Profit From Forex Must Be Able to Control Emotions

In achieving profit in the forex business, controlling emotions is very important. In addition, a trading plan to achieve consistent profits is equally important. However, to implement the trading plan you must be able to control your emotions so you don't get caught in a cut loss that can make you run out of capital.

If you can't control your emotions, you will get a margin call. Controlling emotions in trading is very necessary so that the trading plan you make is not violated. Disciplined traders must be able to control their emotions in trading.

Profit From Forex Must Be Able to Control Emotions

When I first started trading forex I was consistent with the trading plan I made, which was looking for a profit of $ 10 every day. I will stop after reaching the profit I planned. But when I can get more profit than that, I can't control my emotions, I'm not consistent with the trading plan that I made, and finally I make half of my trading plan profit.

The next trade I still made the same trade, and again made more profit than I planned. Back because I couldn't control my emotions, I continued trading with the hope of more profits. But the market is unpredictable, the price reverses direction and I keep my position. Until the level got lower, so I decided to cut losses on some of my order positions to avoid margin calls.

From the experience above, I began to learn to control my emotions and be consistent with what I planned. Even though there is an opportunity to make more profit, I still close the order when the position shows the profit I want to achieve. After closing the order, I decided to read economic news and continue to study to increase my knowledge about forex

So, in my opinion to achieve profit we must be able to control our emotions and be consistent with the trading plan we make.