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How emotions affect our trading strategy in forex
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[QUOTE="moonchild, post: 271891, member: 57467"] Emotions can really cloud our judgement especially in Forex trading, this is the main reason those who are successful in demo trading fails when it come to live trading, because with demo there is no any tangible investment at stakes but when it comes real trading you get to see how traders will let their emotions push them into taking trades or increasing their lot size to make more profit which is totally against their trading plan and become detrimental to the account at whole because of this reason alone people say Forex is very hard. One needs to learn how to stoic when it comes to forex trading, be indifferent about results, some trades are definitely going to be bad and some trades are going to win, your main goal is to cut your losses immediately, ruthlessly and let your winners run by making sure they align to higher time frame and make maximum profit anything short of this is, calling for trouble or falling for your emotions which equals bad decisions. [/QUOTE]
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How emotions affect our trading strategy in forex
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