Many traders face the fear of losing opportunity when they are trading the Forex market. Some traders are able to overcome this fear and continue trading, while some traders are not able to overcome the fear of losing the opportunity, and they stop trading.
CraigMcG2020
Uczestnik z Jul 20, 2020
309 postów
Jan 18 at 08:13
Happens to us all unfortunately, FOMO is one of the things you need to master as a trader. If an opportunity is gone best to sit and wait. This takes discipline which will come in time :)
Tradelist45
Uczestnik z Jun 26, 2020
226 postów
Jan 18 at 09:32
losing trade is an very common issue but we got upset when making losses and trade over and over. at the end of the day lost huge equity.
AndrewMcCalam54
Uczestnik z Jun 12, 2021
105 postów
Jan 18 at 10:13
when you are a mature trader then you will take this easily and trade will again with good analysis. i hope you got the point.
skihav
Uczestnik z Sep 05, 2021
801 postów
Jan 18 at 13:56
To avoid this, you must always develop your knowledge. This is important to do in order to be able to get a more positive result.
Fx_challenger
Uczestnik z Aug 04, 2014
62 postów
Jan 19 at 03:22
Fear of losing your opportunity pushes you into a deep well
This happens with many newbies. After learning, they are eager to apply things in real trading. So, if they see a chance to enter a trade, emotions trigger and they fear that the opportunity may be lost if they wait any longer. Some traders actually earn profits in this situation but most of them lose because the decision made is emotion based and not well calculated.
croisssan
Uczestnik z Jul 22, 2021
939 postów
Jan 21 at 13:27
I usually only worry about my trades. I'm afraid to make the wrong decisions.
Oh yes, that is one of the most dangerous feelings which can be experienced by a trader. The saddest thing is that it always leads to the losses. That is why a trade should make a trading plan and try to keep everything under control.
Peirameter
Uczestnik z Dec 14, 2021
28 postów
Feb 08 at 08:12
Fear of missing out or losing an important opportunity is a common issue that affects almost every trader. FOMO stems from overly high expectations. It is a feeling that is most likely triggered when you see a more successful trader or when there's big news or during the period when the market is extremely volatile. All these can heighten the feeling of being left out but if you accept that there will always be another big opportunity, you can overcome this feeling to a great extent.
It can happen in forex trading but it is never too late, it's better to observe the market regularly so that you can clearly identify when to place trade and not.
Yes it can happen with anyone who trades forex, stock or any other asset. Managing trades can one of the best way to keep note on things and what next to be done to achieve your daily trading goal.
skihav
Uczestnik z Sep 05, 2021
801 postów
Feb 08 at 14:38
It is necessary not to be afraid of this, but to do something so that this does not happen.
Suradi
(FXOday)
Uczestnik z Apr 03, 2021
288 postów
Feb 08 at 23:08
FOMO or fear of missing out is the most disease among traders that lack discipline, usually when traders do this, the end result will get disappointed, but the question is why the fear of missing out is dangerous but they still did it, it is like as waiting for bus and jump when the bus was running.
It is not possible for a trader to catch each and every trading opportunity. One needs to be patient and wait. Lack of alertness and discipline are the main reasons for losing any opportunity.
Moveover, a person should have contentment and should not possess any greed for earning more. The trader should remain calm even if he misses any opportunity.
Moveover, a person should have contentment and should not possess any greed for earning more. The trader should remain calm even if he misses any opportunity.
croisssan
Uczestnik z Jul 22, 2021
939 postów
Feb 21 at 14:06
In order not to be afraid of this, you just need to work on yourself. Here the logic is clear - the more you work on yourself and your knowledge - the more experience.
AhmadAli89
Uczestnik z Jan 30, 2022
32 postów
Feb 24 at 15:54
UweMoench posted:
The fear of losing opportunity is very dangerous. All newbies have this fear. When markets moves a lot in a certain direction, they become restless by thinking they are losing an opportunity of making money. As a result they try to open trade even if their system shows no signal, and they open trade and lose the money.
I basically, verify my entry points by 4-5 ways! And I miss any good entry point, I don’t regret actually because Forex market is so much volatile! On the other hand, I do short term trading! So in a day I open more than 15 trades, so missing any specific opportunity is very usual to me!
Suradi
(FXOday)
Uczestnik z Apr 03, 2021
288 postów
Feb 24 at 23:29
If we already have good habits to avoid the fear of missing out hence will be able to control own selves to make good quality trading entries, we can use pending order to place in specific order price based analysis to getting best price