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Thread: 5 Ways To Trade Forex Without Emotion

  1. #11

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    You have mentioned some valid points, but being emotional is a basic human characteristic and trader can overcome it only by gaining experience or by spending time in the market.

  2. #12
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    Quote Originally Posted by fxapex View Post
    You have mentioned some valid points, but being emotional is a basic human characteristic and trader can overcome it only by gaining experience or by spending time in the market.
    Right that's why trader also must learn to control emotion. Because we will not be able to trade without emotion. Trader must learn about psychology of forex trading. Market forex is not unpredictable, and it can be the main reason why trader can't control emotion especially when our positions are minus

  3. #13
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    Quote Originally Posted by CahCuncun View Post
    Demo account from a broker must be maximize as well as possible. Emotion can be honed using real account, try to use cent account in TenkoFx so we will be able to get more trading experience and we also can understand market from time to time.
    Demo account has many advantages. We can learn our business without investing to the real account.we can practice our strategy and find out which strategy is suitable for us.then we can implement our strategy to the real account.

  4. #14
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    Quote Originally Posted by Lucien View Post
    Demo account has many advantages. We can learn our business without investing to the real account.we can practice our strategy and find out which strategy is suitable for us.then we can implement our strategy to the real account.
    Right, we can learn about forex without spending money by using demo account. And demo account also is useful for beginner traders and experienced traders. So, we should not hesitate what the advantages about demo account.

  5. #15
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    I think we will not be able to trade without emotion. We only can control it when trading. If we can not control it, we will not be able to maximize our trading strategy, our trading plan.

  6. #16
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    Quote Originally Posted by CahCuncun View Post
    Right, we can learn about forex without spending money by using demo account. And demo account also is useful for beginner traders and experienced traders. So, we should not hesitate what the advantages about demo account.
    Demo has only one disadvantage - you can't test withdrawal system on it.

  7. #17
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    Quote Originally Posted by Rita Ronker View Post
    Demo has only one disadvantage - you can't test withdrawal system on it.
    Yes, but we will get trading experience from demo account and it will teach us how to be better trader in forex. We can try to use demo account to understand more about market movement so we will be able to get maximal result here.

  8. #18
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    when our emotions then it would be better if we could minimize emotions with trading using MM and RM good. if we always disciplined with MM and RM are good, it will make us able to trade with a maximum

  9. #19
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    There are several ways to control your emotions in trading:

    1. Try to invest your time to analyze market rumors, before making any trade transactions. Knowing the clarity of the market direction will make it more confident and calm.

    2. Do not over confidence! It's better to enter 1 lot than 2 lots if it will burden the mind.

    3. Do not be too push yourself to participate in the transaction, if you are not sure the direction of market movement. Better to wait or postpone transactions rather than the wrong positions that cause emotions and psychology to be affected.

    4. Try to build a winning psychology! It is always advisable to be able to win (profit) at least 3 times in this forex trading. This is to build a winner's psychology instead of a loser (looser). A boxer who wins in his inaugural match will have the psychological impact of the champions in the next game.

    5. Create a daily target, close the position if it is on target. We can gather with our friends in the real world or play FB, continue our work routines and others.

    That way, trading will be an effort to balance. A trader should focus on profits and be able to respond to losses and try to balance the two. A trader is obliged to concentrate on the probability of the method and concentrate on the information provided by the market. That way your trading will be more accurate and reliable.

    Btw, anyone ever been a broker trader?
    if not try to be a trader in one of the trusted brokers that is FXB Trading because they are one of the famous brokers in the Forex market.

  10. #20

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    Only robots can trade without any emotions, it's impossible for a human. The main thing is to learn to control your emotions.

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