Are you afraid to lose your trade?

This permanent fear will never lead you to something great. I believe that people shouldn't be afraid of mistakes in their daily life as well as traders shoouldn't be afraid of losing a trade. It's just an experience, of course it'sn an unpleasant experience, however it teaches us a lot. One mistake can prevent thousand of other mistakes, that's why it's very important not to give up after mistakes or losses. It's just the main rule in trading, never give up after couple of losses. If you lose all the money, then you have to earn a bit more and start all over again. This is how our life works actually.

The fear comes when you don't know what are you doing in market is right or wrong. You might be following some strategy which is not so profitable.
So how you will remove fear?
Money management and discipline are the keys to trade forex without fear of losing everything. Place your stop loss and keep it there no matter what. At the same time, you will need to develop a trading strategy that suits your personality which will help you to avoid costly mistakes.

forextrader777 posted:
The fear comes when you don't know what are you doing in market is right or wrong. You might be following some strategy which is not so profitable.
So how you will remove fear?
Money management and discipline are the keys to trade forex without fear of losing everything. Place your stop loss and keep it there no matter what. At the same time, you will need to develop a trading strategy that suits your personality which will help you to avoid costly mistakes.

Proper management is very important to survive in this market.

Yes, fear is the most common emotion shared among trades. It can be psychological and a result of doubt on your trading skills.

We should never neglect emotions in trading. If you fear, then take a break from trading and introspect. Take small risks and build confidence by winning small profits.

I struggled with this in the beginning, money was tight and I felt that I was wasting it if I lost any. I wanted to be able to tell my husband that I was successful, not that I was losing the investment that we struggled to come up with. Over time, I suppose I got more confident and things started to go well for me. I think that time and success helped me to build confidence, but I still struggle with trading anxiety at times.

every trader has such a fear, because your money depends on it, and this is quite normal, I think

Oh yeah even with proper risk management i still feel the niggle oh no losing trade 😅
Its human natural to feel it

By choosing the proper Lot size and have confidence in your strategy it is possible to be ambivalent to losing trades. It is part of trading

I don’t want to lose my trades and I’m sure no other trader wants that either, but if you ask me, “ Am I afraid to lose?” No. If we are going to fear the most obvious thing in trading, we can never grow. A losing trade should be taken as a lesson but fearing it would be like giving it a lot of importance. It’s not possible to move forward while holding onto the fear.

Yeah, until you're not on demo :D

davegordon posted:
I don’t want to lose my trades and I’m sure no other trader wants that either, but if you ask me, “ Am I afraid to lose?” No. If we are going to fear the most obvious thing in trading, we can never grow. A losing trade should be taken as a lesson but fearing it would be like giving it a lot of importance. It’s not possible to move forward while holding onto the fear.

Agree, we all have a fear of losing the money so it is very wise to make a proper management in risk and money

Yes, I really would not want to lose this option of earning. For me, trading is a very profitable option to work with.

Most people are afraid to lose money. That's why they take impulsive decision out of emotions. If we don't have enough idea why we are opening or closing a trade, this fear will persist.

UweMoench posted:
Most people are afraid to lose money. That's why they take impulsive decision out of emotions. If we don't have enough idea why we are opening or closing a trade, this fear will persist.

Fear of loosing is a common thing in this market.

Try trading with small capital. Make sure you have a good strategy.

Just trade with awareness and know where to stop.

The fear of losing trade is normal, and it should be dealt with precaution. Traders should risk only the capital that they are willing to lose and use stop loss and take profit order to minimise losses.

The best traders in the world all take losses, even now. Just take losses that won't kill your account and leave you fighting for another day. Don't get emotional about your losses, but don't get emotional about your wins either. If you do get emotional either way, your risking too much of your capital.

Honestly, no. When I had doubts about my competence, I worked on a demo account with a broker