Loading...
Continue to Myfxbook.com
Continue to Myfxbook.com
Čeština
Deutsch
English
Español
Français
Indonesia
Latviešu
Melayu
Polski
Português(Brasil)
Português(Portugal)
Slovenčina
Svenska
Türkçe
Vietnamese
Русский
हिंदी
ไทย
日本語
简体字
繁體中文
한국어
Sign In
Sign Up
Open an account with FOREX.com
FX Tools:
Economic Calendar
Interest Rates
FX Calculators
News
spreads
Sentiment
Forex Heat Map
Correlation
Market Hours
Home
TradeWizards
Posts
Share
Share this page!
Posts by
TradeWizards
1
2
3
1
2
3
How to become emotionless in forex?
in
General
Jan 01 at 07:11
I spent a long time studying bots and signals, analyzing patterns and profit and loss factors, and used many of them and made good profits, but risk management was still necessary.I used to prepare a trading journal from them and researched their annual data.The most important factor in an algorithmized strategy is not the strategy itself, but the risk management model and the communication structure of each transaction.I have seen algorithms with 90% success that have been called margin during the crisis, but algorithms with 50-60% success that have never been called margin.It got a little co...
How to become emotionless in forex?
in
General
Dec 30, 2024 at 12:20
It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.It was hard work, but when you trade without stress, even small profits become pleasant.
How to become emotionless in forex?
in
General
Dec 30, 2024 at 08:06
I have been trading forex for 10 years.For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.I have been selling my products on the MQL5 site for a year now.I am friendly to answer any question you have.
How to become emotionless in forex?
in
General
Dec 28, 2024 at 08:02
I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.
How to become emotionless in forex?
in
General
Dec 24, 2024 at 16:11
I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.If you have any questions, I will help you.
How to become emotionless in forex?
in
General
Dec 24, 2024 at 06:46
You made good points, having a trading journal is very important.But it is important to note that there is a fundamental difference between a demo account and a real account. When you work with a demo account, your mind behaves differently than a real account, and emotions create havoc when dealing with real money, and a demo account is only useful for testing and reviewing strategies, not controlling emotions.So when entering a real account, trade for a relatively long time with minimal volume and with complete calmness so that your mind gets used to the profits and losses of real money.
How to become emotionless in forex?
in
General
Dec 23, 2024 at 15:22
The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.The second step is to stick to them and never open a new trade until you have completely recovered your emotions.Try to neutralize the emotional feelings of profit and loss before entering the next trade.
How to become emotionless in forex?
in
General
Dec 22, 2024 at 09:11
There are several ways to control and override this:1- Creating conditions for emotional and psychological control.2- Test and practice for mastery and self-confidence so that fear and greed disappear.3- Use robots and algorithms instead of personal trading.4- use signals and experts.If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
The end of 2024.
in
General
Dec 22, 2024 at 09:01
We hope your Christmas is loaded with fun, laughter, and some awesome financial wins. Let’s kick off the new year together with lots of good vibes and great profits!Cheers, The Trade Wizard Team
XAUUSD
in
General
Dec 20, 2024 at 06:46
The probability of a long-term decline is very low due to geopolitical factors. These are just temporary shocks to investors.
Psychology
in
New Traders
Dec 20, 2024 at 06:25
It may not be believable for many, but I adhere to the discipline and practice of meditation very muchYou perform at your best when your mind is calm
Psychology
in
New Traders
Dec 17, 2024 at 14:39
You can read the books "Trading in the Zone" and "The Disciplined Trader" by Mark Douglas, it was very useful for me, if you follow it carefully, you will succeed.I hope you are profitable
Psychology
in
New Traders
Dec 17, 2024 at 14:30
I do very little manual trading. I have been using my own robots for about 5 yearsI am a programmer and I also sell some of my products on the MQL5 site
Psychology
in
New Traders
Dec 17, 2024 at 05:21
There are several ways to control and override this:1- Creating conditions for emotional and psychological control.2- Test and practice for mastery and self-confidence so that fear and greed disappear.3- Use robots and algorithms instead of personal trading.4- use signals and experts.If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.
Psychology
in
New Traders
Dec 17, 2024 at 05:14
Creating a mental balance is very important for traders.But prevention is always better than getting into a crisis. If you have a crisis in a row, it will be difficult to mentally control it.
Stress, anxiety and motivation.
in
General
Dec 11, 2024 at 07:08
I am a trader and MQL programmer and have been working in this field for 10 years.I am just telling my personal experienceThere are several ways:The hardest way is to control your mind and master risk management when problems arise. This is very difficult.The second way is to use risk and capital management tools that create alerts and forced stops on your account and performance. You set them before you start trading and in normal mode, not when you trade.The third way is to convert your strategy or a strong strategy into an Expert Advisor that only executes the strategy without emotion and ...
Psychology
in
New Traders
Dec 10, 2024 at 06:39
You're absolutely right.But there are tools to manage and control emotions, such as:1- Expert Advisors that just execute the strategy without emotion and have no human error, they just need to be chosen correctly2- Risk management panels that prevent you from taking positions beyond your financial means
Mt5 vs Mt4
in
General
Dec 09, 2024 at 05:42
The MT5 platform is much more powerful in terms of both computational cores and liquidity.It offers a lot of analytical tools and data for strategy testing, which is great.The speed of order execution is very high, which is great for scalpers and expert advisors.It also usually has lower spreads.
Psychology
in
New Traders
Dec 05, 2024 at 06:03
Most traders lose because of their emotional and mental control during profit and loss.Someone who cannot control their fear and greed should not be involved in manual trading.The best way to eliminate this situation is to use algorithmic patterns that have zero emotional and human error and just execute your strategy.
Stress, anxiety and motivation.
in
General
Dec 04, 2024 at 05:03
This is true to some extent, but if your profits are too small in the long run, the motivation to continue is lost and you may not continue.The volumes should be proportional to your capital and principled risk management.
You have an Ad Blocker!
Myfxbook is a site supported by advertisements. Here are two ways for you to continue browsing:
Ad Free Subscription
or
Disable your Ad Blocker
Already subscribed?
Sign In
You're not logged in
This feature is available for registered members only.
Registration is free and takes less than a minute.
Click the sign up button to continue.
Unless you're already a member and enjoying our service, then just sign in.
Keep up to date with the markets
Enable notifications to receive real-time important market updates:
Economic Calendar
Forex News
You can disable notifications at any time from your browser.
Unblock Notifications
You've blocked browser notifications for Myfxbook.com. Please enable it:
You can disable notifications at any time from your browser.
PREVIOUS
CONSENSUS
ACTUAL
