No trader has ever lost or made money solely based on emotion – it takes action to pull the trigger. The feeling of an emotion and the taking of an action are separate events and it is possible to feel a feeling and act differently. You can feel tired and yet get out of bed. You can feel hungry and yet not eat anything. You can have a sense of fear and yet still enter the market, or a feeling of anxiety when in the market, and still stay in a trade. Emotions bring an urge for action but we do not have to take that action. It is possible, with practise, through developing emotional awareness, and learning how to regulate more extreme emotions, combined with some commitment to your strategy, to feel an emotion and to not have to act upon it. Read More
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REPORT: Emotional Intelligence and What It Means to your Trading - Dr. Woody Johnson
REPORT: 4 Tips for separating your Emotions from your Actions in Forex Trading - Yohay Elam
PODCAST: Emotions, Decisions and Discipline - Steve Ward
Editors’ Picks
USD/JPY advances toward 149.50 ahead of crucial BoJ policy decision
USD/JPY is rising toward 149.50 in the Asian session on Tuesday, picking up fresh bids. Traders keenly await the highly-anticipated Bank of Japan policy decision. The BoJ's outlook on the negative interest rate policy and the Yield Curve Control (YCC) will play a key role in influencing the Japanese Yen.
AUD/USD creeps lower to test 0.6550 ahead of RBA’s decision
AUD/USD is grinding lower to test the 0.6550 level in Asian trading on Tuesday. The Aussie Dollar stays on the defensive against the US Dollar as markets prepare for the Reserve Bank of Australia's extended pause but the Bank's rate outlook will hold the key.
Gold awaits Bull Flag confirmation and central banks’ verdicts
Gold price is holding the previous rebounding in Asian trading on Tuesday, as buyers take a breather ahead of the upcoming key central banks’ policy decisions. The US Dollar is stretching higher amid a risk-averse market environment, shrugging off some weakness in the US Treasury bond yields.
Avalanche price could rise 20% on gaming narrative ahead of GDC conference
Avalanche is an outlier on Monday, rallying while the broader market is crashing. It has outperformed Bitcoin price, as well as meme and AI crypto coins, sectors that have been thriving of late.
Australia Interest Rate Decision Preview: RBA set to stand pat after discussing rate hikes in February
The Reserve Bank of Australia is widely expected to hold the Official Cash Rate steady at a 12-year high of 4.35% following the conclusion of its March monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.
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