The fear of losing is never justified. The best way to deal with it is to trust your trading plan. Don't start trading if you don't trust yourself. The second important aspect is to accept your losses as part of the trading. There is no business without losses, because there are always different financial expenses. And third, start thinking about losses after they happen and do a detailed analysis. This will be your way of dealing with fear.
I feel that everyone is afraid of losing their own money in forex. Fear is quite a natural reaction to the losses, so this makes the traders improve their trading strategies in order to win more and lose less. I feel that only demo traders remain indifferent to the outcomes of their deals. This makes demo account and real account different from each other.
Losing trades is a part of Forex trading. No one can be right all the time. The important thing is to have a plan for every trade, know your risk and exit points, and stick to your plan. If you are afraid to lose your trades, you will not be successful in Forex trading. You need to have a positive attitude and be willing to take risks if you want to be successful.
No one likes to lose and it’s natural for everyone to be afraid to lose money. Since losing is almost inevitable, it is better for traders to learn to take it positively. However, I understand that if you are losing a big amount of money then it’s not possible to stay positive. Personally, I don’t chase big profits so I also don’t take bigger risks. When I fail, I try to understand the reason and think of a way to avoid it in future.
there was a time when all i could see was losing trades. but that was before understanding risk management and self control. i used to move the sl as i would think a trade would turn and it would just go deeper. now if it hits sl its just 1% so no worries no problem it happens from time to time with every trader
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.