Not exact matches
Utilizing a stop loss order on each position you open will mean that your
trading system and strategy
removes the
emotional tie to a
trade, and helps to keep your
trading disciplined.
By establishing your money management rules before you enter into a
trade, you
remove the
emotional aspect of
trading decisions and cut short your losses at a predetermined level.
Automation can a) free your time to do things in addition to
trading, and b) allow you to follow a more objective
trading strategy by helping to
remove the
emotional aspect of
trading.
If you can
remove the
emotional attachment to each
trade you enter, you will be on the path to making money in Forex.
In the future,
removing emotional bias in favor of more reliable
trading algorithms could be the only way to succeed in such an undeniably volatile industry.