Emotional Decision Making

[Luke Hansen]

As being human it is not always possible to take trading decisions out of emotions. In many instances when a trader's mind is more concerned with the need of money or family / personal relationships or other problems, he may not be able to give spotlight properly on the charts, and as a result his trading becomes increasingly difficult. Thereby, we should try our best to keep emotions away from the trading life.

 

[amri.rudi]

The control of emotion in trader is the big factor in successful trader. Don't trade if you can't handle your emotion.

 

[KariPlov]

You have to keep your emotions aside when entering the field of forex trading. You need nerves of steel to have any chance of surviving this cruel world. Many people get enraged and make crucial decisions during this phase and a person never makes sensible judgements when he is angry.