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.
This happens with many newbies. After learning, they are eager to apply things in real trading. So, if they see a chance to enter a trade, emotions trigger and they fear that the opportunity may be lost if they wait any longer. Some traders actually earn profits in this situation but most of them lose because the decision made is emotion based and not well calculated.
Oh yes, that is one of the most dangerous feelings which can be experienced by a trader. The saddest thing is that it always leads to the losses. That is why a trade should make a trading plan and try to keep everything under control.
Fear of missing out or losing an important opportunity is a common issue that affects almost every trader. FOMO stems from overly high expectations. It is a feeling that is most likely triggered when you see a more successful trader or when there's big news or during the period when the market is extremely volatile. All these can heighten the feeling of being left out but if you accept that there will always be another big opportunity, you can overcome this feeling to a great extent.
FOMO or fear of missing out is the most disease among traders that lack discipline, usually when traders do this, the end result will get disappointed, but the question is why the fear of missing out is dangerous but they still did it, it is like as waiting for bus and jump when the bus was running.
It is not possible for a trader to catch each and every trading opportunity. One needs to be patient and wait. Lack of alertness and discipline are the main reasons for losing any opportunity. Moveover, a person should have contentment and should not possess any greed for earning more. The trader should remain calm even if he misses any opportunity.
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.
I basically, verify my entry points by 4-5 ways! And I miss any good entry point, I don’t regret actually because Forex market is so much volatile! On the other hand, I do short term trading! So in a day I open more than 15 trades, so missing any specific opportunity is very usual to me!
If we already have good habits to avoid the fear of missing out hence will be able to control own selves to make good quality trading entries, we can use pending order to place in specific order price based analysis to getting best price
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.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
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