What's new

The fear of losing money is very common.

2.00 star(s) 1 Vote

Expatiate

New Member
Acceptance is the first step in overcoming the anxiety of losing money and trades; even if we strive to avoid it, we will inevitably lose money and have losing transactions. Therefore, it makes no sense to strive to prevent losing trades; instead, we must learn to accept them and control them.
 

Ansu

New Member
The fear of losing money is very common among new Forex traders. And for this thing pressurize me more. However, there are some other fears that emerge as obstacles for traders on their way to reach the desired level of performance. Everyone is scared to lose their money. A new trader might be doubtful to trade if he has lost some money in the past. I know psychological courses are very fruitful but as well as expensive. I can't afford those courses. Is there any other way?
It's very difficult to trade if we don't trust ourselves, because if we fear, it means simply that we'll miss a lot of opportunities and while we miss it we'll be confused and able to enter to any position without thinking just because we want to make some profit.
 

Barnstorming

New Member
It is a common emotion that affects almost every trader in the market. However, trading with emotions is not a good idea. Every trader should learn to control their emotions while trading.
 

Christine Ramon

New Member
Losing money is something no one would want, but whether or not to risk it is completely subjective. If you are interested in trading, there is of course the possibility of losing money as well as making money. If you want high profits, you have to take the risk of losing money. Economics 101: if there is high risk, you may gain high returns but also have high lossess :)
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks