Emotion in forex trading

Emotion in forex trading

You are so excited in forex trading! You want to make as much money as possible! You place the trade and price of your trade, you think that the price can come back your way again. So, waiting and waiting and waiting .... Finally, your account was set on fire and you are so upset ....

Well, it is normal that a new trader will experience when you begin to trade forex. In fact, we are all human beings have emotions. You feel excited when I just got started because forex trading can earn you money (if you do it right, to). You feel excited to gain some profit and got out of the market price and still go on your way.

There are several areas that will cause your emotions to control your trading. Let's find out what they are:

1st Greed. This is the No. 1 killer of forex trading. When you are greedy, better train or not complain. When someone is greedy in trading Forex, you put more and more money and lose more and more. Never greedy.

2nd Invest more than you can lose. Well, I think you must know that forex trading is a high risk activity. Some newbies, they just know that his "high-profitable investment, but do not know that this is, as well as high-risk investments. Never, never, never put money can not afford to lose in your account. You are family, health life is more important than making money.

3rd Blind trade. Trading forex is not about gambling. So, please allow yourself with forex education. If you do not know how trade, better not trade. It is worthy to put its first investment in education, commerce before your first trade.

These are a few great things that will affect our emotions in trading. So, master your emotions first will master 80% of trading.