The fear of losing opportunity
Mar 19, 2022 at 11:32
Furbelows posted:
Many traders face the fear of losing opportunity when they are trading the Forex market. Some traders are able to overcome this fear and continue trading, while some traders are not able to overcome the fear of losing the opportunity, and they stop trading.
Well, in my trading I verify my entry points by many parameters! Actually, I have no fear of losing any specific trading opportunity since, I am a day trader so, in a day I get (usually) multiple trading opportunities so, I can’t compromise the quality of my trading positions!
Mitglied seit Jul 20, 2020
399 Posts
Mar 19, 2022 at 15:41
Akasuki posted:Furbelows posted:
Many traders face the fear of losing opportunity when they are trading the Forex market. Some traders are able to overcome this fear and continue trading, while some traders are not able to overcome the fear of losing the opportunity, and they stop trading.
Well, in my trading I verify my entry points by many parameters! Actually, I have no fear of losing any specific trading opportunity since, I am a day trader so, in a day I get (usually) multiple trading opportunities so, I can’t compromise the quality of my trading positions!
That is the best way to be. If you have your trades managed you can make sure you dont have any undue uncomfort when trading. It is the uncertainty that gets most traders making bad decisions
Mar 22, 2022 at 06:32
Tilokvarma posted:I totally agree! Liquidity offered by the forex market is amazing. It keeps me optimistic and patient even if I miss any trading opportunity.
Opportunity can be lost but one should not be dejected for so. If one opportunity goes away, another will come soon and this is Forex. It is a blessing opportunity for all kinds of traders trading here. But traders should be devoid of revenge trading because no revenge on Forex cannot be taken.
Mar 23, 2022 at 05:42
Forex is a business full of opportunities so a trader should not repent even if he loses one opportunity because another opportunity will soon come to him. Every time traders should keep developing themselves and you might know how much essential learning is. Examining and testing of different strategies are essential for a trader.
Mitglied seit Nov 06, 2018
83 Posts
Mar 23, 2022 at 09:34
UweMoench posted:Yep, a lot of people suffer with this - especially when you are on a losing run. Best to be patient and wait for a solid opportunity.
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 Apr 09, 2019
538 Posts
Mar 23, 2022 at 10:52
CraigMcG2020 posted:Akasuki posted:Furbelows posted:
Many traders face the fear of losing opportunity when they are trading the Forex market. Some traders are able to overcome this fear and continue trading, while some traders are not able to overcome the fear of losing the opportunity, and they stop trading.
Well, in my trading I verify my entry points by many parameters! Actually, I have no fear of losing any specific trading opportunity since, I am a day trader so, in a day I get (usually) multiple trading opportunities so, I can’t compromise the quality of my trading positions!
That is the best way to be. If you have your trades managed you can make sure you dont have any undue uncomfort when trading. It is the uncertainty that gets most traders making bad decisions
This also comes from repetition and the confidence gained from knowing your edge. Doing so can completely remove fear from the equation and replace it with cold logic.
If you can't spot the liquidity then you are the liquidity.
Apr 11, 2022 at 09:43
Generally all of the traders have this fear, especially the beginners. When the market changes direction or moves in any direction, they think they’ll lose the opportunity to earn profits and then eventually they lose all the money because of wrong decisions based on fear.
Mitglied seit Feb 16, 2022
119 Posts
Apr 13, 2022 at 05:35
Losing opportunities is a very common issue in Forex but a trader should not worry about it because Forex generates thousands of opportunities for a trader every day. Traders should stop thinking about past because it creates an extra level of pressure for traders.
Mitglied seit Apr 14, 2022
32 Posts
Apr 29, 2022 at 11:46
According to me, this can happen with anyone who has just begun his trading and is quite common but with consistent practice and learning one can definitely overcome their fear and slowly can lead to the path of a profitable forex journey.
May 03, 2022 at 09:42
You have to accept that you can’t take advantage of every market movement happening. You won’t understand some while some will end even before you get to know them. But this thought should not make you open positions in every trade you come across. You are not missing any bus. It’s okay to skip some trades.
Mitglied seit Apr 14, 2022
41 Posts
May 03, 2022 at 11:52
The fear of losing opportunity is quite common. To overcome this fear, you must always have a positive attitude and prevent being influenced by the emotion of fear, as the market is quite volatile.
May 03, 2022 at 22:37
Trades need to be patient actually, but sometimes when the price move leaving the line, then leading traders to chase the price, this is like many people said, fear of missing out, often dynamic market make this decision eventually in regret, we can take a lesson from these experience.
Mitglied seit Jan 11, 2022
45 Posts
May 05, 2022 at 04:42
Every trader has this FOMO when it comes to grabbing potential trading opportunities. Imo, this should not be a problem. Forex is a highly volatile and highly liquid market, which means it is no scarcity of opportunities.
May 05, 2022 at 05:28
I have seen newbies open positions in nearly every trade they come across. I don’t understand why they feel that they will miss their bus if they don’t open a trade now. They need to follow their plan and not trade until they can stick to it.
May 24, 2022 at 06:54
Fear of losing money is a shared emotion among traders. If not controlled, this could cause problems in your trading.To control it, traders should devise a plan and trading rules that can help them build confidence. It usually begins with starting trading with small trades.
Mitglied seit Apr 09, 2019
538 Posts
May 31, 2022 at 13:33
Takes a while to realise the market is littered with opportunity. Have rules in place to try and take advantage of the high probability ones as deemed by your strategy
If you can't spot the liquidity then you are the liquidity.
