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.
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.
Dec 31 2020 at 17:00
Finding right time to enter and exit are important. Practice can help to overcome this weakness.
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.
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.
Undoubtedly, that's a fear common with everyone. However i'm always better off when i trade with a plan.
Jan 08 2021 at 10:18
One needs to overcome his fears in order to gain big achievements in life
To overcome the fear of losing money, you need to use for trading only those funds, the loss of which will not be critical for you.
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.
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
There's one golden investment rule that you should always keep in mind: Never invest money that you can't afford to lose. This rule will help you to overcome the fear of losing opportunity and enhance your confidence in trading.
Yes, the fear is greater than actually losing, in my opinion.
Feb 23 2021 at 12:13
I think most traders lose their money in this risky market because of their low knowledge and experience.
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.
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.
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 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.
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.
Mar 17 2021 at 10:16
Yes, mostly it is the fear that interrupts the success of a trader who starts making good profit.
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
