Eliminate the Emotion while doing Forex Trading February 15, 2017 It is very obvious that a trader of forex trading may be the prey of some emotions, which may lead a wrong way. Actually, you can suffer many hazardous results if you do not control your emotions. Trading is a business where a cool mind and calm behavior plays an important role. Whether you feel the positive or negative feeling, excess of both can drive bad effect on the results. Here are some common emotions associated with trading, which must be avoided at the time of trading or making predictions. Excitement and happiness are the most common emotion and captures when most of your trades fall in the right direction of your predictions. You feel a joy by making profits and play some more to add more money to your bucket. One needs to understand that when a trade wins good money, appreciation is must but stop the excitement then and there if you are about to launch another trade. Next trade must be taken as a new game overall, which needs all concentration and effort, your excitement produced because of previous trade should not spoil the result. The worst side of this emotion is that it can make you overconfident enough to make a wrong decision. There should be a logic behind every trade, which is overlooked in the joy of winning. Same is with the larger percentage of losses when a trader faces in forex trading. More losses bring discouragement and trader becomes panic at a point of time. He is gripped with fear of losing money and this affects his decisions. This may lead to future opportunities go in vein as trader feels like quitting throughout the entire trading time. The logical approach to fighting this emotion is that one must admit the mistakes and realize that this may happen to anybody on a trading day. It may need to get more experienced and educated about the trade and the market. Between these two extreme lines, all differences are made. As we all know that forex trading is a time-bound business, one may run out of time when in a panic state. In forex trading, there is little room for missed lines and opportunities. One always needs to be under control in every situation and while the trade is no emotion should take over him. Frustration is another enemy, which grips over new traders. When one after one trades are not falling your way, you may be at a hitting point and get frustrated. If it is so, it is the time to take a break and analyze all the moves made in trading. You may require a little help and more information on the strategies and money management. Frankly speaking, there is no any standard way to get rid of these emotions, they are sure to occur while you trade. This is led by the first result you get on the start of your trading day. You need to be calm and composed when you start your second trade of the day.