Are you afraid to lose your trade?

Oct 20, 2019 at 06:32
68 Replies
Member Since Jan 26, 2013   73 posts
Dec 15, 2021 at 13:52
The best traders in the world all take losses, even now. Just take losses that won't kill your account and leave you fighting for another day. Don't get emotional about your losses, but don't get emotional about your wins either. If you do get emotional either way, your risking too much of your capital.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Member Since Feb 20, 2021   53 posts
Dec 22, 2021 at 03:50
Fear is a very common emotion that traders feel when they start trading.

Since emotions play an important part of trading, avoiding it is harmful. Make sure you do something about it.

To gain confidence in your trades, try to start trading with low capital, and after that, you can increase your capital. Trading gets better with time. Don’t stop!
Member Since May 19, 2020   420 posts
Dec 22, 2021 at 13:36
The fear of losing is never justified. The best way to deal with it is to trust your trading plan. Don't start trading if you don't trust yourself. The second important aspect is to accept your losses as part of the trading. There is no business without losses, because there are always different financial expenses. And third, start thinking about losses after they happen and do a detailed analysis. This will be your way of dealing with fear.
Member Since Sep 05, 2020   13 posts
Dec 23, 2021 at 19:46
I feel that everyone is afraid of losing their own money in forex. Fear is quite a natural reaction to the losses, so this makes the traders improve their trading strategies in order to win more and lose less. I feel that only demo traders remain indifferent to the outcomes of their deals. This makes demo account and real account different from each other.
Member Since Dec 13, 2021   32 posts
Dec 28, 2021 at 06:14
Losing trades is a part of Forex trading. No one can be right all the time. The important thing is to have a plan for every trade, know your risk and exit points, and stick to your plan. If you are afraid to lose your trades, you will not be successful in Forex trading. You need to have a positive attitude and be willing to take risks if you want to be successful.
Member Since Dec 14, 2021   28 posts
Dec 31, 2021 at 05:24
No one likes to lose and it’s natural for everyone to be afraid to lose money. Since losing is almost inevitable, it is better for traders to learn to take it positively. However, I understand that if you are losing a big amount of money then it’s not possible to stay positive. Personally, I don’t chase big profits so I also don’t take bigger risks. When I fail, I try to understand the reason and think of a way to avoid it in future.
Member Since Jun 26, 2020   327 posts
Dec 31, 2021 at 08:20
loss is a great thing that we the traders no way to deny but the main problem is when we do a losses we got upset and trade again and agin.
Member Since Oct 17, 2018   103 posts
Dec 31, 2021 at 18:01
there was a time when all i could see was losing trades. but that was before understanding risk management and self control. i used to move the sl as i would think a trade would turn and it would just go deeper. now if it hits sl its just 1% so no worries no problem it happens from time to time with every trader
Member Since Aug 17, 2022   80 posts
Aug 23, 2022 at 04:19
croisssan posted:
Honestly, no. If I lose some of my investment, I will have the experience and understanding that I have something to work on.
I agree, the losses are a part of trading and they give us experiences of what to be careful about while trading. So I consider losses as a learning experience.
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.