Objectivity
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a
system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to
become emotional or allow yourself to be influenced by the opinion of others and outside sources who are watching
their levels and not yours. Your system should be reliable enough so that you can be confident in acting on its
signals.
It comes down to becoming a mechanical trader. You see an entry signal you enter a trade, you manage the trade,
you see an exit signal and you close the trade. You start the process all over again. When you become a
mechanical trader you will see the market for what it is. You will not be fighting it. You will go with the
flow. Controlling your losses and managing your wins for maximum profit, with no emotions, just execution.
Tags: be a better forex trader, Emotion, Emotions, forex tips, The Disciplined Forex Trader, Trading smart, what trading really is
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Hi , I am from Sydney Australia, am enjoying and learning from your website. Will the new rules affect the launch Pad course method of implemantation, and is there anything to be aware off.I have been studying the MT4 platform.Can Launch Pad be used alone or does it require an ongoing monthly signal fee, and what is the signal or Norwood alert which I have read about? Thanking You , George.
Yes, I agree. With your comment.