The Fear of lossing Money is very so much.When i give any trade,this time i think my money was zero.Because,i had not used any stop loss.It is very important for forex trader.
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The Fear of lossing Money is very so much.When i give any trade,this time i think my money was zero.Because,i had not used any stop loss.It is very important for forex trader.
Everyone is panic of losing the money you would earn almost certainly his. Today's money is everyone's beggary, the implementation of the money is an entity with a bloodless exclusive. Their job it is important for all traders to celebrities and an equal footing with foreign companies and joystick. However, there is a risk of terrible to lose assets yourself in individual and corporate foreign exchange, if we do not take into account the probability, to help another, it is not would be to get the money. We can govern this value, I'm out to get rid of it.
The successful trader want to make money and they are also scared of losing their money inform of trading capital as well and i think one of the best way to save those money is to try to only trade with money one can afford to lose and not just any money
yes every trader is afraid of losing his earned money here because he earns money by working hard and after much struggles so he remains in fear of his loss and try to work better for keep on earning and save himself from loss
One of the ways you can work on yoyur fears is by trading with the amount that you can only afford to lose,in this way you would be able to reduce your fears and trade well.
is its truly always happen yes many of us hard to invest online now choose the right broker is main thing and if you spend time and gain trading experience you will lose there because many scam available online now .. but forex is a real platform so far ,
Today the bucks is the unique enterprise that is your beggary of everybody along with getting absolutely no cash enactment bloodless. Be the essential cerebrate for all those investors to joystick using their careers, firms along with the same with Forex.
In my experience there are 3 fears of trading all traders experience at one point in their careers:
Fear of Losing Money
Fear of Missing Out
Fear of Being Wrong
From my own trading I contend with the 'Missing Out' more than any other fear. Of course I still have fears of 'Losing Money' and 'Being Wrong' but I believe that with experience I will conquer all 3 of the fears and be the trader I want to become.
Mark Douglas has beautifully written in his book 'Trading in the Zone' that there are 5 Fundamental Truths in Trading:
Anything can happen.
You don’t need to know what is going to happen next in order to make money.
There is a random distribution between wins and losses for any given set of variables that define an edge.
An edge is nothing more than an indication of a higher probability of one thing happening over another.
Every moment in the market is unique.
If you are able to accept these 5 facts then you are on your way to becoming the trader you want to be - FEARLESS.
yes i like your post and also agree with your post. jo new traders hain woh forex trading main money loss karney say bohat darty hain or isi fear ki waja say woh aksar trading kay darmiyan confuse ho jaty jain or trading main loss kar dety hain jis ki waja se woh dubara invest karne se darty hain.
The only way you can afford to prevent yourself from loosing unnecessary money in trading is when you trade with the only amount of money that you can afford to lose,in that way your fears would be minimise.