The fear of losing opportunity
Dec 31, 2020 at 13:19
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.
Mitglied seit Jul 19, 2020
283 Posts
Dec 31, 2020 at 13:55
If you are a day trader it's not possible to make pips everyday. In some days you won't get any trades. You have to sit on sideline bench. If you want to keep a goals make it 3 months 6 months or yearly goals.
Mitglied seit Jul 23, 2020
816 Posts
Dec 31, 2020 at 17:00
Finding right time to enter and exit are important. Practice can help to overcome this weakness.
Mitglied seit Jul 20, 2020
286 Posts
Jan 01, 2021 at 03:27
It is never possible to trade if there is fear. Every trader should give up greed and fear. These two negative emotions are the cause of loss in trading.
Mitglied seit Nov 20, 2020
11 Posts
Jan 08, 2021 at 05:22
Controlling your emotions is the biggest strength that helps you in your trading journey. If you can control your emotions, you can do anything. And if you can’t, you won’t be able to make profitable decisions.
Mitglied seit Sep 12, 2017
232 Posts
Jan 08, 2021 at 10:18
One needs to overcome his fears in order to gain big achievements in life
Mitglied seit Oct 27, 2020
16 Posts
Jan 21, 2021 at 09:42
All newbies and even some expert traders want to make use of every opportunity they get and the fear of losing it is very dangerous.
Mitglied seit Jul 20, 2020
385 Posts
Jan 21, 2021 at 14:58
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.
Really important to match your trading style with mindset. If youre that way inclined be a scalper
Mitglied seit Dec 05, 2020
76 Posts
Feb 24, 2021 at 06:43
AliaDare posted:
If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
I agree. FOMO is a common thing we experience but over the time I have learnt that in forex one can't survive by being fearful. Confidence and faith is what will help you tap the opportunity on the right time.
Feb 24, 2021 at 11:50
AliaDare posted:
If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
I think fear is common but one thing which is not good is to indulge in revenge trading so that's why it is important to keep faith.
Mitglied seit Dec 18, 2020
28 Posts
Mar 17, 2021 at 10:16
Yes, mostly it is the fear that interrupts the success of a trader who starts making good profit.
Mitglied seit Apr 04, 2018
9 Posts
Mar 17, 2021 at 10:50
That is why I like using FX robots. They do not have any fear they just trade same strategy over again
Mitglied seit Sep 12, 2017
232 Posts
Mar 17, 2021 at 13:00
fear is quite normal and be it forex or general life we all fear not to miss the right opportunity
Mitglied seit Mar 17, 2021
494 Posts
Mar 17, 2021 at 18:35
perryjohn765 posted:
fear is quite normal and be it forex or general life we all fear not to miss the right opportunity
Yes. We should remove the fear from our heart. Otherwise we should face losses, and can not grab the opportunity.
