The biggest mistake newbie does is they treat trading as a gambling. They come here to get rich overnight. But they are unwilling to learn by themselves. But the reality is- you have to be skilled in order to make money consistently. If you can't invest your time in learning, do Not invest in the market.
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.
For successful trading, fear is a great enemy. Since your fear can make you move away from your money management and let's close the deal before the level predetermined by your system. And as often happens in such cases, the market after that likes to turn in the direction you need.
Loss is organized out of fear. However, every trader should give up emotions and start trading. It is possible to become a profitable trader if you can give up negative emotions.
AliaDare posted:
Loss is organized out of fear. However, every trader should give up emotions and start trading. It is possible to become a profitable trader if you can give up negative emotions.
EXactly. It just takes a right mindset and dedication to achieve success.
Dec 18 2020 at 07:44
Losses are inevitable in trading, they can only be reduced not eliminated alotgether.
Everyone does not want to suffer losses. It `s naturally. But in forex trading, there will always be losses. it's part of the job. And the trader's task is to minimize these losses.
Dec 18 2020 at 09:41
DoraWalletInvest posted:In forex, fear comes from the increased possibility of losing money, which can happen anytime for a trader. Experiencing fear is normal. ... Simply put, you are experiencing fear. You think to yourself that you cannot handle it anymore, and do not want to lose more than you already have
It is indeed important to learn how to control your emotions. I don't believe it's possible to reach a state of complete emotionlessness but we can definitely practice and choose not to listen to our feelings.
https://funds-money.com/how-beneficial-or-risky-is-bitcoin-trading/
Hm, I often hear that people are worried about this.
But if you've already worked in business, you're ready for it.
And if you worry too much, you should read more about trading psychology - it can really help!
But if you've already worked in business, you're ready for it.
And if you worry too much, you should read more about trading psychology - it can really help!
Nobody wants to lose their account. This is a natural desire for any trader. The crap of losing your account prevents many traders from making money. And also provokes people to commit rash acts.
A big mistake in fear of trading. It is never possible to consistently gain profit by trading out of fear. So every trader should refrain from fear.
Jan 13 2021 at 04:14
That is right. Emotions and trading don’t go hand in hand. There has to be a clear distinction.
Chasing loses is the worst thing you can do, try and stick to the plan.
Jan 14 2021 at 21:27
One must focus on looking at the market as an opportunity and not as a threat. Normally, you get what you think.
"EVERY BATTLE IS WON BEFORE IT IS FOUGHT". SUN TZU.
Jan 15 2021 at 17:47
Jim_B posted:True. Revenge or over trading is dangerous. You may even blow your whole account.
Chasing loses is the worst thing you can do, try and stick to the plan.
Jan 21 2021 at 05:36
You need to be prepared before coming to the trade market. Losses are inevitable, train yourself so that you can manage the loss if may occur.
Plan, strategize, learn about risk management practices, gain knowledge and be consistent to avoid the chances as well as fear of losing.
Plan, strategize, learn about risk management practices, gain knowledge and be consistent to avoid the chances as well as fear of losing.
Jan 21 2021 at 08:49
loss is a thing that cannot be avoid at all in spite of having good knowledge and experience. so we the traders first of all have to except the mentality to faces losses. thank you.
Jan 22 2021 at 06:59
The fear of losing your hard-earned money is quite obvious but for healthy trading, a healthy mindset is required. So you must be confident enough to believe in your ability to execute every trade. So keep your emotions aside and trade confidently.
It often happens that due to the fear of losing our funds, we make mistakes that do not give us the opportunity to start or continue trading
Feb 03 2021 at 01:47
The more you fear, the farther you will go from trading success. You can never face fear and greed by trading.
