Post
Topic
Board Trading Discussion
Re: Are you following your gut instinct in trading?
by
Oilacris
on 28/03/2019, 23:40:16 UTC
We were advice during my forex trading by trading expert that we should not depend only on technical and fundamentals indicators alone in trading but we should focus our mind in the third indicator which is our gut instinct and we were told that it can not fail us but making us rich and build our confident in trading.  However. I think about 80% of traders don't know how to hear the voice of their instinct during trading!  Can one get this gut instinct training like others investments tools?  Is it even truth that we have something like gut instinct?
Gut instinct or otherwise known as emotions. I would trust my gut feelings if there's money at stake or if it is related to money. If there are tools that help us decide if its time to buy or sell better use it than use your gut feeling. That's the reason why there are tools like parabolic sar, rsi and bollinger bands, to help us better decide than follow our emotions.
On most cases we should really do this thing but there are really some orders that we cant understand and we just put up our entry or exit point without
any analysis that have been made because we do just feel that we should do that thing on point.Most of the time this isn't an ideal thing to be done but
there are instance which these gut made decisions do benefit us.