Compare hypothetical profit to the acquisition of certain material goods meaningless mistake, wasteful and unprofessional. Trading in anticipation of lifting quotes a few points in order to obtain the required amount for the purchase of a new pair of shoes or the payment of the next installment on the loan, you should not!
Schedule can not make it to the desired mark, and the trader will not close the deal, staying in power hopes for an early change in the course of events in his favor. If the price will continue to fall, the reluctance to lose lost money provoke persistent expectation reversal chart.
After reaching the "stop-loss" affected by emotions marketer moves it even further. Minimum loss and trading rules it is no longer interesting - because the intended target was almost achieved. Thus, you can lose your entire deposit or a decent part of it. Such unprofessional behavior is possible only in a state of extreme excitement.
Emotions lead to a distorted perception of the information and biased assessment of the current situation on the market. Thoughts about money and emotions related to drive out of consciousness in every possible way! Profits should be taken only one that provides strategy, the situation with the "loss" is similar - no movement outside the system.
However, there is something more important to control emotions. According to experienced and successful market participants one of the main components of success is discipline. Most traders who receive a regular income on Forex, use proven trading strategies , systems and practices at the exchange.
Strict adherence to the rules of the selected scheme and significantly increases the likelihood of a deal with a favorable outcome. Even more unfortunate for a number of transactions are not affected by this trend, confirmed by years of practice.
Unfortunately, most beginners will quickly lose faith in the chosen strategy for worst-case scenarios, and begin to look for other trading systems. Frequent change of tactics does not bring anything but a partial or complete loss of the deposit.
However, the need to be disciplined in the measure. Eliminates unnecessary pedantry small amount of risk, so necessary when working at Forex. Of course, any risk must be justified, and excessive self-confidence can also hurt, provoking loss. However, the complete lack thereof, growing into pessimism significantly reduces the likelihood of getting a good profit.
Based on the above it can be concluded that the work on the Forex is a constant dialogue with itself, the ability to perfectly know, to understand and to control their own emotions, and the basis for such behavior - the strictest discipline.
However, apart from these important psychological factors, there is another, also plays a key role - patience. One of the most common tactics of unprofitable "to make a deal just for the sake of opening Sledkov." In order to make a profit is necessary to choose the right moment to enter the market.
So. To sum up. Real professional Forex trading features of a properly thought and a clear vision of the objectives in the short term. Successfully operating in Forex has three components - the competent control potential risks, control over their own emotions and self-discipline.
If the control of their own feelings there is a long, intractable problems, the only solution may be a complete transition to automated trading.