Tezilkree posted: When we have a loss, fears begin for us, for which we cannot continue to trade.
Correct! Losses are a huge demotivator. But we have to understand that losses and profits are just a part of trader's life. We should take lessons from losses, understand why they occurred and take steps to not let them happen again.
Yes emotions are the real enemy of a trader. Emotions like fear and greed take control of many traders. That's why a trader needs to learn how to be emotionless while trading. They need to be discipline in trading.
Trading emotions is very harmful. Fear is a part of emotions. After trading, many traders are afraid that it creates a negative mindset. You have to learn from the loss in trading. And if you are afraid of this loss, you will never succeed in trading.
While you have to know yourself well and control your emotions in general, minimizing risk and testing your trading plan can help a lot too. It is important to have a system that you trust, so that even if there are losses and you feel fear, you can still enter trades knowing that the overall outcome will be positive.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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