How Do You Handle Fear and Greed in Your Trading?

a  proper trading plan takes care of all that , a plan should have the max number of trades running simultaneously , max risk etc so  as soon as everything checks out according to your plan , you execute without fear

A lot can be prevented by putting rules in place, or else the emotions will rule.

Fear and greed are the most common emotions that Forex investors experience. Both can negatively impact your trading decisions. If you let fear control you You may close winning trades or miss potentially good trades. If you let greed rule you You may open trades that are too risky or hold losing trades for too long.

Here are some tips for dealing with fear and greed in your Forex trading:

-Understand your emotions: The first step in overcoming fear and greed is to become aware of your emotions. When you start to feel afraid or greedy Stop and think about what you are feeling. This will help you understand how your emotions are affecting your decisions.

-Have a trading strategy: Having a clear trading strategy will help you avoid making decisions based on emotion. Your strategy should specify the criteria for entering and exiting your trades.

-Use Risk Management: Risk management is important to protect your money. When you open a trade Always set a limit for your losses. This will help you limit your losses if your trades go wrong.

-Practice: The more you practice, the better. The better you'll be at dealing with fear and greed. Start by trading on a demo account so that you can learn and improve without risking your money.

Set your trade, your stop loss / limits, close whatever you trade with.

That's literally how to do it.

Pretend your a computer Don’t stare at your trades

emotion is part of the fun for me in trading!

Fear is a human emotion that should be embraced rather than being shamed. However, easier said than done, you can always rely on these techniques to battle such emotions while making trading decisions:

Close early in order to avoid risks

Have a risk and reward ratio

Use stop loss

Always try to identify your triggers and source of fear

Never trade a size you can’t afford to lose

Overcoming an emotion like fear is a process that cannot be wiped off just in a moment. In order to defeat fear and attain stability, you should:

Not risk what you can’t afford

Not open several orders at once

Define a trading plan and your goals to keep yourself motivated

Shun all the unrealistic expectations to generate easy profits

Controlling your emotions is not quite enough. Most won't control their emotions and it's important to recognize that. You have to have trading PLANS in place that dictate your actions across a range of scenarios. That is your reference for decision making. The problem many traders have is never developing the plan. They then have nothing to reference except for their emotions.

know when you feel enough. make a tradingplan. In one day only trade 2 hours per day, open 4-6 position, not more. stick to your plan.

know when you feel enough. make a tradingplan. In one day only trade 2 hours per day, open 4-6 position, not more. stick to your plan.

know when you feel enough. make a tradingplan. In one day only trade 2 hours per day, open 4-6 position, not more. stick to your plan.