How to Prevent Emotional Trading

How to Prevent Emotional Trading

Emotions have absolutely no place in trading. All emotions do is ruin a trader’s mindset. Trading, whether Forex, stocks, cryptocurrencies, or otherwise, is about reason, logic, and solid planning. Today, we will provide you with some crucial tips on how to prevent emotional trading from draining your bank account.

Prevent Emotional Trading

Try to Keep Trades Small

One thing that you can do to prevent emotional trading on your behalf, especially as a beginner, is to limit the size of your trades. The larger the trades that you place, the more emotionally charged the situation is going to be.

Of course, nobody likes losing money, and the more money lost, the worse it is. So, if you place a $10,000 trade, it’s going to be super stressful, way more stressful than a $100 trade.

Now, as you get better and more confident in your abilities, those larger trades will become less stressful. However, for the time being, to keep your emotions in check, it’s best to go with smaller trades.

 

Get Rid of Your Ego

Yet another thing that will help prevent emotional trading is to park your ego at the door, so to speak. Yes, your ego is a part of your emotional state. For instance, if you win a few trades in a row and make some good money, it might get to your head.

In other words, a series of wins can artificially overinflate your ego. It comes to the point where you are falsely confident, and eventually you’ll start being reckless.

On the other hand, if you lose several trades, and you allow this to get to your head, it may make you far too cautious and scared of trading. Whether trading inflates or deflates your ego, both results lead to losing more trades. Therefore, to prevent emotional trading and losses, leave your ego out of it.

Emotional Trading

 

Educate Yourself

One of the best things that you can do to prevent emotional trading is to get educated on the matter. Simply put, the more you know about Forex, stocks, and other markets, the less you need to rely on your gut feeling.

Of course, your gut feeling has to do with your emotions, but gut feelings can often be wrong. Trading without a solid education and a good knowledge base is a sure-fire way to end up losing, and this will only make you more emotional.

It’s a vicious cycle, one that you need to prevent from occurring in the first place. The more you know, the more confident you can be in your abilities. Therefore, if you are confident, when you place trades, you won’t be very worried about them. It all comes down to knowing what you are doing.

 

Use a Solid Strategy

Related to the previous point, something else that you can do to prevent emotional trading is to find, refine, and practice a good trading strategy, or even several of them. The fact of the matter is that no professional trader just places trades on a whim.

Every good trader has a good strategy behind them. If you use a time tested strategy that is proven to produce positive results on a consistent basis, then you can be confident in your trades. The better your strategy, and the better you are at its execution, the less emotional this whole process will be.

 

Only Trade What You Can Afford to Lose

Perhaps one of the biggest mistakes that newbie traders make is to trade with money that they cannot afford to lose. Folks, if you gamble with your rent money, your school tuition, your money that you need to put food on the table, it is automatically going to create stress and an emotionally charged situation.

If you do this, you absolutely need every trade to go your way. If one trade goes south, oops, you just lost your only way to pay this month’s rent.

To help keep emotions to a minimum, you need to only trade with money that you can comfortably afford to lose. In the event that you do lose some money, if you didn’t need it to survive, it’s not going to affect your mental state in any significant way.

Prevent Emotional Trading

 

Start Taking Care of Yourself

One of the most important things for you to do if you want to prevent emotional trading is to actually take care of yourself. By this, we mean make sure that you are in a good mental state, as well as in good physical health.

The reality is that there are many things that can cause you to become emotional, and they will all affect your ability to trade in a rational and reasonable manner. If you are super depressed, stressed out, anxious, tired, malnourished, or anything else of the sort, it’s going to affect your mental state and your emotions.

If you start the day of trading already stressed out, you can probably guess that things aren’t going to go your way. So, just take care of yourself, take a personal mental health day, drink a hot tea, and take a bubble bath.

Prevent Emotional Trading

 

Start Getting Used to Risk & Loss

Yet another way to prevent emotional trading is to get used to the idea of risking your money and potentially losing it. Folks, this is the name of the game.

You are gambling your money, albeit in a rational and analytical way, but in a sense, it is still gambling, and when you gamble, there is always a chance that things won’t go your way.

You won’t ever be a profitable and confident trader if you cannot accept the fact that sometimes you will lose, undoubtedly. The best of the best traders can put their emotions aside, suck it up, and keep going. This is the nature of trading.

 

It’s About Quality, not Quantity

The other thing that we want to stress here is that trading is about quality, not quantity. Simply put, if you put research and effort into finding the best possible trades, you can be reasonably confident in them.

However, if you just place a ton of trades and hope for the best, it’s going to be super stressful and emotional. This is always the case, no matter what, quality is always better than quantity.

Prevent Emotional Trading

 

How to Prevent Emotional Trading – Final Thoughts

There you have it folks, some great ways to prevent emotional trading from dictating your trading game. If you truly want to become a profitable trader, we recommend taking a look at the Income Mentor Box Day Trading Academy, one of the world’s most respected online schools for aspiring traders.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!

Income Mentor Box Day Trading Academy

Income Mentor Box Day Trading Academy

Do you want to become a professional and profitable Forex trader? If so, there is no better place to be than the Income Mentor Box Day Trading Academy. Let’s take a closer look! 

Income Mentor Box Day Trading Academy

The Income Mentor Box Day Trading Academy

Right now, we want to provide you with all of the most important details about the Income Mentor Box Day Trading Academy, so you can make your own choice about whether or not to join it.

What Exactly is it?

First off, the IMB Day Trading Academy is a world class Forex trading course. This is its primary goal, to teach everybody and anybody how to be a professional and profitable Forex trader. At this time, the IMB Academy is one of the world’s highest rated and most popular sources for a trading education.

Now, do keep in mind that the primary focus of this academy is to teach you everything there is to know about Forex trading. However, a lot of what you will learn here can also be applied to other markets, such as commodities, cryptocurrencies, and stock trading too.

Moreover, keep in mind that Income Mentor Box is a fully online course, which is nice because it means that you can do it all from your own home, or wherever you happen to be, as long as you have an internet connection. With the IMB Day Trading Academy, you can finally learn how to be profitable in the world of Forex.

Who is it for?

When it comes down to it, the Income Mentor Box Day Trading Academy is designed for beginner, for newbies who have very little or absolutely no prior experience with Forex or with trading in general. The point here is that the IMB curriculum is designed in such a way so you can learn from the bottom up.

Here, you will start off with the basic components and terminology involved in Forex trading, and then you will slowly move onto the more complex aspects.

However, this is done in a very organized and well structured way. Remember, this course is designed for beginners, so it is made to be as easy to grasp as possible, and a lot of this is thanks to the plethora of full length video tutorial lessons that you can follow along with.

Who’s the Mentor?

In terms of who the actual mentor behind the Income Mentor Box Day Trading Academy is, his name is Andrew A. Andrew is a long time trader, one who has been in the business for just about a decade now. Yes, Andrew’s forte is Forex no doubt, but he is just as knowledgeable in the stock market, with cryptocurrencies, commodities, and more.

Andrew doesn’t claim to be some sort of guru like so many of those phonies out there. However, through years of trading (and receiving a degree in economics and business), he learned everything there is to know. Moreover, he has made all of the mistakes, and he has learned from them, so you don’t have to. When it comes down to it, there is really nobody that we would rather learn Forex trading from than Andrew.

What’s the Curriculum Like?

Ok, so what you need to know here is that the IMB Day Trading Academy consists of a total of 5 modules. Each module contains about 11 full length lessons. In total, this course will provide you with over 55 full length and fully comprehensive lessons.

Each lesson takes the form of a video, and these can actually be quite long. Once again, it starts off with the easy stuff, and then slowly progresses to the more difficult aspects of trading. With the help of this curriculum, you will learn literally everything there is to know about Forex trading.

What is also important to note is that you can work through the materials on your own time. With a membership to the Income Mentor Box Day Trading Academy, you get full lifetime access to all course materials, so you can take however long you feel is necessary.

Income Mentor Box Day Trading Academy

How Much does it Cost?

What you might like about the Income Mentor Box Day Trading Academy is that it comes in at just $299. Now, this is a one time fee. You only pay $299, and there are absolutely no hidden or recurring fees of any sort.

Considering how valuable the content is, this is the best deal that you will get far and wide. Based on the quality of education that you get here, there is not a single Forex training course out there that can match this one dollar for dollar.

Some Great Reviews!

The other thing that we want to mention about the IMB Day Trading Academy is that it has hundreds of rave reviews online. The fact of the matter is that people seem to be extremely pleased with it!

Income Mentor Box Day Trading Academy Free Forex Signals

Perhaps one of the most important things to mention about the IMB Day Trading Academy, is that with your membership, you get free access to the IMB Forex signals group. This is totally free and it comes included with your membership. This is a group where you will get up to 20 super accurate free Forex signals per day.

All you have to do is copy the signals and paste them into your broker or trading platform, and then execute the trade. These signals are very accurate and end up being profitable up to 95% of the time. This is a super easy and surefire way to profit in the world of Forex, and you can do this before you even start the course itself.

Income Mentor Box Day Trading Academy

 

Income Mentor Box Day Trading Academy – Final Thoughts

The bottom line is that the IMB Day Trading Academy is the number one place to learn how to trade Forex like a pro. If you want to start making real money, we would definitely recommend checking it out.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

50% Off Black Friday IMB Academy

50% Off Black Friday IMB Academy

Here it is people, the Black Friday deal of the year. Now is the time! If you are an aspiring Forex trader, and you need a great education on the matter, Income Mentor Box, also known as the IMB Academy, is the place to be.

The Income Mentor Box Day Trading Academy is the number one source to get a comprehensive and easy to understand Forex trading education.

Now, thanks to Black Friday, you can become a full time member for a fraction of the usual cost. This means that you can learn to be a professional and profitable Forex trader, barely for any cost at all!

Black Friday Income Mentor Box

Becoming a Pro on Black Friday with Income Mentor Box

If you are tired of losing trades and losing money, then it might be time to get yourself a fully comprehensive Forex education. With the Income Mentor Box Academy, this is exactly what you get, a comprehensive education in Forex day trading.

Here, you will learn all of the basics, all of the skills, and everything else you need to know to be a profitable Forex trader. With IMB, you get to learn from Andrew A, a long time Forex trading pro who knows how to teach newbies in a way that is simple to understand.

He’s made all of the mistakes so you don’t have to, and now he is here to teach you the right way to trade Forex. With 55+ full length video tutorials on various topics, and so much more, IMB is the best place to learn Forex trading, and now, thanks to Black Friday, you can get an amazing deal on it!

 

Income Mentor Box Forex Signals Group

One of the best aspects of the IMB Academy is how with a membership, you also get full and free access to the IMB free Forex signals group. Here, you can get as many as 20 free Forex signals per day. They are super accurate and easy to use.

Besides copy and pasting the signals into your trading platform of choice, there is nothing else involved in this easy money making process. As can be seen from the included image, IMB Forex signals are up to 95% accurate, which of course leads to some big time profits!

Black Friday Income Mentor Box

Income Mentor Box 50% Off Black Friday Sale

The fact of the matter is that on a regular day, the Income Mentor Box Academy already comes to people at a very low cost.

The usual price of it is just $299. This is much more affordable than any other Forex trading course out there, especially considering the high quality education that you get here.

 

Well, now, with this Black Friday sale, you get a full 50% off. This means that you can obtain full and lifetime access to all course content, including those awesome Forex signals, for a low onetime cost of just $149.50.

People, considering how accurate those Forex signals are, it means that you can make back the cost of this day trading course in just a few hours!

Black Friday Income Mentor Box

50% Off Income Mentor Box – Get it Now!

If you want to get your 50% off sale with Income Mentor Box, so you can learn to trade like a pro without barely having to spend money, this Black Friday sale is the time to do so. Remember people, this Black Friday sale lasts until Sunday November 29th. By the end of Sunday, the deal will be gone, so get it while it lasts!

Best Forex Strategies & Advice

Best Forex Strategies & Advice

The fact of the matter is that Forex trading is of course not easy. Sure, it has the potential to be hugely profitable when done right. However, it also has the potential to cause traders to lose large sums of money in very short periods of time. Yes, there are plenty of successful traders out there, and what they all have in common is that they used good Forex strategies.

Now, if you are a newbie to the world of Forex, you probably don’t know too many Forex strategies. Moreover, if you have never traded before, you could definitely do with some tips and advice, and some crucial education in general. FX trading is not the kind of thing that you can just wake up one morning and decide to be successful at by day’s end. It takes a lot of good knowledge to trade FX profitably.

This is what we are here for today, not as much to talk about specific Forex strategies and trading advice, but more to provide you with a great source for these strategies and tips. His name is Andrew. A, a long time day trader with plenty of experience under his belt. Andrew has seen great success in the world of Forex, and through his various funnels and channels, he does his absolute best to relay the best Forex strategies and advice to the people who need them the most.Forex Strategies

Who is Andrew A?

Before we get into talking about some of his best Forex strategies & tips, let’s quickly talk about Andrew. Andrew is a Forex trader with over 10 years of experience under his belt, and yes, he is very profitable. In fact, Andrew is the creator of the Income Mentor Box Day Trading Academy, various Forex & Crypto signals groups, and even some high quality automated Forex trading software too.

This man knows what he is doing, and where he is generally best known from is his YouTube Channel, Andrew’s Trading Channel. Specifically, this trading channel is what we are here to talk about today, as this is where Andrew provides his followers with some of the best Forex strategies and trading advice around.

Forex Strategies

 

Andrew’s Best Forex Strategies & Advice

Ok, so right now we want to take a look at some of Andrew’s best and most recent Forex strategies that he has covered, as well as some of his latest Forex trading tips and advice videos too. Let’s take a look.

Simple & Profitable Forex Scalping Strategy

What you need to know here is that in Forex, scalping is all about placing many small trades. Instead of placing a few large trades, which can be very risky, scalping is all about making tons of small trades on short timeframes. This can indeed be very successful when done right.

When it comes to Forex strategies, this particular one involves using the 3 EMA (exponential moving average) to create scalp trade setups. It’s definitely a video worth watching if you want to make decent profits really fast. This is one of Andrew’s most recent Forex strategies videos, and it has already become very popular among his followers.

EUR/USD Forex Scalping Strategy

Yes, here we have another video where Andrew describes one of his popular scalping Forex strategies. However, unlike the strategy video discussed above, in this one, Andrew uses the EUR/USD currency pairing as an example.

He does everything right in front of your eyes, including placing trades, so you can see exactly how he does it. If you want to trade the EUR/USD pairing, that has a huge profit potential, checking out this video on how to do it might be able to help you out.

Knowing When to Cut Trades

When it comes to Forex strategies, something that needs to be a part of every trading strategy, is knowing when to cut trades. Yes, sometimes trades go south and losses happen. This is just the way it is, and it is nothing to fret about.

That said, when trades are not going your way, you need to know when it is time to throw in the towel and just cut your losses. In this particular trading tutorial, Andrew discusses the two most important signs you need to be aware of that signify when it is time to cut a trade.

3 Ways to Find Forex Entries

Whereas the previous Forex strategies video we looked at was about knowing when to cut your trades, this one is about knowing when to open them. Of course, entering a Forex trade at the right time, and making sure that you are trading with the right currency pairs, is essential to success.

The right timing for the right trade can make a world of difference. This is why in this particular video, Andrew tells you what the 3 best ways to find Forex entries are. This is a really important tutorial video for all newbie traders, and we would definitely recommend watching it.

RSI & Fibonacci Forex Hack

In this particular Forex strategy video, Andrew discusses a somewhat complex yet useful trading strategy. As far as Forex strategies go, particularly those discussed by Andrew in recent times, in our opinion, this is by far one of the best.

Yes, it involves using two different indicators, Fibonacci and RSI in order to find the best possible trading signals and the best entry points. Yes, this particular strategy takes a bit of know-how and some time to master, but it has great profit potential and is definitely worth looking into.

 

Best Forex Strategies & Tips – Final Thoughts

As you can see, when it comes to the best Forex strategies and advice, Andrew’s Trading Channel is one of the top sources indeed. He’s got plenty of great advice that everybody and anybody can make use of. Folks, if you really want to make Forex trading as easy as possible for you, checking out the EA Pip Scalper app is a good idea, the first fully automated Forex trading system of its kind.

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