Originally posted by Noobtrader

 

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

 

 

Going back to the inital question, i think the best way is to conduct an analysis BEFORE you trade... by doing an analysis you are building up a justification with yourself on how you should trade, and should it go awry past a point outside of your predicit there is stop-loss option to keep major loss at bay.... So how do you overcome your fear of loss?

My answer is like buying food, before you put it in your mouth (commit to a trade) find out if you're allergic to nuts first (analyse available data). 

 

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I also agree with you in analyzing first the market before you place your trade because timing is very important in forex.

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

 

Forex as we all know is risky.Thats why before investing our money we should accept the fact that there is a possibility to lose our money or yet we should be confident enough on our trading knowing fear might just bring lost to our trading.

Originally posted by graceb

 

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

 

 

 

Forex as we all know is risky.Thats why before investing our money we should accept the fact that there is a possibility to lose our money or yet we should be confident enough on our trading knowing fear might just bring lost to our trading.

 

It is true,, accept the fact that losses are normal in Forex, even expert traders lose!!

Just manage your risk and try to come up with a plan or a strategy to follow while trading and leave your fear aside>>>

Originally posted by Aseel88

  Originally posted by graceb     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       Forex as we all know is risky.Thats why before investing our money we should accept the fact that there is a possibility to lose our money or yet we should be confident enough on our trading knowing fear might just bring lost to our trading.         It is true,, accept the fact that losses are normal in Forex, even expert traders lose!! Just manage your risk and try to come up with a plan or a strategy to follow while trading and leave your fear aside>>>   Losing is a component of winning as a trader; the two go hand in hand. If you don’t discover how to lose properly you may never create consistent income as a trader  

Losing is a component of winning as a trader; the two go hand in hand. If you don’t discover how to lose properly you may never create consistent income as a trader   

Originally posted by Aseel88

  Originally posted by graceb    

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

Forex as we all know is risky.Thats why before investing our money we should accept the fact that there is a possibility to lose our money or yet we should be confident enough on our trading knowing fear might just bring lost to our trading.

It is true,, accept the fact that losses are normal in Forex, even expert traders lose!! Just manage your risk and try to come up with a plan or a strategy to follow while trading and leave your fear aside>>>

 

 Another thing you need to keep in mind while trading that you are braver than you believe, stronger than you seem and smarter than you think!!! Have confidence in your abilities and you will do just fine...

you can't

Originally posted by 4nt5

 

Originally posted by leebelisar

 

 

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.

 

 

Risk is definitely normal, i think the main issue is how to manage and limit the risk you are taking (i.e. gettin in car has the risk of a car crash, putting on a seat belt and driving at a speed limit manages this risk to an acceptable level). I agree with Gerski "No Guts No Glory" but learn how to manage risk before going all rambo.

By the way I agree with the education, skills and training but you shouldn't rely on others to provide these, your only friend who will never betray you in forex is the research you do for yourself..

 

 

 

Yes risk is just definitely normal since we all know that forex entails risk,but its up to us on how to manage or limit our risk in trading.We cant just have guts we also need disciplineto limit our risk in trading.

Originally posted by MargaretLekker

I agree with you, learning and knowledge is important to secure some issues that are not understood. But the practice is essential to better understand and each subject. Learn for yourself is the key to achieving what you want in life.

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I agree this is same as learning and acquiring knowledge then put it or apply it in actual practice in order to find and experience the real world of forex trading.

Another way of overcoming your fear of losing is to reduce your leverage, you will then be unable to lose as much... but a trade off will be you wont be able to open a larger position.

 

Originally posted by rrayne20009

We should just take a loss and view it as a lesson.Analyze and study a way not to do same mistake again.Be persistent.

Well said. Take a moment ro realize why did you lose. Make a plan and then apply what you had plan when you trade again.