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How can u overcome the fear of losing while trading?

Oct 21, 2013 11:11 am
#1
YazanAnmar User

Messaggi: 7
Member since: 04/10/2013

The Forex market is like a predator that you might smell fear from, it can attack at any time and leave behind only the bones.

How can the trader who is afraid of doing the wrong thing at the wrong time overcome his fear?!?!

Please share your thoughts

http://www.fxstat.com/widget/link?t=wide&c=6&s=19977&o1=growth&o2=drawdown&o3=monthly&o4=equity

Oct 28, 2013 12:28 pm
Scoob User

Messaggi: 3
Member since: 28/10/2013

There's no better way than just forget that you're trading with the money. Just say good buy to it when you're putting it to the account. If do so, it is going to be easier to lose them and you're not going to be rushed to take the profit.

Oct 31, 2013 11:47 am
Hawk User

Messaggi: 9
Member since: 14/10/2013

I think that the only way to fight the fear of loosing is to be confidant in your trading system! If you know that it is well-developed and you follow it at all times, there would be no place for fear.

Nov 04, 2013 09:50 am

Messaggi: 72
Member since: 14/08/2013

You should'nt be afraid while trading because scared money does not make money!!!!

https://www.fxstat.com/widget/link?t=tiny&c=7&s=18995&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 04, 2013 01:44 pm
4nt5 Translator

Messaggi: 84
Member since: 12/10/2013

Originally posted by YazanAnmar

The Forex market is like a predator that you might smell fear from, it can attack at any time and leave behind only the bones.

How can the trader who is afraid of doing the wrong thing at the wrong time overcome his fear?!?!

Please share your thoughts

 





You shouldn't be afraid but if you dont have confidence in your trading because you're new like I' am to Forex, I think it is a good idea to try social or auto trading. 

It basically means you will copy the trades of experienced traders so you can learn from their trades, while it is no guarentee for profit it means you can learn at your own pace at a reduced risk. OR open a demo account where you trade with fake money, then you can gain more experience and have some fun because as Scoob suggested you aren't trading with real money and then you dont have to be afraid of losing money.

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Nov 06, 2013 02:35 pm
leebelisar User

Messaggi: 120
Member since: 06/11/2013

Originally posted by YazanAnmar

The Forex market is like a predator that you might smell fear from, it can attack at any time and leave behind only the bones.

How can the trader who is afraid of doing the wrong thing at the wrong time overcome his fear?!?!

Please share your thoughts

 



When I signed up for a trading account, I know that I have to put some risks at certain level. I actually did some research about my broker and asked professionals and other traders about Forex trading and the Forex market. I am not afraid of doing a wrong thing at a wrong time because I am confident with the trading system that I have. I know that it is reliable and well-developed based from the research that I did.

Nov 10, 2013 11:09 am

Messaggi: 47
Member since: 13/09/2013

Fear is one of the two major emotion you have to check.Traders who are scared are mainly scared of losing therefore closing their trades very soon but  will lose in the way of lost opportunity for profits.Start small, then work up to an acceptable risk level that you are comfortable with and still make some decent money,In that way your controlling your fear factor.

Nov 10, 2013 03:54 pm
ekaidc86 User

Messaggi: 1
Member since: 10/11/2013

untuk mengghindari rasa takut baiknya adalah sering medi tasi.

Nov 15, 2013 03:17 pm
leebelisar User

Messaggi: 120
Member since: 06/11/2013

Originally posted by YazanAnmar

The Forex market is like a predator that you might smell fear from, it can attack at any time and leave behind only the bones.

How can the trader who is afraid of doing the wrong thing at the wrong time overcome his fear?!?!

Please share your thoughts

 



You need sufficient knowledge about Forex trading and the Forex market. This would be your armor against the predator. Knowledge is power. Alongside with it is the skill.

Nov 18, 2013 03:43 am
Gerski User

Messaggi: 42
Member since: 06/11/2013

I would just say "No Guts,NoGlory".How will we ever learn the actual trading when we are afraid of lossing.So in any business theres a risk and if we are afraid/fear to take a risk we will never succeed. 

Nov 18, 2013 03:22 pm
leebelisar User

Messaggi: 120
Member since: 06/11/2013

Originally posted by Gerski

I would just say "No Guts,NoGlory".How will we ever learn the actual trading when we are afraid of lossing.So in any business theres a risk and if we are afraid/fear to take a risk we will never succeed. 

 



Lossing is part of the actual trading esp for fresh starter like me. Risk is also normal. What we need is enough education, skills and training as well as faith to the system and the broker itself to triumph.