The fear of losing opportunity

Take some time to realize the movement of the market and then enter and exit at the right time.

it can be unpredictable but surely it is sometimes predictable. Some people must make money

Fear of missing out is a common problem emotions many trader, they tempted by price movement and want to catch the price when knife flying, this is not good idea and often proven will fail eventually, but how to overcome these mistake trader need to keep discipline trading, rules and apply risk management

It is entirely common to have this fear. Emotions should be kept under control while trading, that is for sure. So, try to keep your emotion of fear also under control and do not let it take it over. Educate yourself enough about risk management strategies and try to implement them in your trades to minimize losses.

Most traders don’t make losses because they don’t execute trades. But they lose money because they open too many trading positions. They need to know that doing anything beyond their trading plan can be harmful for their careers.

Pendular posted:
Most traders don’t make losses because they don’t execute trades. But they lose money because they open too many trading positions. They need to know that doing anything beyond their trading plan can be harmful for their careers.

Good point well made

To reach one's full potential in life, one must learn to face and conquer one's fears. The ability to keep your emotions in check is the most valuable asset you can have as you embark on your trading career. Controlling your emotions is the key to success in any endeavour. A lack of this ability will hinder your ability to make sound business decisions.

While the risk factors continue to strain the mindset of traders frequently, the fear of losing out on opportunities rests. It has become a common rising fear in newbies, too. Restlessness leads to impulsive decision making skills and increase in obtaining loss. To pick the right opportunity, traders must be alert and stay updated with the news and events in the marketplace. They should know when to enter a trade or exit.

For most new traders, it is a difficult task to filter out trades. They fail at understanding all the market fluctuations and expect to make money from each one of them. And when they don’t open a trading position, they get a feeling that they have missed an important trade.

Being fearful is okay in forex trading. But fearing useless things can pose a great risk. You have heard right that you have a chance of making money when the market moves. But not every market move is worth taking the risk with. You better learn to filter out trading opportunities.

I think it is important to remember that the forex market will always be there and so will be the opportunities. Just stick to your strategy and trading plan. Deviating from your actual strategy just because a trade looks good, don’t guarantee profits. So be patient and take up trades that align with your plan.

This happens a lot with beginners who are too curious to make money that they don’t even research about a trade. All they want to do is execute trades, regardless of whether they understand them or not. This is where a big risk lies and not many traders are able to make money as they expected.

That’s real! This happens mostly with the newbies who are too curious to make money think that if they don’t open a trading position now, they will lose an important opportunity.

Bransle posted:
That’s real! This happens mostly with the newbies who are too curious to make money think that if they don’t open a trading position now, they will lose an important opportunity.

FOMO is one of the biggest aspects to overcome. There are so many opportunities its hard sometimes not to enter late too due to FOMO

CraigMcG2020 posted:

Bransle posted:
That’s real! This happens mostly with the newbies who are too curious to make money think that if they don’t open a trading position now, they will lose an important opportunity.

FOMO is one of the biggest aspects to overcome. There are so many opportunities its hard sometimes not to enter late too due to FOMO

Yes exactly!
And this is what we need to learn and implement properly.

It has not only the newbies but the traders at all. Some people have it more pronounced, some less. But still everybody has it. But you can overcome it. Accept the fact that it is impossible to earn all the money. And the fact that you are well in profit is already very cool.

Fear of missing out is something that often happen to traders mainly for those who are weak in psychological trading, they know and realize that fear of missing out like as disease and often leads to failure but they cannot control emotion and keep repeating the same mistake over and over again, how to overcome this mistake as a trader needs to strong psychology.

The biggest asset you have to aid you in your trading journey is emotional control. You can accomplish anything if you have emotional control. And you won't be able to make wise selections if you can't.

Some people always miss high probability trades because they are afraid of losing money. For those people, I would like to say that loss is a part of forex trading, and if we manage our risk properly and do not take on too much risk on a trade, we can reduce our fear of losing money.