LukeRachel posted: Fear and greed are harmful emotions in trading. The place where many traders are interrupted. If the trader is experienced in this place and is able to control emotions, there will be no obstacle for him to succeed.
Exactly, first of all, you have to control your emotions and participate in trading. If you trade out of greed and fear, the investment can be zero every time. Therefore, you have to manage the risk, eliminate the fear, and trade positively.
It would be unjustified to say that we don’t fear risking our money, no matter what level of trading we are at. When real money is involved, real emotions take part and it’s not easy to overcome them completely.
It’s common to be afraid of losing. But it shouldn’t keep you from taking risks that could be profitable for you. You need to take calculated risks that don’t involve emotions and that can be done only when you have some market experience.
Awesome article actually. I believe that fear is the most important part in trading which have to be overpassed. You can easily overpass the stages which include gaining knowledge, skills and experience, finding a broker and so on so forth, but whta will be really difficult for a new trader is to overpass levels of fear. The very first level new traders face after they join trading activity. They're afraid of depositing money because they are tend to suppose that they will be cheated. The second stage of fear is to be scared of moving fom demo to real account. The first deal drives you crazy. However, you have to overpass all the stages.