The fear of losing opportunity

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.

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.

Finding right time to enter and exit are important. Practice can help to overcome this weakness.

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.

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.

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.

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.

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.

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:
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.

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.

AliaDare posted:
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.

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.

Yes, mostly it is the fear that interrupts the success of a trader who starts making good profit.

That is why I like using FX robots. They do not have any fear they just trade same strategy over again

fear is quite normal and be it forex or general life we all fear not to miss the right opportunity

perryjohn765 posted:
fear is quite normal and be it forex or general life we all fear not to miss the right opportunity

Yes. We should remove the fear from our heart. Otherwise we should face losses, and can not grab the opportunity.