besides making profit there is only losses and fear. so we the traders have to make sure how to faces losses and control emotions. actually emotions is the foremost enemy in our life only not Forex trading all about life attitudes.
Of course, every beginner has a certain fear, because there is a probability of loss.
Every beginner has fear, but too much of fear is not good for trading according to me.
Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
Yeah, that's what usually happens. But the fact is that usually the fear of losing money sometimes leads the trader to some impulsive, sometimes illogical actions, which harm the trader himself. Therefore, it is very important to learn how to 'turn off' your fear and other emotions. It is very hard, but until you learn how to shut off emotions and the actions that come after - your trading will not be as successful as you would like. So make conclusions and move on to a more conscious unemotional trading.
Jun 03 2020 at 16:42
emotions only things that can make you loser in real life even trading life. generally we traders choose with our broker emotionally . and trade emotionally most of the time.
Brick_56 posted:
Every beginner has fear, but too much of fear is not good for trading according to me.
True. Most traders fear losses .But how can one learn without falling. Such feelings must be kept aside if one wants to be profitable.
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
Jun 05 2020 at 06:26
Mohammadi posted:
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
That's right. Leverage if not handled properly can cause great losses. A crucial thing to decide on while trading.
As soon as you learn to fight this fear, then trading with you will be much better to go.
Jun 06 2020 at 14:40
To fight this fear you actually need to lose couple times. It's the same like fighting fear of height - you go to the bridge and hang out there until you feel ok :)
Jun 08 2020 at 07:48
UlianaCheck posted:
To fight this fear you actually need to lose couple times. It's the same like fighting fear of height - you go to the bridge and hang out there until you feel ok :)
That's right! Can't get rid of a fear until you face it
I still have the fear and I have lost many times!!!
When you trade there is always a chance of losing your money
Johannes33865 posted:
When you trade there is always a chance of losing your money
That is why risk management is important.
That is why there is such a notion as 'trader's psychology' and in order to become an effective market participant you need to study this topic and understand all the nuances of how you need to prepare for trading, how to keep your emotions under control and how to rest properly after a trading session.
Mostly traders especially the newcomers consider high leverage as much risk. But according to me I don’t consider it. If there is any risk, it is completely with non-sense planning and zero risk management plans, nothing to do with high leverage at all.
It seems to me that fear passes with time or more precisely with experience, because you get used to the fact that something may go wrong with you and accordingly you need to distribute capital, etc.
And you don't have to get hysterical, you just have to understand that this is a stage when you get used to the new conditions, it's normal.
And you don't have to get hysterical, you just have to understand that this is a stage when you get used to the new conditions, it's normal.
Forex trading deals in a high volume of transactions hence the fear of losses is bound to exist.The fear of losing when making a trade has several consequences. It tends to make a timer hesitant to execute his or her timing strategy, this can often lead to an inability to pull the trigger on new entries as well as on new exits.
Jun 29 2020 at 08:43
Roberto21 posted:
besides making profit there is only losses and fear. so we the traders have to make sure how to faces losses and control emotions. actually emotions is the foremost enemy in our life only not Forex trading all about life attitudes.
You can avoid fear and emotions issue simply by using expert advisors to trade for you.
