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
318 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
869 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
298 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
15 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.
lovefortrading (perryjohn765)
Mitglied seit Sep 12, 2017
238 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
21 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
399 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 Feb 23, 2021
26 Posts
Feb 23, 2021 at 12:13
I think most traders lose their money in this risky market because of their low knowledge and experience.
Mitglied seit Jul 23, 2020
759 Posts
Feb 23, 2021 at 18:01
Tremblay posted:True. New traders should trade safely. Most of time new traders lose money in the market.
If you are new in this market, you have to be very careful when you are going to trade. You need to make a good plan to make money from this market. A wrong decision can put you in great danger.
Mitglied seit Dec 05, 2020
81 Posts
Feb 24, 2021 at 06:43
AliaDare posted: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.
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.
Feb 24, 2021 at 11:50
AliaDare posted: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.
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.
Mitglied seit Dec 18, 2020
35 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
10 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
