BALANCING EMOTIONS

    As a man, a trader can get off and certainly not emotions. It is normal. But the uncontrolled emotions can ruin your trading plan. There are two main emotions that can affect the success of a trader, namely FEAR and GREED.

    Traders are likely just the greedy want to gain that much and quickly. Then he reckless use of excessive margins. At a time when price reverses direction, instead he stayed bite the fingers of greed can also encourage traders to hold open the position although he already saw profit in the open position. But choosing the position hold with the expectation of profit. But even as prices turned around rapidly and he became a great loss.

Very reasonable fear experienced traders, especially when the prices of currency bought reverses direction, not as expected. However if too afraid, she even hurry hurry closed position. If he is patient, it is not impossible price reverses direction and instead of profit. Fear is a natural thing. Fear of loss, fear of kejeblos all humane. If it is not at all afraid, a trader can actually be a frivolous purchase, origin, origin of tubruk. The fear that a berlebihanlah is not profitable, because it will always be too late to take action or in a hurry take

the action. So even a loss, or a benefit. Balancing fear and greed is an absolute necessity that you need to have. If not, for trading forex, you will never profit.

Here are some tips that you can do in balancing FEAR and GREED:

  1. Success greatly influenced how you were able to balance the role of fear and greed in everyday transactions. People who have a good early controls will easily do it. However, when you control difficult, you can stick to a disciplined trading planning follow. The analysis and determine at which point You open a position, specify the point of take profit and stop loss. Do this: Plan the trade and trade the plan.

  2. Fear greatly influenced how you manage Your cash flow. If you are using excessive margins, or spend all your wealth to speculate in the currency market, You can be sure will be very frightened when price reverses direction.

  3. Never achieved a profit if it fits Your target profit. Be thankful with what he already had. Don't be so like to profit a lot. There are still a lot of time on the other day to do trading. Specify Your take profit point. Stop trading after profit if necessary.