The fear of losing opportunity

Dec 31, 2020 at 13:19
5,502 Views
128 Replies
Member Since Feb 16, 2022   67 posts
Jun 29, 2022 at 15:26
UweMoench posted:
The fear of losing opportunity is very dangerous. All newbies have this fear. When markets moves a lot in a certain direction, they become restless by thinking they are losing an opportunity of making money. As a result they try to open trade even if their system shows no signal, and they open trade and lose the money.
Proper time management is needed for trading, for example, scalpers always follow short time frames and long term traders always follow long time frames. So follow time frames according to your trading style.
Member Since Jun 28, 2022   21 posts
Jul 06, 2022 at 06:40
Fear is a natural emotion that every trader faces. Since the possibility of risking money is stressful, traders should learn how to handle their emotions to maintain control over their trading decisions.
Member Since Jul 19, 2022   2 posts
Jul 19, 2022 at 13:23
I think developing strategies and executing them in a planned manner is more excited than jumping on any moment you consider as an opportunity.
Member Since Jul 13, 2022   19 posts
Jul 20, 2022 at 04:57
The fear of missing out may lead to impulsively entering trades or closing trades at inconvenient times. It can even lead to putting too much capital at risk due to inadequate  research.
Member Since May 24, 2022   17 posts
Jul 21, 2022 at 05:22
The fear of missing out on opportunities is very painful, just how you feel FOMO by your friends. Haha, anyways, back to the point-
If you want to keep an eye on the market always, even when you are away or asleep, you can use bots for that specific period of time. Customise your bots to the number of trades it can make, and set a really close stop loss to avoid big losses.
But I'd suggest you relax a bit, we are humans, we cannot be present on the market all 24 hours when its open.
Member Since May 27, 2022   12 posts
Jul 21, 2022 at 09:13
The conflict between FOMO and FOL make FX trading so stressful. It it wasn't for Forex signal providers and robots then I would just give up. I need someone else to do the analytics for me otherwise the stress gets to me
Member Since Jul 19, 2022   24 posts
Jul 22, 2022 at 09:54
This is why they say that you must learn to control the way you react to market situations. Your knowledge and experience tell you which trades are worth entering and which ones you should avoid. Consider keeping a trading journal to pave a way to success.
Member Since Jul 19, 2022   22 posts
Jul 25, 2022 at 06:31
The fear of missing out on an opportunity comes from the greed for making quick profits. New traders should slow down a bit and focus more on learning instead. There is no need to rush and take up every trade that you see. Set a limit on the maximum number of trades for a day or week and stick to that to avoid overtrading.
Member Since Jun 22, 2022   21 posts
Jul 25, 2022 at 11:14
Fear of losing opportunity can force you to haste in trading and it is certainly not good. Controlling your emotions can help you here.
Member Since Jul 26, 2022   49 posts
Jul 27, 2022 at 04:24
One should always understand the basics before starting to trade in the forex market, then practice on a demo account. Due to the volatility of the forex market, newbies won't be able to understand how it operates and will end up losing everything. So having proper forex knowledge is a must.
Member Since Jul 13, 2022   19 posts
Jul 27, 2022 at 05:20
Just do not risk what you can’t afford to loose.
Member Since Jul 28, 2022   11 posts
Jul 28, 2022 at 04:42
One of the fear of missing out on an opportunity stems from a desire for immediate profit.
New traders need to take their time and concentrate more on learning and improving before making the money. There is no need to hurry into every deal you come across.
Member Since Apr 14, 2022   37 posts
Aug 04, 2022 at 07:38
Weatherly posted:
Fear of losing an opportunity can often lead to stress and other negative emotions like anxiety and FOMO. So, it is required that we do not rush too fast so that we forget that trading is a journey and not a destination.
Agreed and with this your trading journey will be affected badly so one should keep a check on his emotions before trading in forex market.
Member Since May 13, 2022   22 posts
Dec 16, 2022 at 05:52
This is a very common feeling that beginners go through. For them, every market movement seems like a money-making opportunity, which is wrong. Firstly, they need to determine their risk appetite and then understand the market movements to make the right moves.
Member Since Jan 21, 2022   57 posts
Dec 20, 2022 at 10:14
Teutomania posted:
This is a very common feeling that beginners go through. For them, every market movement seems like a money-making opportunity, which is wrong. Firstly, they need to determine their risk appetite and then understand the market movements to make the right moves.
I agree, traders need to be able to understand the right way to move with the market. It can take time to get familiar with the market sentiment. Beginners generally feel that they’re missing out and rush into the market without a plan leading them to loss.
Member Since Mar 11, 2022   51 posts
Dec 22, 2022 at 12:47
Gewgaw posted:
Teutomania posted:
This is a very common feeling that beginners go through. For them, every market movement seems like a money-making opportunity, which is wrong. Firstly, they need to determine their risk appetite and then understand the market movements to make the right moves.
I agree, traders need to be able to understand the right way to move with the market. It can take time to get familiar with the market sentiment. Beginners generally feel that they’re missing out and rush into the market without a plan leading them to loss.
Indeed getting comprehended with the market takes time and every trader should maintain patience. Fear of losing money is quite natural but you need to understand that trading is a business. Being fearful will never let you become profitable.
Member Since Apr 03, 2021   470 posts
Dec 22, 2022 at 22:51
Working in a real account is surely different compared to working demo account, using real money, the fear of losing money is a common thing, especially for first-time trading as beginners, usually with long time experience, the fear will decrease because already get more understand of the market.
Member Since Nov 29, 2022   40 posts
Dec 23, 2022 at 10:05
To overcome the fear of losing opportunity in trading, I would recommend focusing on developing a consistent trading plan and sticking to it. This can help to reduce the temptation to make impulsive trades based on fear of missing out. I would also recommend setting clear risk management strategies, such as stop-loss orders, to help manage potential losses and protect against potential losses.
Member Since Mar 21, 2022   47 posts
Dec 29, 2022 at 09:10
The fear of losing an opportunity is a common emotion that has a negative impact on trading and the trader. This is why every trader should keep their emotions out of their trading and trade in the live market with a clear mind and logical approach.
Member Since Jan 19, 2023   21 posts
Jan 20, 2023 at 13:55
I experienced this first when I started. Now I realize opportunities come and go, there will always be a new train arriving!
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