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Forex Trading Psychology: Levels of FEAR

Seb King (sebking1986)
Oct 14 at 12:09
89 posts
For me removal of fear came from repitition and building up a large set of data based around my trading plan so that I could see that it should work if I stay the course. Once you can see that and be at peace with it, the individual losses just become part of the process in the same way I have days when my index fund is down for the day. It doesn't matter as I'm looking years down the line.

If you can't spot the liquidity then you are the liquidity.
AliaDare
Oct 14 at 13:31
634 posts
You can never trade out of fear. You have to manage this psychology and try to make a profit. Motivation has to be used a lot. And you have to meditate.

LukeRachel
Oct 14 at 13:49
329 posts
Psychology is very important. Psychology needs to be controlled by every trader. Without which successful trading can never be done.

skihav
Oct 14 at 18:15
196 posts
It only depends on the trader himself. Alternatively, try both options, and then draw conclusions - which is better.

Unellene
Oct 17 at 10:55
283 posts
fear needs to be removed from your work, that even from your life, you still need to try something new without fear

billysnyder
Oct 20 at 07:39
52 posts
No matter what, a trader needs to learn to control their emotions. If a trader is not good enough at controlling their emotions, they can have a tough time trading. Only a knowledgeable and skilled trader would be able to make money in the forex market.

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