losses and fear.
Nov 11, 2020 at 09:26
95% loser, I am not agree. I think only 70-80% are failing in this business , actually loss is an inevitable in Forex trading but loss comes when we trade blindly and without having knowledge , experience and skill, otherwise Forex is a lucrative business if we will do it with proper planning and strategy.
Mitglied seit Oct 23, 2020
41 Posts
Nov 12, 2020 at 04:58
Losses and fear are the two most dreadful aspects of trading. They can even ruin a good and profitable trade. It is okay to be scared but don’t let it come in between your decision making.
Mitglied seit Oct 15, 2020
59 Posts
Nov 12, 2020 at 06:29
It is okay to be scared of losing but you should not let it affect your trade and trading style. It is difficult but it is better if you overcome your fears in order to be a good trader.
Mitglied seit Jul 19, 2020
318 Posts
Nov 12, 2020 at 19:33
Loss is a common thing. You need not fear it. You have to deal with the losses if you want to survive in this risky market.
Nov 13, 2020 at 11:01
If the loss is caused by fear and greed or other psy problems, then this will not affect the exp in any way, but will lead to large losses in the future. If the loss is the result of a mistake in market analysis or an e.g. wrong risk calc, then this can be corrected.
Mitglied seit Aug 17, 2020
123 Posts
Nov 19, 2020 at 07:02
Mohammadi posted:
95% loser, I am not agree. I think only 70-80% are failing in this business , actually loss is an inevitable in Forex trading but loss comes when we trade blindly and without having knowledge , experience and skill, otherwise Forex is a lucrative business if we will do it with proper planning and strategy.
You might be right, we don't know the exact statistics, but I don't think the 95% is unrealistic, if we take into account that many people try trading but then abandon it after the first series of disappointments.
Elena Triston (ele020)
Mitglied seit Apr 15, 2020
219 Posts
Nov 20, 2020 at 04:45
The Forex market is a very volatile market, it deals with a high volume of transactions hence the fear of losses will definitely exist. But if you can control your emotions, you can surely minimize loss and make profit. Try to use an expert advisor to prevent losses. Don’t use too much leverage initially. Although a bit of fear is good as it prevents you from making wrong decisions.
The more your practice, the more you learn.
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