i think we can use our fear to avoid from big loss because we dont set big size in our trading
account and even that we get loss we dont loss much money so it will efective use our fear to avoid from loss.
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i think we can use our fear to avoid from big loss because we dont set big size in our trading
account and even that we get loss we dont loss much money so it will efective use our fear to avoid from loss.
Its about psychology aspect..! before joining inthe Forex trading business, you need to learn about the Forex trading from an expert trader. experienced person can give important tips for this businessQuote:
Originally Posted by khafan
i do not think that fear can be used to avoid loss in a trade instead it will reduce a traders chance of making reasonable profits, fear will make a trader to avoid certain trades to avoid losing, in some cases the might end up even losing as a result of that fear too...best of luck.
fear can be used for avoid the loss but fear also can used for avoid the profit. because fear can make our mind not good enough to deciede take a position. and of course, all plan that we built before, will be broken, because we always afraid if it become loss
In several times I observed that fer can be proved as positive and give the profit in the trading. In Forex trading the tension and fear of lose is always present. This business is full of tension and risk. To avoid the fear the mistakes becomes less.
I was also had this time of fears after lost 2 times within a one month. Actually the main reason for me for lose was, i had opened a higher leverage level trade and that was gone down as i didn't expected. So that, it has reached my margin level and i lost everything. That same thing happen to me twice. Since then i got afraid to open higher leverage level trades. After that i have made some small profits and i could be able to prevent from losing. I am satisfied with that...good luck.
i think it is no because i think fear is not useful in every thing except fear to your god so i think much of fear in trade would not change anymore so better we trade normally with lagging indicator but dont too rely more
fear can not be used to overcome the loss, because the higher the fear, the faster experienced loss, because when experiencing floting, a timid trader will not allow an open position and a closed position in a state tends to minus.
Being fearful a forex trader has got to suffer from loss as a result of once a trader becomes fearful he cannot place a trade for thinking of loosing cash.For that he has got to loose several trades that he will simply trade and create profit.But he solely thinks of loosing cash and avoids trading,finally cannot trade for an extended time.A forex trader has got to take some risk and conjointly cut back the chance level by his potency.
I think most of the traders do not have confidence. In fact it is normal. Because it deals with real money that we are trading. Always practiced, disciplined with our strategy, might be able to reduce the fear is excessive. Thanks