Do you have an EGO while Trading in Forex?

When you are trading sometimes it is the personal Ego and the bias towards what we think must happen regardless of the facts that markets will not take into account what do we think or want from them.

If we trade with Ego then we may not get any benefits.

What do you think?

Ego and emotions shouldn't play a role at all. The market is like an elephant, and you're a mosquito...there is no way you can will the markets into doing anything.

There's a good thread in here somewhere about ego.

Check out the last video that Pips_Cruiser posted.

What I got from it.

 

1. Everyone has an ego, you cannot silence it because an ego is your sense of "self". You can only learn to manage it.

1. You do this by not trying to fight it, acknowledge it, listen to it, then make a clear distinction between what you're ego is telling you. And what is actually real.

1. An Ego is actually a good thing because it's likely what has driven you want to become a trader in the first place and will likely drive you to success if you can use it as a strength and not let it be a weakness

Let me see if I can find the thread for you;

http://www.forexfactory.com/showthread.php?t=24323

I agree with 4exNinja that Ego and emotions shouldn't play any role. I try to shut down my psychological issues when I trade, because the solutions, which I make with them can't be right.. It's about your heart, but market is about your mind.