Emotions will kill you in forex trading. The two biggest emotions in forex trading are greed and fear. You need to remove them as far as you can. These two will kill all your trading progress. I know that it is hard but you need to try and give it a shot. What do you think guys?
Very much important to control emotion, while trading if emotion interfere our minds, usually will leading us to make blindly decision and this is not the good way to manage our money based with emotion, about psychology trading has the high role in forex tradingAgreed. Exercise self-control. Emotions should never interfer your trading. Emotions must be felt because suppressing them is not good for your mind either. You just need to find a way to use them as tools to your advantage
Do you have any advice about how to achieve that? Sometimes that's easier said than done, especially for newbies.
Keeping a trading journal is the best way to keep your emotions in check. Well at least it will help you implement rules and monitor them on an ongoing basis.
I've been looking for something that plugs into MT4 easily, but so far its tough.