Inside Trade | Controlling Emotions – Forex Trading Psychology

Fear, suspense, greed, hope, belief, regret, and most especially happiness are just some of the emotions that accompanies trading. More advanced emotions such as intuition that may lead to insight may be present to those seasoned one.  Some traders , especially beginners, succumb to these emotions. But in order to maximize your potentials, those emotions had to be suppressed.

They say that trading is more of a psychological battle and your success or failure depends on how well you could control your emotions.

Switching attention. It is theoretically possible to alter our emotions by drawing our concentration to an another object. In that way, our mind is secluded from the impending possibilities that our trade might encounter. It could be further use to a trader's advantage by pouring the emotion into a something more positive. Instead of focusing our attention to the loss that we might get, why not switch our focus on the rewards instead. The eagerness to profit may help a trader to control the emotions involved.

Its all in the mind. Your conviction to control your emotion may prove to be get a grip of yourself while trading. The will power is a really an effective tool to help you achieve your goals.

Breathing exercise and more. Modifying some of our bodily actions such as breathing, body positions, tone and tempo of voice may influence directly our emotion.