Fear

[Aubrey Aubrey]

The fear of losing money is the biggest fear in forex trading. At least for me. Also trader’s emotions are attached with their trading business. But emotion makes people weak. Emotional trader cannot take decision properly, never and ever. As a new trader we do not acquire the trading confidence yet. It is also a big reason of fear. But naturally as a human being fear is undoubted habit of a person.

 

[Mike James]

The most dangerous emotion in trading is the fear of losing money to. Most traders hold this type of feelings while trading. But You have to be emotionless while trading. No emotional attachment is allowed in trading. Accept your loss and try to find a solution. Don't make same mistake again. Keep a trading journal. Cheers!

 

[bigdolly]

The most dangerous emotion in trading is the fear of losing money to. Most traders hold this type of feelings while trading. But You have to be emotionless while trading. No emotional attachment is allowed in trading. Accept your loss and try to find a solution. Don't make same mistake again. Keep a trading journal. Cheers!

Yes fear of losing money drives number of losing accounts higher, despite how paradoxical that sounds. But trading without fear can also have grave consequences, so we should find balance between both two extremes.

 

[nahiyar]

It is possible we loose again and again due to fear because most traders close positions every time in loss in a fear they will loose more if positions are remained open for more time. There should be some courage to trade along with it trader should take small lots so that he can move ups and downs in trading without fear.

 

[Addam]

As we all know, traders have two enemies - fear and selfishness, which have to be dealt with every day.

 

[Naxramos]

Well, just like many other traders. The fear of the deal falling through or of mistakes in general has done enough =)

 

[dianajs]

Well, just like many other traders. The fear of the deal falling through or of mistakes in general has done enough =)

How do you deal with that fear? Have you managed to overcome it over the years?

 

[hitfx]

Fear can be controlled although its not easy to handle it but as long we are following trading strategies we can trade safe. We should avoid revenge trading or may get rid of it if followed by plan.

 

[dianajs]

Fear can be controlled although its not easy to handle it but as long we are following trading strategies we can trade safe. We should avoid revenge trading or may get rid of it if followed by plan.

I agree. Revenge trading is, more often than not, a poor idea. It's provoked purely by emotion than by good sense and it's often done despite rather than because of the situation on the market.

 

[bigdolly]

I agree. Revenge trading is, more often than not, a poor idea. It's provoked purely by emotion than by good sense and it's often done despite rather than because of the situation on the market.

Revenge trading is not a trading it is gambling. Decision making is corrupted you are mathematically proved to lose in the long run in this case.