How can u overcome the fear of losing while trading?
Posts: 7
Member since: 04/10/2013
Posts: 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.
Posts: 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.
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Member since: 14/08/2013
Posts: 84
Member since: 12/10/2013
Originally posted by YazanAnmarThe 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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Posts: 120
Member since: 06/11/2013
Originally posted by YazanAnmarThe 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.
Posts: 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.
Posts: 1
Member since: 10/11/2013
untuk mengghindari rasa takut baiknya adalah sering medi tasi.
Posts: 120
Member since: 06/11/2013
Originally posted by YazanAnmarThe 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.
Posts: 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.
Posts: 120
Member since: 06/11/2013
Originally posted by GerskiI 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.