Dec 14 2021 at 05:53
Traders should understand that they can’t take every opportunity that comes their way. Market is very uncertain. Even when you are winning continuously, there’s still a chance of losing all your profits in the very next moment if you keep trading recklessly. It is good to open a position only when you see most things are in your favor.
Dec 14 2021 at 12:14
The thing new traders need to understand is that trading is a game of probabilities and caution. Unless the opportunity is high probablility you are always better off keeping your powder dry. There is always another high probability set up around the corner.
If you can't spot the liquidity then you are the liquidity.
Dec 14 2021 at 17:54
For this you just need to work regularly, so as not to lose the level of qualifications.
Dec 14 2021 at 17:55
This is clearly not fear. To do this, you just need to work on yourself.
Dec 14 2021 at 23:06
I think FOMO is the worst habit of so many forex traders because tempted by price movement and then chase price although already missing good entry.
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Dec 15 2021 at 10:03
FOMO is one of the worst feeling that you will ever get if you are being considering what you have to research, so ideally you should research before you decide to invest in something.
Dec 15 2021 at 12:25
Fear of losing opportunity or fear of losing trades is all natural. What's required is to make yourself prepare for the worst using proper emotional management. Then only you can see better trades.
Dec 15 2021 at 12:38
If you are afraid of losing an opportunity, then you have already lost it.
Just keep it in mind and remember every time you think that you can still make money in a lost opportunity. The market benefits those who have a plan.
Just keep it in mind and remember every time you think that you can still make money in a lost opportunity. The market benefits those who have a plan.
@Marcellus8610
Dec 15 2021 at 14:04
Never make a trade for the sake of trading if the opportunity isn't there and you're restless of not having any action. You will lose more often than you think. Take your time and have patience. The opportunities will come. Forex is not going anywhere.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Dec 15 2021 at 14:05
FXOday posted:
I think FOMO is the worst habit of so many forex traders because tempted by price movement and then chase price although already missing good entry.
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Great analogy. If miss the first bus, don't run for it. You may get hurt. Just wait for the next one.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Dec 15 2021 at 20:10
Fear of losing an opportunity is always harmful for trading and all of the emotions are harmful for trading results, actually, be it fear or greed. That is why traders pay much attention to their psychology and state of well-being. They realize that everything which is inside of their heads can have some impact on their profits. I know the traders who simly stop trading when they are in a certain mood and they cannot get rid of it. They understand that it is better to skip a day rather than losing the money on the market. That is why if you have such a feeling, then you should either get rid of it, or stop trading this day. Listen to your common sense rather than your heart.
Jan 04 at 04:42
With caution and research, Forex trading can be a lucrative pursuit. Traders must be aware of the many risks associated with trading currencies, including the potential to lose large sums of money.
Jan 04 at 08:06
traderjakelong posted:
With caution and research, Forex trading can be a lucrative pursuit. Traders must be aware of the many risks associated with trading currencies, including the potential to lose large sums of money.
To do so, you need proper knowledge and skills.
Jan 04 at 10:24
loss is a very common thing that we the traders cant avoid but after losses we traders trade again and again , and at the end of the day we loss our equity.
Jan 04 at 17:52
It is worth remembering that sometimes it is possible, and vice versa - not to make a profit, for the reason that the trader is simply afraid to make a decision.
Jan 06 at 18:27
skihav posted:
It is worth remembering that sometimes it is possible, and vice versa - not to make a profit, for the reason that the trader is simply afraid to make a decision.
Yes. every trader should make the right decisions at the right time to make profit.
Jan 10 at 15:42
I kind of had the opposite problem as a beginner because I was anxious to enter trades in case I would lose, but can definitely see how this is a problem.
Jan 10 at 17:55
I would advise you to just work on yourself. This is probably the best option so as not to be afraid of it.
Jan 11 at 13:46
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.
FOMO/Fear of losing is up there with the worst mind sets when trading.
Jan 11 at 14:40
It is better not to be afraid, but to understand how to avoid it. This is probably a more correct approach to the situation.
