BUY FXO Forum Shares
1316
Shares in the BANK:
We BuyWe Sell
$1.8938$1.9524
Page 1 of 11 12345 ... LastLast
Results 1 to 15 of 153

Thread: How do I get myself to be in control in trading?

  1. #1
    Bullish
    Join Date
    Jul 2007
    Posts
    93
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default How do I get myself to be in control in trading?

    Hey Joe! I know you must have been a truly committed trader when you began. How do I get myself to be in control?

    Statistics and society may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility for your performance and your life. There are always tremendous opportunities in the markets. It is not what happens; it is what you do with what happens that makes the difference between profit and loss.

    Most traders move from trading method to trading method, over time, until they find one that suits them one that is comfortable to run, and tests well first by back-testing, and then by real testing.

    Some traders never stop looking for the right way to trade. THAT is a problem. There are many ways to trade that can generate nice profits over time. To settle on a right way for you to trade:

    First, you have to believe in the process which leads to the generation of your entry signals. Does that process make sense to you?

    Maybe youre a visual sort of person and you are drawn to Candlestick charting. Take the time to understand why the patters mean reversal and not just accept the picture. Go deep.

    Choose a guru to follow. Maybe you learn best from mentoring. Choose wisely.

    Second, method you decide to go with, back-test it. In todays modern world of software, theres no excuse not to run all the back data you can through your method and see what the results would have been.

    Third, THINK about the process you are choosing and why its right for you. THINK about the results you get from your back-testing and your real-time testing of your system.

    Fourth, BE A MACHINE (DONT THINK) when you are trading your method.

    This is why I am a huge proponent of mental training for traders. Unless you can control yourself, you can never control your trading. In order to control yourself and your emotions, you have to believe totally in the way you trade. Do the work. Think. Then dont think.

  2. #2
    In Profit acidguy's Avatar
    Join Date
    Aug 2007
    Posts
    186
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    "BE A MACHINE (DONT THINK)."

    this is great. emotions has been the worst enemy for me to tame.
    and thats true. most traders. dont think about trading they just trust in knowledge, news, good rumors and signals.

    anyway, i have made this question inside my head, what is the brain for emotions? personally most of the times they are not pretty accurate, so..

  3. #3
    Administrator Loki's Avatar
    Join Date
    Aug 2007
    Posts
    97
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    I Trade forex because i love it. being a machine mean u can't feel anything. and all u go after is only money.

    i prefer being myself. trade with fun and self control )

  4. #4
    Piplet
    Join Date
    Feb 2008
    Posts
    15
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by Syed Muhammad Kazim View Post
    Fourth, BE A MACHINE (DON’T THINK) when you are trading your method.
    emotions is really one of the problem that most traders do face.. So leaving your emotions behind is a must for you to be not affected with your trades.. though it is really inevitable not to be affected, that is why in every trade, there should be a good money management for you to be rest assured that if you lose, it wouldn't be that big..
    Last edited by bhefx; 02-27-2008 at 02:44 AM.

  5. #5
    In Profit richtrader's Avatar
    Join Date
    Feb 2008
    Posts
    260
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default

    well i also have this problem with controling my self trading .when i win i want to win more ,even do there issm_upset no signal to trade i just think that i am a grand master cos i made 40 pips.
    in turn i loose 40+40 .when i loose i tend to revenge on the market by enetring more positions ,this is a very bad emotional problem....

  6. #6
    Bullish
    Join Date
    Feb 2008
    Posts
    41
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    without emotion ? only a EA can trade like this if it is trained to adjust to react various human emotions related money ,loss-profit interactions , news interactions & so many global interactions not merely reading the inert old charts & all past things . Future comes from past but past can not be future anytime -it is continually changing with only human emotions to lots many stimulae.
    So without human emotion is virtually absurd & worthless advice but controlling it to some extent can help.

    fontu

  7. #7
    Bullish fxgirl's Avatar
    Join Date
    Mar 2008
    Posts
    97
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    well i have the same problem...but now i think like a machine so i am getting better

  8. #8
    In Profit
    Join Date
    Apr 2008
    Posts
    267
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    i also agree that emotion is a big problem for traders
    but after some time u become a part of that
    same as like part of machine,it doesn't have emotion
    still i love to trade in forex market & enjoy that
    finally all that is money matters a lot

  9. #9
    Bullish
    Join Date
    Apr 2008
    Posts
    88
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    love the word
    be a machine
    that will have no emotions to play a role in making your decisions with emotions
    dont overtrade and machines will only follow your orders and no overtrade will take place

  10. #10
    Bullish
    Join Date
    Apr 2008
    Posts
    78
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Yeah

    I think it's a little bit hard to be a machine because i'm a human. Machines don't have a brains, emotions and free will but they use artificial intelligence. But I get the point. It's real hard to stay objective...

  11. #11
    Bullish
    Join Date
    Apr 2008
    Posts
    93
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by fxmaster81 View Post
    I think it's a little bit hard to be a machine because i'm a human. Machines don't have a brains, emotions and free will but they use artificial intelligence. But I get the point. It's real hard to stay objective...
    yes an humans make machines
    so humans can control there emotions themselves too

  12. #12
    Bullish
    Join Date
    Apr 2008
    Posts
    52
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    weweeee! my biggest mistake ever made is impatience. I never controlled myself from trading. And another problem with me is greediness. I dont want to close a loosing position.

  13. #13
    Bullish
    Join Date
    Apr 2008
    Posts
    78
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Quote Originally Posted by raketeer_mom View Post
    weweeee! my biggest mistake ever made is impatience. I never controlled myself from trading. And another problem with me is greediness. I dont want to close a loosing position.
    I know guys who keep positions till end of the world but I don't understand what are they training

    Always set SL, for example 30 pips. Better lose 30 than 900.

  14. #14
    Piplet
    Join Date
    Jun 2008
    Posts
    4
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default How do I get myself to be in control in trading?

    Hi syed

    I believe that each educational provider should contain many things, forecasting property, teaching schools of trading and Forex marketetc. In fact I depend on my educational provider in all these things and in many more else. So choosing your educational provider is one of the most steps you should take care of. Really what makes me to be in control in trading is my educational provider. Because it helps me through the practice account to practice and trade and make mistakes to be able to trade in live account with an experience in trading. Besides it forecast me with the technical future market activity which enables me to know when to buy and when to sell. just search well for your educational provide and good luck

  15. #15
    In Profit
    Join Date
    Aug 2008
    Posts
    107
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Make several diciplines and obey it. If you break the diciplines, punish yourself, such as ruuning 5 kms.

Page 1 of 11 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2017 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us