Trading in the forex market or any of the other financial markets under emotions is one of the biggest enemies of any trader. Forex traders are facing different kind of emotions during their trades. The main problem is that whether a trade goes for you or against you it can affect your emotions in a profound way and this can lead you to behave in an erratic fashion which means making unreasonable decisions.
Even if you have set down a specific trading strategy that you plan to stick to it can be hard to execute when you are overwhelmed with emotion. By the same token you shouldn't let losses send you into a panic either. A few losses in a row can make you feel like everything is going terribly wrong and this could lead you to make poor decisions or even give up trading altogether.
Even if you have set down a specific trading strategy that you plan to stick to it can be hard to execute when you are overwhelmed with emotion. By the same token you shouldn't let losses send you into a panic either. A few losses in a row can make you feel like everything is going terribly wrong and this could lead you to make poor decisions or even give up trading altogether.
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