Predominantly, the occurrence of such negative condition was caused by fear that appears in case of a threat of negative consequences associated with the loss of funds in the course of trading. Initially, you should realize how adequate the feelings that appeared are. Assess the current situation and answer the question what the global consequences will be. If there are no fatal threats, there is no sense in be nervous and in taking inconsiderate actions.
The main recommendation on the theoretical level are the following:
- Recognize the occurrence of the condition that results in momentary impulses
- Take responsibility for your actions
- Deprive the current condition of individuality
The main reason of this disruptive reaction is based on the overestimation of the negative effect. Experiences that occur in the course of trading result in the feeling of discomfort that is gradually accumulated and leads to a breakdown. From the bitcoin evolution review this is important.
Practical tips for managing yourself
Practical tips that help understand how to manage emotions in Forex come to the following:
- development of will power
- taking actions that are opposite to the desires to which emotions lead them
- acceptance of reality as such
- practicing of meditation
Trading behavior scheme
In fact, the trader, in a real situation, when trading on the foreign currency market should operate using the following scheme:
Perform the occurrence of the condition caused by the pressure of feelings and understand the necessity of taking emergency measures.
Relaxation – do breathing exercises and understand the irrationality of actions taken in such condition. Make a sober assessment of the situation and classify the condition: fear, anger, panic, feeling of personal importance.
Take opposite actions – deny yourself an opening of a transaction, leave a stop loss at a previously set level, keep the position in case you want to close it due to fear.