Originally posted by dianayes

I agree that lossing is a part of trading.If you want to be successful you need to become brave and fight for it.If your afraid you'll give up so if I were you,be strong and strive more you should learn from your mistake.

Most traders lose at some point of their trading career. Even those experienced and expert traders had suffered losing too. Losing is inevitable. The question now is how would you minimize the risk of lose.

Originally posted by rrayne20009

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.

Just to add up, I think it would be better to keep an eye on how the market moves, how it changes every second and every minute, and the ups and downs. This way we can make a good analysis of how the market behave.

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). 

 

" />

 

Good point. Very well said. I'll take this piece of advice when I go live. Thanks.

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.

 

Risk is part of any form of investment. And Forex is not exempted. The only way to minimize this risk is to have sufficient knowledge about the Forex market and Forex trading.

Originally posted by reemsaeed

 

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   

 

You are absolutely right. But why is that you have to discover how to lose properly? It is a bit confusing?

Originally posted by athamina

you can't

I do not get your point here. What do you mean by "you can't?"

Originally posted by Purplemoney

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.

 

Hi Purplemoney. Just a question. Can we really reduce the leverage in our own? Per my understanding, leverage is set by the broker itself. Its already pre-determined based on what type of trading account you have. Like for example my account. I have a classic account with GDMFX and it falls to 1:500 leverage. Please tell me further. I exactly do not know more about it as I do not trade live yet. Thanks.

Originally posted by Omar24

 

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 have all these positive things if you have sufficient knowledge about Forex market and Forex trading. Otherwise, you will have a low morale in placing your trade.

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>>>

 

Right even expert traders lose thats why it is said that even professional traders continously educate themselves.

What is important is to have a good risk management,implement it on our trade and try to relax by building a self confidence.On this way our fear will be set aside.

Originally posted by leebelisar

 

Originally posted by athamina

 

you can't

 

 

I do not get your point here. What do you mean by "you can't?"

 

Maybe it means that "you cant overcome the fear of losing while trading".