To use chat, please login.
Back to contacts

Fear of losing

Nov 11, 2020 at 13:00
1,965 Views
49 Replies
Member Since Apr 03, 2021   470 posts
Jun 02, 2021 at 23:34
Yes it's normal, human they will be tested by little fear, hunger, lack of wealth, soul, and fruit
but forex trading needs patience, loss is part of trading but needs to control the risk
Member Since Feb 23, 2021   330 posts
Jun 05, 2021 at 10:34
SteveHanks posted:
Most traders lose their money because of their low knowledge about the market.
Yes. gathering knowledge is very important to survive in this market.
Member Since Mar 26, 2021   29 posts
Jun 24, 2021 at 06:58
The fear of loss really affects us a lot and we do not make certain steps to move in the right direction.
Member Since Apr 01, 2020   231 posts
Jun 25, 2021 at 00:09
The fear of loss affects our trading style and our plans and strategies. Always keep you away from the fear of loss and invest only the money which you can afford to lose.
Member Since Mar 17, 2021   536 posts
Oct 18, 2021 at 10:57
Ariest posted:
The fear of loss really affects us a lot and we do not make certain steps to move in the right direction.
Every trader should make a back up plan for lose.
Member Since May 27, 2021   64 posts
Oct 18, 2021 at 12:30
SteveHanks posted:
Ariest posted:
The fear of loss really affects us a lot and we do not make certain steps to move in the right direction.
Every trader should make a back up plan for lose.
Yes indeed!
Member Since Aug 05, 2021   401 posts
Oct 18, 2021 at 12:41
Losing money sucks but is normal at times for traders. You have to be prepared for that and use it as a learning experience, rather than getting depressed or beating yourself up over it.
Member Since Aug 20, 2019   21 posts
Oct 21, 2021 at 09:47
Fear of losing is something that drives traders crazy actually. They always try to win this fear and every day starts from a struggle with these fears. To my mind, it's the most difficult task in trading activity. I mean the task to set up your mood and understand that you have to control your emotions. I believe the most effective way is to look in the eys of your fears. Try to fight them despite the fact that these fears always try to take over control your mental health. Traders shouldn't be afraid of losses, because loss is a great teacher and it helps traders to foresee further steps and never make mistakes actually.
Member Since Apr 09, 2019   538 posts
Oct 21, 2021 at 10:20
I think this fear can be removed or at least managed by employing the right strategies. Evidence and seeing something in the grand scheme can help see that losses are a part of trading and don't have to be an account buster. Extensive backtesting of a strategy before attempting it live will show you that statistically despite losses, your system works or not. Then when going live with this strategy, you can use a micro account where the total amount lost in a dreadful worst case scenario is negligible to you. Finally as part of any plan, a sound risk management strategy should be in place. All these may sound arbitrary but for me really help me get a handle on my feelings toward loss. Personally as I have moved through my own journey I am narrowing the emotional gap that I feel between winning and losing on an individual basis by becoming less bothered by either.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 19, 2020   751 posts
Nov 04, 2021 at 15:01
@GraceGilm To remove fear one needs good skills and a solid mindset. Fear comes when we don't know what's we are doing with our trades and why.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.