Chapter 7:
Why Emotional Management is Critical to Trading Success
Synopsis
Trading in the foreign exchange market is not all about strategies. Oftentimes, it can involve a lot of emotions especially when the experience is not at all pleasant. After all, even when the system of trading is reliable, human factor still remains as the major player. The trader can be very effective in maximizing the potentials of the trading system.
It is also possible that the trader might lack certain qualities that prevent him in making the right approaches. It becomes even more disadvantageous when the trader lacks patience in dealing with losing trades. Thus, it is essential to control strong emotional urges ensure that the process of trading is managed properly.