PeteLanceley posted: Stick with your plan, and enter on your confluences that you have built up whilst practicing and you will be successful in the real world with trading. If you aren't confident yet, trade demo.
Best advice ive seen in a while. Simple and if followed will make you successful
The trading plan and the market may be facing different results, in our analysis after creating and submitting the plan eventually then depending on the market, but when our plan out from expectation, dont blame the market or ourselves, but we can learn from the mistake.
In Forex, everything is a reason, so does fear. Fear generally nests into the mind those traders who know Forex much. Taking low leverage can help you mitigate your fear of trading. So, every trader should try to recover from this bad habit because this fear puts a bar in the way of trading.
Fear of losing money is obvious when you trade in a market like forex where the risk factor is high. But this shouldn’t stop you! Traders can take small risks and trade in their comfort zone for a while and aim for big trades as they gain confidence and skills.
Failure is most often caused by fear. Fear is a powerful emotion. Losing cash in trading is extremely dangerous. It is for this reason that controlling feelings is the key to trading success. Furthermore, to control feelings you have to restrained. You likewise need to diminish your hazard and have an appropriate money management and risk management arrangement. Each individual's psychology is diverse so you need to out your own particular strategy that suits you the most.
Fear is one of the most common emotions that traders encounter. Fear is caused due to the lack of proper forex education or over capitalising the trade leading to losing the trades. But as traders grow they learn to embrace fears and drive them forward.
Michihito posted: Fear is the greatest reason for failure. Fear is a significantly compelling human feeling. Fear of losing cash in trading is extremely perilous. That is the reason controlling feelings is the way to achievement in trading. Furthermore, to control feelings you have to restrained. You likewise need to diminish your hazard and have an appropriate money management and risk management arrangement. Each individual's psychology is diverse so you need to out your own particular strategy that suits you the most.
Exactly, this is why most people fail with trading. Psychology is definitely the hardest part.
Fear is a normal reaction of your mental health after you started new activity, especially the activity which implies investing your own funds. Basically, this is okay and you have to understand that before you get rid of this fear, you should understand the nature of your fear. As a rule the most part of newcomers are afraid ofd losing money, however if you won't understand that you should learn how to lose moeny, you will never be able to become successful in trading or investing. Money is a sacrifice for your future success, accept this fact and move forward. Not all of the traders can do it, be the exception)
If you fear, better not trade. Better start for some 5 years trading on cent accounts or demo accounts, find your best chose of trading strategy. I just after 10 years make my strategy in expert advisor, and now everything do the robot.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.