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07-22-2013, 11:51 AM #1
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how to control the fea? this emtions disaster me many time.
Hello
i wanna know that how to control the fear . the greedy is also horrible emotions for the trading. but according to my experience the fear is more harmful then greedy.
i can not control this emotions . for example when the market is form for trade i can not open the position . but when the market is not form i open position to get profit . but it convert to loss.
so my senior trader tell me how to control fear.
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07-22-2013, 09:55 PM #2
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Actually, if we have a trading plan before trading activities will help us to not trade with emotion. Most beginners do not have a trading plan, so that when a position they have not as I had expected them to be confused. Then try to open a new position and the market as if they were making fun of them. Therefore have a trading plan and stick with it. Thus it will filter the stupid things we will do later. With this you control your fear and your greed.
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07-23-2013, 05:42 AM #3
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I can really relate to your situation I experience these things before, if you bump series of losing trades you will have fear of losing and you will start to hesitate to place a trade, second being emotional in trading is really a devastating situation, you can have more losing trades that can lead to capital wipe out, to combat fear in trading is to find a battle tested strategy that fits to your personality and trust that system and have the discipline to follow its trading rule and you have to understand that losing trades is just part of these business you just learn how to control it, in the emotions part you must learn about trading psychology so that you can understand and properly react at any market conditions, without a clear understanding about the psychology of trading you may react violently if the market moves against your expectations....
STAY FOCUS AND DISCIPLINE !
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07-23-2013, 08:10 AM #4
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controling the fear factor in this forex trading business is not an easy thing to do but you just have to be smart about doing it, one you need to stay focused in this forex market secondly you need to have acquired the rright trading discipline and be a very patient trader , if you have all of these traits i am sure eliminating fear would just be an easy thing for you to acieve.
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07-23-2013, 12:47 PM #5
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I think the motive is money, about inhabit frightened to invest money in Forex trading since of endanger. All people are fear of losing money. For this many of them are fear in forex trading business. Most of the people first time fear about forex trade without sufficient skill and knowledge are facing loss frequently and finding no other substitute they fear in forex.
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07-23-2013, 12:51 PM #6
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to control on the fear and on the greed this need you to trade with plane and also to define your target monthly and weekly and also daily to trade depend on it without any high risk because if you do this you will moved away from greed and also will trade with money management with low risk to achieve your target only that you defined it without any greed
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07-23-2013, 04:50 PM #7
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Fear and greed can be control when you have good understanding about the market and when we have the mind and ability to control them we can control them in the right way, but we most first have good knowledge and experience about the market first.
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07-23-2013, 07:19 PM #8
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dear in my point of view if you want to control our greed fear and emotion then first do hard working for control our greendness then i think yours emotions was definitely control and also trying to don't take high risk and also don't afraid from losses because it was too bad and dangerous for traders and i am also try my best to stay away from this things
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07-23-2013, 07:28 PM #9
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You should be aware that loss in forex is a natural thing, any new trader or expert trader must have experienced loss in trading, so you should be confident that you will get consistent profit in forex even if you take loss. Feelings of fear usually happens when we have experienced loss many times in trading, so we are not confident about our ability. Try to write a word that makes you feel confident in trading, then paste it on the wall of your room, this is probably a simple way, but will raise your confidence.
Actually I have the same problem as you, but now I have felt better, and I have been able to control fear very well. I have taken way to fight my fear by holding positions in profit, I fight fears and worries about the price reversal. I even added a new position, of course, according to the analysis. This method actually works in me.
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Yesterday, 07:48 AM #10
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Then try to open a new postin sand the market as if they are working were making fun of them therefore have a trtading plan and stick with it thus it will fileter the stupid things we will do later for example wwwhen the market is from the trade i can do open the postion you nee to have acquried trading disciplan and be vary pation trade .