I think fear is one way that we use so that we can blame or just looking for a scapegoat for the mistakes we have made. but if indeed we want then we will certainly be able to use us to change ourselves for the better, and can trade better.
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I think fear is one way that we use so that we can blame or just looking for a scapegoat for the mistakes we have made. but if indeed we want then we will certainly be able to use us to change ourselves for the better, and can trade better.
fear of making traders cautious.Forex is regarded as the best investment if the trader makes money easily because he knows how to trade and the perfect time for trading, you must equally know that success is never guaranteed merely because you have to spent number of years in the market.
I guess the fear of not being able to prevent and save us from forex trading losses. mental, emotional and psychological well to avoid and rescue from losses. I think fear is the beginning of despair and it was not good.
Jab hamein fear hota hai to ham high risk trading nahin karty aur high loss se bhi bach jaty hain. Traders position open karny se pehly kafi vichar karty hain aur security ka liye steps bhi uthay hain. Is tarha fear hamain loss se avoid karna bhi seekhata hai.
i dont think fear can help us avoid loss as if due to fear we are not opening orders , how can we get profit in this business. But one thing due to fear we can trade with good money management always which will cause less loss to us.
Yes maybe sometime fear can help to avoid lost because we fear to huge lost then we use stop lost tool. But the stop lost value is not coming from the fear, it need some analysis and accuracy point. If we put the stop lost in the wrong value then it will become premature stop lost.
when you are in fear then you will not able to earn from the forex trading thats why you must have to be confident while trading and try to analyse the situation and trade with low risk so that you will able to get good profit without taking much more risk.
For fear and greed I remember my mentor said to me:
"Fear when market greed, and greed when market fear". It is that simple but that is the essential of trading, It takes time to understand this sentence for me.
only when you have to trade and you have fear in your trading that might be able to prevent you from losing in the trade, but if you are trading then maybe you will lose from not being able to control themselves in tradeQuote:
Originally Posted by fxmoney
Forex trading is considered a risky investment; therefore many are hesitant to even try. Is it the fear of the unknown, or is Forex really that scary? What are the risks involved?