Fear is the greatest reason

Fear is one of the major reasons why traders face failures. Especially when it comes to money, we’re all afraid but this is where we have to restrict ourselves in order to trade efficiently and earn profits. Fear is so strong that it can ruin the strongest of the traders so in order to trade successfully you must have control

Do not allow your judgement regarding decisions to be based on emotions if you want to succeed. Very few traders realise this early in the game, but if you do know how to manage your emotions and your money while maintaining low risk levels, there is no doubt you will achieve more than you counted on.

Fear causes traders not to make an entry. So, traders should think how they will make profit unless they open an entry. It is one of the human qualities and that’s why we again and again say that building human qualities is badly essential for a trader because it helps traders to succeed.

It is fear that leads to failure most of the time. People are driven by fear most of the time. Trading can be very risky if you fear losing money. It is also essential to lower your risk and come up with proper money management and risk management strategy. Psychology is different for everybody, so find the approach that is right for you.

Fear of trading is a common tendency among traders we see. Even though experienced traders feel fear of trading that keeps them out of profit for days. So, a trader must brave about his trading. He must keep practicing in demo account provided by his broker to remove this fear from him.

lacking confidence will lead to losses in forex trading. It also means that your decision-making abilities are less. Lose the fear of being wrong.

It depends on the traders how well they can control their fear. It’s absolutely up to them whether they let the fear keep them from trading and taking risks or help them make wise trading decisions.

You simply cannot expect to succeed if you fear failing. Everyone who has been successful has faced multiple failures along the way in trading and in life.

I can attest to the fact that fear may have a significant impact on trading decisions. Because I was either too scared to enter or withdrew out too soon, I missed out on a lot of opportunities early on.

Yes I agree, fear is one of the major reasons for losing in forex trading. The best way to overcome fear is to not get way too emotional because trading is not possible without taking any risk.