Saturday 2 November 2013

Control your emotion when you trade!what is EQ?-IQ vs EQ

the writter of blog writte for you at international site MaketNews
THE original link(greek) 

" Aristotle of the Nicomachean Ethics , being angry is easy. To infuriating but with the right person, for the right reason at the right level at the right time , for the right purpose and in the right way , this is difficult . "

The above passage presents our initial approach to EMOTIONAL THINKING .

The term emotional intelligence is defined as the ability to recognize one's own emotions, to understand and to control.is The ability to recognize and t understand emotions of people around him and be able to operate effectively on their own feelings and the interpersonal relations . " (Daniel Goleman, Emotional Intelligence )

We must point out that mental intelligence (IQ) and emotional intelligence (EQ) are two distinct and separate abilities anthropou.Ostoso , linked together as one complements the other , necessary both for success in our world " markets . "

What are the characteristics of a man with high Emotional Intelligence?


1. The recognition of emotions : The self-awareness , recognizing that our feelings at the time of creation, is considered the cornerstone of Emotional Intelligence.

Two . The control of our emotions : the capacity is related to the manipulation and control of emotions in order to deal effectively with the psychological pressures that we receive during the trading mas.H ability builds on self-awareness and in no case to " assert themselves " our .

Three . Finding motivation for ourselves : The ability for self allows the attachment of attention to specific goals, setting goals , poise and agility.

4. The recognition of emotions of others: the ability for empathy that is fundamental skill (especially in the financial markets that the spoliation of how other traders react - feel is critical information for success) .

5. The management of our relations : This ability refers to the ability to manage the emotions of others a branch , and that it enhances the previous factor.

It is important to mention the theory of Sternberg (1966) according to which the ' intelligence success ' on an individual's ability to adapt to the environment and to adapt the needs and abilities of the environment that integrates personal goals an environment ( markets) where everything changes with " frenetic " .

What is the importance of Emotional Intelligence ?

According to surveys the high IQ ( the IQ that was known so far) does not guarantee professional and personal success . Surveys show that only 4 % of the success is due to IQ. Imagine a man with very high IQ's who manifests often " intense outbursts of anger and frustration " disrupting their judgment. Might be successful trader;

Probably driven transactions in " revenge " resulting heavy losses !

The answer is obvious , NO!

BENEFIT

In schools where education program was implemented emotional observed improvement in recognizing and naming emotions , greater ability to understand the causes of emotions, greater tolerance to frustration , effective control of anger , more accountability, better understanding of the views of others and improving communication .

Understanding & EMOTIONAL SUPPORT WAYS TO TRADING NOUMOSINIS

1.The first of these is to strengthen AFTOEPIGNOSIS . The sentience can get three versions : a) emotional awareness . The ability of a person to recognize his feelings and experiencing them , is one of the keys to emotional intelligence because the first step to regulate our emotions is natural to identify them . B) The objective self- evaluation. Knowing our strengths and our weaknesses and be open to constructive criticism is one of the keys to our personal improvement. C) The confidence , that confidence in our value and our capabilities (but not under a subjective evaluation perspective but from a thorough study of our efficiency Statistics DCI) .

2.The self . The way in which control and regulate emotions such as anxiety , fear, or anger so as not to interfere with the accomplishment of things we have to do ( trading decisions , input - output , etc.). Include: a) self , ie how we manage various impulses , b ) conscientiousness or otherwise taking responsibility for our performance ( including the acceptance of the damage potential ), d) adaptability, ie how flexible manage change ( very critical ! ) and e) innovation ( how open we are to new ideas - continued study on the subject ) .

3.The mobilization / motivation , the ability that some remain cautiously optimistic and continue the effort despite the failures. Details , mobilization consists of: a) the motivation of achievement , ie an internal impulse that drives us to constantly improving b ) our commitment to our goals , c ) the initiative to take action and adrattoume opportunities (pay attention to the good old saying - DO PSACHNEIS EFKAIREIES where there is none ! ) d) optimism ( understatement ) and persistence ( but no, the adherence to opinions ! ) us to pursue our goals despite difficulties.

4. . Ask yourself during the trading day "What I feel now? ". If you repeat this question for a long time ( eg a week) you will see that you will be able to recognize your feelings easily.

5.avoide to judge or interrupt your feelings before you even had a chance to study them . Usually , feelings follow the course of the curve of imperceptibly , become intensely and then again fall. There is no reason to switch. Instead, try to connect with them, accept them to understand , and to feel comfortable with them.

6.learn control your stress . When we are flooded with stress , we can not think objectively and perhaps take wrong decisions. To manage stress objectively recognized initially when you're nervous / or as well as how you react / behave in this case . Then try to think about what might help you when you enter this mode .

7.try to  can see your failures as fees for payment !

Every time after a failure we armed with the lesson !

How well we respond to difficulties is an indicator of emotional intelligence. Humor eg can help you feel more relaxed and when we relax , our capacity for creative thinking and solutions afxanetai.Dexou the damage ! And do not forget my dear readers PROFIT IS WIFE THE DAMAGE, AN inseparable couple !

8.The to look within yourself is the first step to recognize and regulate your emotions . But there comes a time and stop to look inside you and be directed towards the outside world. The balance between the inside and the outside as well as the ability to " understand" the "moment " and to be present in the outer world and these are pieces of emotional intelligence that push the trader has what a good picture of the market.

Creating a reference point outside of ourselves , which calmly observes the market and what it does not, what we would like to do, according to our preference and our open positions !

The above "optical " is an integration step of investing our education !

The ENEMY is within you !

fight your self!



PRACTICAL TIPS ( ON )

1 ) DO NOT YOU AND EMMONES PROKATALIPSEIS

2 ) ALWAYS USE THE STOP LOSS ( 's stop loss)

Accept damage and considered it as tuition

3) review YOURSELF

WATCH YOUR STATS understand THE POSSIBILITIES YOU

4 ) TAKE DECISIONS COLD OUT OF THE MARKET

5) PARTICIPATION IN OUR PURCHASE DOES NOT NECESSARILY COMPLETE UNDERSTANDING OF

6 ) Ask yourself - is my view of reality distorted ;

7) DO NOT ADD  WHEN MONEY IN AN ALREADY - injurious POSITION MOUAGIEN ,

're already on the wrong side of the market !

Do not make transactions revenge !

8) The trend is your friend followed along with the angels and let the when the majority begins to lose edafos.look calm, WHAT THE MARKET DOES NOT , WHAT YOU THINK WILL DO !

9) DON t accwept  any "one-sided and monolithic " process considerations, the " versatile " world markets.

10) DISCIPLINE IN A GOOD TRADING SYSTEM IN ART CAPITAL MANAGEMENT AND EMOTIONS

11) Do homework before you start success is 25% talent and 75 % work , DO NOT PAS not ready IN " BATTLE " trade !

The manage our emotional world in trading is an essential ingredient of success without good management of emotion ( psychology ) and also an equally good risk management (risk management), and even making use of the best trading systems on the planet, we would be doomed to failure !

Site http://inforex-trading.blogspot.gr/

Akrivos George

Provider orders in leveraged trading and investment manager . Technical analyst price Alternative Market ( currency rates , indices , stocks, commodities , etc.)

- See more at: http://marketnews.gr/article/7955/elegxos_synaisthmatos_sto_trading # sthash.cQ3y2S3b.dpuf

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