsing through...

Concerning feelings in gambling. As you're staring at a screen you're either previously - Oh I must have... or in the future When it gets there I will... --you're 'talking to yourself.' And you talk yourself into aborting trades too early or staying in too long.

-hang on and follow me here --
If you pay close attention while you're thinking you'll notice that your tongue is 'stressed' prepared to reply. (remember your talking to yourself)
Relax your tongue. I mean focus on it and relax it. It is virtually imposible to feel emotion whilst relaxing your tongue you have effectively removed the cause of emotion, emotions need time (future and past) and cannot be present in the current...
Relaxing your tongue forces you to be current.

I'll stop here since this line of thought is probably ' to outside there' for several - and there has been enough weirdness around the website lately already. . .LOL

[Relssac]

many thanks to all...I guess this is something one self has to undergo....

, I have heard of EFT earlier but it's expensive right ? No, it's free. Here is the link.

Http://www.emofree.com/downloadeftmanual.asp

My buddy has bought some in-depth stuff at a cheap price and he swears by it, but I have not needed it.

[Relssac]

Another resource is the Power of Now by Eckhart Tolle. I think most people are aware of the thought he presents on a very basic level, however like most things it must be brought to the forefront of our understanding to comprehend and practice it so it makes a difference.



I first came across the idea in college Once I read Nietzsche. He said that man is at his finest when he lives in the present time. Tolle shows the way to do just that and free yourself from the bullshit your mind depends upon you. As Walt Kelly stated, ”We've met the enemy and he's”; truer words you'll never read.

[alwaysxsoran]

For mepersonally, the best way to control my emotions is using a comprehensive set of principles to follow. If I know what must happen for me to put in a trade, at which I am planning to depart and how I'll manage it across the way, my emotions can't actually get a foothold. Whenever something bad happens, or when the trade begins to go south, I already know what I am likely to do depending on the situation (i.e. close at breakeven, let myself get stopped outside or close early, anyhow).

After a time, when you get most of the public things that happen related to some rule or another, there shouldn't be much of an emotional reaction--since you already know precisely what you're likely to perform in nearly every circumstance. Trading becomes dull and you know you have finally made it ( maybe not profitable, however closer to becoming a professional).

For me, the only time I truly get angry is if, win or lose, I didn't adhere to the principles I've made and that I acted on impulse. As luck would have it, that is happening less and less (he states today. . .check me following the interest rate announcement)

Oh, yeah, and I am reading Trading in the Zone by Mark Douglas such as johnedoe suggested. Great book so far...

Ed

[PeTeR84]

No, it is free of charge. Here is the link.

Http://www.emofree.com/downloadeftmanual.asp

My buddy has purchased some comprehensive stuff at a cheap price and he swears by it, but I haven't needed it.
Many many thanks....great that it is free....for that a cheapskate like me !

[Aurora099]

For those who interested on Trading in The Zone, u can pass me a minute with your email..with a pass : . . I really like u .ROFL

[rmoktescarranza]

Let us think about it for a sec, what's the source of whatever emotions you're feeling? The source is uncertainty, not being sure of an outcome and lacking confidence due to not being sure of their statistical reliability of your actions.

When we have a loss, but we understand that we did all right, the feelings involved are almost nil, as you understand that over time should you continue doing so, it is going to earn money. But should you not understand that what you're doing makes you money with time, then you've got no method of knowing you have been doing everything right, and in turn when taking a reduction you're going to want to hate yourself. Likely leading to damage.

If you pulled the trigger and it made money, but you do not understand that whatever it is you did makes money with time, after you will bank these profits you will get attached to them and will probably be afraid to repeat the same action, resulting in missed opportunities, self hatred and regret. However, should you know whatever it is you did earning money with time, you'll be excited about pulling the trigger. The only thing you will feel is ease and comfort regardless of the possible outcome.

This leads us to say that as technicians we need to carry out some statistical studies in order to prove to ourselves all truths we had found about the market. I'm conducting extensive research right now and will publish it for free on FF. Research contributes to confidence. Confidence leads to ease and relaxation. You put on a commerce and expect something to happen. You do not understand what the hell it is gonna be, but something will happen. What you feel should be precisely the same either way because you've got your statistics and are confident probabilities are on your own side. It is something to learn, and I have not yet mastered it, but it is a process.

Bob

[PeTeR84]

I find that sometimes, losses may actually help to keep you in the winning trades longer once you get used to things going against you originally....

So reductions may be useful.... Particularly once you understand why things went wrong.

[carpeaceoxker]

I find that occasionally, losses may actually help keep you in the winning trades more as soon as you get used to things going against you originally....

So losses may be helpful.... Especially when you understand why things went wrong. Well declines of course are part of the learning procedure.

Everyone should go through losing a few cash - only then will you be able to tell what kind of reaction and what kind of person you're, if your hard earned cash is on the line.

[suduin83]

If you would like to proficiently trade Forex, a trader should control your own emotions. Emotions will have no room to intervene if you follow the ideal path which is l earning the basics and Demo trading for 6 months or so to learn your trading platform. This will help in controlling your own emotions.

[kevin8893]

I'm not so sure demo account trading assists much with learning how deal with emotions related to trading. It can help you expand your expertise and experience, which then can supply you with some assurance, but the true emotional trading starts with the opening of their live account.

[MreakindLrank]

I'm not so sure demo account trading helps considerably with learning how deal with emotions associated with trading. It can help you expand your knowledge and expertise, which then can provide you with some confidence, but the authentic emotional trading begins with the introduction of the account. 100% - The gap was immeasurable for me. Demo was virtually irrelevant. Different from person to person, but overall, I anticipate its very significant for many new traders.

Get an overall idea about trading by means of a demo, but you want to measure and put some actual money on the line. . .100, 500, 5000 . . .whatever it takes to feel like the losses and gains matter, without being anywhere close to the amount that affects your day to day finances.

[almermomsen]

I am sure it's a common issue for all beginners so would greatly appreciate it if anyone can give practical tips on how to better control our emotions Would you ask a bricklayer how to put plumbing properly? Would you ask an average car commuter how to push Nascar racing? Would ask weekend hunter how to wage a war against drugs lords?

So why would you ask amateurs, like most folks writing here, on a topic like plogy? And even if they might poses a grain of truth, that may be exactly a grain which is going to be harmful to you.

Know yourself... with help of professionals in the area:

1. NeuroInvesting: Build a New Investing Brain by Wai-Yee Chen

2. TraderMind: Buy a Mindful Edge from the Markets by Steve Ward

3. The Mental Edge in Trading : Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments by Jason Willi

4. Trading in the Zone by Mark Douglas

5. Strength Finder 2.0 by Tom Rath

6. What Motivates Me by Adrian Gistick

7. Choke: The Secret of Performing Under Stress by Sian Beilock

8. Talent is Overrated: What Really Separates World-Class Performers from Everyone Else by Geoff Colvin

9. The 700 Habits of Highly Ineffective People: And How You Can Prevent Falling into Them by Jonathan Biggins

10. Too Soon Old, Too Late Smart: Thirty True Things You Need to Know Now by Gordon Livingston

11. Sun Tzu for Success: How to Use the Art of War to Master Challenges and Accomplish the Important Goals in Your Life by MICHAELSON GERALD STEVEN

12. In Pursuit of Excellence: How to Win in Sport and Life Through Mental Training by Terry Orlick

Read these books, reflect on them and discover your strength... then you will be able to discover a way that can be used WITH YOUR PERSONALITY... whatever it's 10 or 1000 pips... but without understanding yourself you dont understand what are you searching for... and nobody else will be able to tell you that except yourself...

[kevin8893]

Learning to control feelings is one important facet to be a successful trader. To avoid emotionally affected trading one should build discipline which will permit the trader to think and act as objectively as you can. Practicing on demo account and having confidence in trading program helps in controlling feelings. Moreover one should learn to accept risk as no egy includes 100% success ratio. I don't feel that practicing a demo account can help considerably with learning how to cope with one's feelings. When trading on a demo account that the stress that is connected to risking real money is not there.

[Cummre]

In my opinion it's extremely important to practice meditation whenever you are a trader.
I practice transcendental meditation (this is the simplest type) 2 times each day.

[xtinaamd]

Emotion for we can better manage it can to test the plunge on a real account, because by using little capital will be trained at the science and also mentally to be more controlled plogical

[kevin8893]

In my view it is very important to practice meditation when you are a trader. I personally practice transcendental meditation (this is the easiest type) two times a day. I've seen people mentioning meditation before. Does it help you? Perhaps you have noticed a marked advancement ever since you began?

[Silvikawa]

Not so sure about mediation, and kinda havent got the time, but one thing I learned over five years of trading my own account, its only learn to go about it, place some basic principles till it becomes a habit.

[Cummre]

quote I've seen people mentioning meditation before. Does it help you? Have you noticed a marked advancement ever since you started? Yes, This helps. I've become much less plogical in trading.
It just clears your mind from noisy daily ideas and assists focusing on a single thing (searching the very best entrance on market). And of course (I've noticed) it impacts in very positive way my trading.

[PINKPANTER93]

quote I have seen people citing meditation before. Does it help you? Have you noticed a marked improvement ever since you began? Absolutely helps me too.Keeps your brain calm, trading or otherwise.

Try zazen mediation or vipassana meditation.

I have been trying my hands at spirituality and self hypnosis too for a more mature brain and check of emotionshttps://www.forexsoutheast.asia/attachments/1526978512.png

Blew up near 23 k in 2016(Lost 12 k in 1 day as a result of sterling flash crash) and has been feeling borderline insane.

[kevin8893]

quote Surely assists me too.Keeps your thoughts calm, trading or otherwise. Try zazen mediation or vipassana meditation. I've been trying my hands in spirituality and self hypnosis too for a more old mind and check of emotionshttps://www.forexsoutheast.asia/attachments/1526978512.png Blew up near 23 k in 2016(Missing 12 k in 1 day due to sterling flash accident) and was feeling borderline insane. That must have been a pretty painful loss, I can only imagine. If meditation is helping you to avoid that happening again that is fantastic. I will start looking in the advice that you've given me, thank you!

[xtinaamd]

quote That has to have been a pretty painful loss, I can only picture. If meditation is helping you to prevent that happening again theres great. I will look in the advice youve given me, thank you! Really losses will be very debilitating, but traders ought to be berfirik as where it is better to be able to get what's expected in the forex to be able to get consistent profits. And that would be better always to Attempt to learn All of the time to move towards success in forex

[Curripk88]

quote I dont think that practicing a demo account can help considerably with learning how to deal with ones emotions. When trading on a demo account the anxiety that's connected to risking real money is just not there. Well I agree with you. It is only one of the ways. Even I think demo account cannot offer the complete picture concerning the trading environment as the aspect of genuine cash is lost. However, a demo account gives you an insight of the trading principles and knowledge which is important before you step into the live trading world.

[jokaylt]

In my view it's very important to practice meditation when you're a trader. I personally practice transcendental meditation (this is the easiest type) 2 times a day. I'd say mediation is also quite significant. Also as has been mentioned, lowering your position size. In case a losing trade will hurt you that much then you are in over your head. Here is the voice of experience speaking here :)

[kevin8893]

quote I'd say mediation is also quite significant. Also as has been mentioned, reducing your position dimensions. If a losing trade is going to hurt you that much then you're in over your head. This is actually the voice of experience speaking here :--RRB- I am not sure I'd deem meditation significant. Is it an interesting, likely effective approach to reduce anxiety? It most definitely is. But I am sure its not the sole approach.

[xtinaamd]

To restrain the emotions that the first ought to have sufficient understanding of this maximum, and the subject implemented in carrying out its forex trading, or to do the research with the preparation prior to simple forex trading account in order to run properly

[Puceleipkr9]

One practical method to control our emotion is to act quickly in getting out of a losing place so you can keep your losses to a minimal level. As soon as you have opened a transaction, traders are invited to put in a stop-loss order. Your stop-loss order needs to be altered to lower the quantity of money that you put in peril to preserve any gains.

[clarapalamtt]

Trade using a more compact size lot to find that compounding profits. After in profits, maintain your funds and include risk to entrance with the profits. If gain include 50% of the gain into your capital and another 50% entrance aggressively. If all profits loss return to step 1.

[ssexxtt989]

Define your setup, target, entry, SL. . .etc

Backtest your egy, if it's profitable, proceed

Do not let your emotion cause you to lose, you have to stay with your egy. . .unless you want to lose cash

[xtinaamd]

Emotions were alert would have the ability to implement our trading better, and when traders are more capable to improve the ability of the major Foreign Exchange trading, as constantly to become prosperous in working trading with utmost knowledge.

[mdalceran88]

1. You have to come up with your trading system. Test it for 100 percent (Demo account), write your own algorithm (this is an important aspect). Maintain your trade journal.
2. After entering the market, proceed from the computer. Do other things. 3. Celebrate the mani management. (The maximum risk is 3%). 4. Establish and TP. 5. Periodically remaining trade. For a few days.

[kevin8893]

1. You first need to develop your trading system. Check it for 100 percent (Demo account), write your own algorithm (this is a significant facet). Keep your trade journal. 2. After going into the market, go more frequently from the pc. Do other things. 3. Celebrate the mani management. (The highest risk is 3 percent). 4. Establish and TP. 5. Periodically rest from the trade. For a few days. I agree. I couldn't emphasize how important it's to test a egy thoroughly before employing it on a live account and how important it's to get a action besides trading that helps you unwind and clear your thoughts. Otherwise anxiety will force you to make poor, poor decisions.

[xtinaamd]

quote I agree. I couldn't emphasize how important it is to test a egy entirely before employing it on a live account and how important it is to get an activity besides trading that makes it possible to relax and clear your mind. Otherwise stress will make you make bad, poor conclusions. In running trading on a live account is Extremely Important to do, and it may be done with a small capital of $ 1 in a regular account instaforex, since with a small funding more may train and test the science of trading skills possessed, in Addition to plogical, and discipline will also be trained

[AilinSomersalcer]

https://www.forexsoutheast.asia/attachments/1526977585.jpg

[xtinaamd]

We can conduct the Foreign Exchange industry slowly, for example, amount of capital we use in executing Foreign Exchange industry, to better comprehend to run in the control of emotions was very in required, the business is something of this risk, so try to always run to learn to comprehend all

[Sseery]

Forex is not any different control. For example, how to control your emotions while driving. The way to control your emotions while constructing a house of cards. The way to control your emotions during poker. The way to control your emotions while wanting to eat something.

The overall Forex encounter does not hold any special weight, and it does not enable you to think it does. It turns into a self-fulfilling prophecy and a scapegoat for people to state Forex is so much different and harder and overly special. Most men and women sweat when they become nervous. Could they control this? Can they restrain their nervousness? Most of us have a fear of public speaking. They get nervous, then sweat. Asking how to restrain their feelings is like fixing the symptom rather than the root cause.

What makes people nervous, or over emotional in the specified setting? Why do some people freak out while driving a vehicle, while some are cool as a cucumber? Why do some people have ice in their veins when it comes to poker, and other fidget and give all sorts of informs? Can't some people resist the cake?

This question, which is addressed by an entire field of research, is best answered by plogy.

The issue, therefore, is not how to control feelings but what's causing the angry. Most of us who get nervous in the market are new. When you've seen it done it all it gets dull. Happiness from sadness from a reduction, and a triumph, after a while, all have muddled in collectively. There's not any shortcut for this experience. Wouldn't it be wonderful to ask someone, How can I never get nervous in front of a bunch? Then they give you the answer, simply don't worry. Then you move, Oh, ok! Got it! Then the next time you have to speak in front of the group you are not nervous... Wouldn't that be nice?

The bottom line... encounter is how to control your emotions... Have lots of experiences and learn from them... Then those slopes and valleys on the roller coaster have decreased significantly...

[kevin8893]

I really don't know whether one can compare trading Currency Market - along with the anxieties associated to it - to driving a vehicle. If one is driving an automobile they are not anxious they will lose the money they've invested in the vehicle rather than profit out of it. Or at least it is not really a logical fear to have.

[pikipi]

I don't know whether one can compare trading forex - and the anxieties associated with it to driving a vehicle. When one is driving a car they're not anxious they will lose the money they have invested in the vehicle rather than profit from it. Or at least it is not actually a fear to get. Can you please explain in details what do you mean? Cause I have not captured the notion why it may be compared and the way https://www.forexsoutheast.asia/attachments/1526977587.png

[xtinaamd]

The emotion Ought to Be controlled by the discipline we run in conducting trading, because the discipline would be able to Become more focused and more what we Conduct can benefit obtained easily

[kevin8893]

quote Would you please explain in details what exactly do you mean? Cause I haven't caught the notion why it may be compared and the way https://www.forexsoutheast.asia/attachments/1526977587.png That was my purpose, I do not think the anxiety brought on by driving an automobile and the anxiety brought on by trading forex can be contrasted. They are very different. If you're driving a car, you may be feeling anxious that you'll be late or you'll get in an accident - as well as those fears are pretty far-fetched nearly all of the time, but you'll barely be frightened of losing money since you're driving. On the other hand, if you're trading Forex you'll be anxious specifically about cash, and it would not be a far-fetched panic. It is just two distinct things, in my opinion, and also the method of maintaining calm in those two distinct situations could be different.

[xtinaamd]

More should we control emotions well, because with emotion terkontol then there would be more likely to live in trading. For that we try to perform in learning as in the demo or demo account contests to better understand the forex to run properly

[pikipi]

quote This was my point, I don't believe the anxiety brought on by driving an automobile and the anxiety brought on by trading Currency Market could be compared. They are very different. If you are driving a vehicle, you may be feeling stressed that you'll be late or you'll get in an accident - and even those anxieties are fairly far-fetched most of the time, but you'll hardly be frightened of losing money because you are driving. On the flip side, if you are trading Forex you'll be anxious specifically about money, and it would not be a far-fetched panic. It's just two distinct items,... Oh, I see now, thanks!
I just didn't understand why you have compared them first

[xtinaamd]

Emotion that's what we have to control nicely, because with uncontrollable feelings which won't be maximal in conducting the trading. For that try to do in learning in a demo account or demonion contest from instaforex to maximize the science of trading and also more leverage in FX trading run it nicely

[vicpkr80taoxmes]

Being new to FX Trading, 7 weeks, I also need to learn new skills and build confidence. I have found that learning the ropes trading the conclusion daily egy is much less stressful. Allowing more time to prepare the trades and lessen the mistakes caused by anxiety and inexperience.
My PIP count is respectable and my win percentage is gt; 60%. There are fewer trades using this procedure, but the 50 to 100 pips per trade make the difference, When I began I had been trading the 15 minute charts and exceeding 50% of my trades, not great and very stressful.
I occasionally trade the 4 hour charts, also early to give real analytics, but with increasing awareness experience this egy is revealing potential.
In conclusion, learn to walk before attempting to run. Rather than enter a trade prior to the candle shuts.

[indricikitiki]

There are lots of things that you could do to control your emotions, like you can listen to the music, or you can do Yoga, and lots more.

[xtinaamd]

Emotions are what we need to be well controlled in order to have the ability to walk Foreign Exchange with focus. And that'll be great again attempt to always run Decent trading like in demo trading or demo contest in instaforex in phases for success in Foreign Exchange

[anpknio.az]

I got your point, basically traders need to put their trading targets based on the market condition, if market provides 10 pips then we should put our TP for 10 pips just! Similarly, if market provides 100 pips then you need to set your trading target for 100 pips just! In any case, a fantastic trading program is extremely much handy in this case!

[crisdeox]

Emotions cripple your thought procedure. I just loss 20k gbp. Although I wouldnt say it was my fault entirely. Only a really dodgy trading advice from 'analyst' who've complete care of targets compared to client profits.

[morenikolove]

Trade with cash you can afford to lose.

[midwlok9m]

Meditate. It helps.

[kevin8893]

Meditate. It helps. I've often seen people advoing meditation. I tried a few occasions, but I think one needs to be more dedied than me for it to have an impact.

[ksamik]

If your emotions are out of check your probably using too much leverage and poor mm otherwise the trades would not be quite as damaging.