Mar 16 at 14:28
Stick with your plan, and enter on your confluences that you have built up whilst practicing and you will be successful in the real world with trading. If you aren't confident yet, trade demo.
Michihito posted:
Fear is the greatest reason for failure. Fear is a significantly compelling human feeling. Fear of losing cash in trading is extremely perilous. That is the reason controlling feelings is the way to achievement in trading. Furthermore, to control feelings you have to restrained. You likewise need to diminish your hazard and have an appropriate money management and risk management arrangement. Each individual's psychology is diverse so you need to out your own particular strategy that suits you the most.
It is absolutely true!
sharifsajir03@
Trading is not possible without risk, and when you risk something, you fear to lose it. But at the same time with fear you can not trade so try to avoid emotion while trading. Just remember profit and loss is a part of trading only.
I agree with you. Fear can be quite harmful in a trader’s journey in forex.
Mar 26 at 11:46
Michihito posted:
Fear is the greatest reason for failure. Fear is a significantly compelling human feeling. Fear of losing cash in trading is extremely perilous. That is the reason controlling feelings is the way to achievement in trading. Furthermore, to control feelings you have to restrained. You likewise need to diminish your hazard and have an appropriate money management and risk management arrangement. Each individual's psychology is diverse so you need to out your own particular strategy that suits you the most.
have to keep calm
Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long.
Apr 05 at 10:52
Fear is pretty common and there is something that can be done to eliminate it entirely. Winning a few small trades might help boost the confidence of traders.
Apr 05 at 13:52
Invest small to control your emotion. Or invest what you can afford to lose.
PeteLanceley posted:
Stick with your plan, and enter on your confluences that you have built up whilst practicing and you will be successful in the real world with trading. If you aren't confident yet, trade demo.
Great post, my mindset was like this when I was a beginner trader. If the trading results were not good then I would go back to demo trading and strengthen those weak points.
Michihito posted:
Fear is the greatest reason for failure. Fear is a significantly compelling human feeling. Fear of losing cash in trading is extremely perilous. That is the reason controlling feelings is the way to achievement in trading. Furthermore, to control feelings you have to restrained. You likewise need to diminish your hazard and have an appropriate money management and risk management arrangement. Each individual's psychology is diverse so you need to out your own particular strategy that suits you the most.
I think not only fear that endangers account, but also greediness in trading, high expectation with the higher risk taker, but fear if placed on right time can protect the account, it's mean if position already moves away from early prediction then fear losing more and decided to cut loss rather than hold position in uncertainty condition. but if fear without the right reason indeed will mess up the overall trading plan, and it's not good for trading performance.
