When You Should Stop Trading Forex?

Hello

Tip of the day:

I always emphasized on this fact that forex trading is a psychological and mental ability that emotions have a big impact on it. Developing mental abilities has its own rules and is really different from the other things. One of its most important rules is that if you put too much pressure on your mind and force it to learn something or gain an ability, you will get a reverse result. Your mind doesn’t follow you and you can not really force it to do anything.

So what is the point? As a trader if you can not get a good result for a while and you see that you are not doing good, it means your mind is out of the balance it was used to have and so it is making wrong decisions. We think that the decisions it makes are wrong because they get negative results but your subconscious always make the decisions based on its current situation. Right or wrong and negative or positive results has no meaning for it. It just reacts to the environmental factors. When you force to make a lot of money through over trading, then it tries to take a lot of positions that most of them are wrong. When you check the result later, you will be surprised that why you took those positions because they were absolutely wrong. But it was not you that took those positions. It was your subconscious. When your mind becomes too tired and exhausted, your subconscious takes the control. This is a very dangerous situation in trading.

What is the best thing to do in these cases? You have to stop trading until you feel you are back to the normal situation that you need. When you make mistakes, trying to recover them by putting more pressure and probably over trading will have the reverse result and you will make it worse.

You can not control an emotion by fighting it. It becomes worse. You just should not let it become stronger. You should not feed it. For example when you suffer from greed and it causes you to lose money, if you keep on over trading and struggling, you are in fact feeding your greed and you will make it stronger.

One of my friend who is a great stock and forex trader knows another great trader who is used to stop trading for 6 months every year just not to let his greed become stronger!!!

Today signals will be posted in the below table at 17:00 EST which is 22:00 GMT. Make sure to be on time!

Further Reading: Before leaving our website, please take a look at the other articles we have published.

Was this article useful? Let my latest articles be delivered to your inbox automatically. Enter your email address here and click on the subscribe button. You can unsubscribe at any time and your email will not be given to any third party: You can also subscribe for my feed:  Subscribe in a reader Did you know that ... ... you can learn to trade Forex and make money at the same time? Click Here to learn how.