Taking profits on emotion vs. taking profits on logic

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A fact of Forex trading is that most traders take their profits as a result of an emotional impulse instead of exiting the market at a pre-determined target or from a pre-planned exit strategy. As a result, traders who exit a trade on emotion typically take much smaller profits than they would like, while traders who exit a trade based on logic and discipline typically are very happy with the profits they take.

There is also an element of being realistic here that I need to touch on before going into the examples below. You see, struggling traders who exit emotionally tend to think they are going to somehow squeeze every last pip out of a move and this causes them to have difficulty closing a trade that has moved into a nice profit. Successful Forex traders who know and accept the fact that they cannot take every pip out of a move, are more than happy to settle for taking ‘chunks’ out of moves and exiting their trades when they are significantly in their favor, instead of panicking and exiting at the last minute as the trade comes crashing back to their entr

 

gain profit in forex then we do not need emotions, we need logic to make a profit in forex trading. For that we need to be able to minimize the emotions so well that we will be more trading profits up again

 

As a human being we want more and more profits , as a sensible trader who knows forex market he also knows he has to make profit targets on logics not on emotions. Because emotions not help in trading just plan and logical trading helps to make profits.

 

to make a profit in forex could not use emotion. emotions will only make us experience many losses, and therefore we need to be able to minimize the emotions by using mental well in this forex trading

 

Involvement of any kind of emotion in trading is not good. You should not let emotions enter in your trading. If you do so, you'll definitely end up in losing your money.

 

Trading with emotion is very detrimental to a trader, we will have difficulty in obtaining maximum results. emotions will only exacerbate our trading. Trading with emotion it will only make us experience a lot of risk, and therefore we need to be able to minimize cold mind emotions well

 

to make a profit so we should not trade with emotion, because trading with emotion it will make us experience many losses. For that, we should be able to minimize the emotions by trying to trade using small capital to train the psychology of trading. if our trading psychology is good then we will be able to minimize the emotions

 

create a profit can not be with emotion, we should use the mind cool to be able to make a profit in this forex trading. Forex risk is very large so we need to control emotions with good trading to profit in forex trading

 

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