Trading With Emotions

Emotions are a wonderful aspect of what makes us humans. Highly developed emotional sensitivity is a characteristic of the greatest among humans. Our emotions are part of the more refined aspect of our beings which allows us to experience such things as joy, excitement, love, compassion, etc. Our emotions are indicators that even provide guidance as the emotional guidance system for enabling us to make important decisions. Even so called negative emotions serve to tell us when something is not right in our lives and thus serve a positive purpose.

But when it come to trading Forex, futures, or any other financial instruments, our emotions should not be a part of the decision making process. In our trading community we have methods that are well established as the means of producing immense profits consistently for many students of our Forex trading education and mentoring system. But due to various emotional challenges some students are influenced to not enter a trade when the signal is present or to enter when the signal is not present. This is the primary reason that some students have limited success in trading.

Recently some traders were afraid to enter short and/or held an emotional bias toward the long term up trend on the Yen pairs. Some entered much later after the entry signal after the opportunity was past. Some made enormous profits and then entered again when there was no signal due to their over zealous emotions. Some traders are experiencing the problem of closing trades too early because they see large amounts of money in the equity in their trading accounts.

Once a trader can learn to make these decisions bases solely on the visual determination of whether the entry signal is present or not, success becomes much more attainable. Making trading decisions in a relaxed state of mind without any clouding influence from unrelated emotions is the key to long term success in the Forex trading business.