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Forex Fear of losing

Discussion in 'Forex Forum' started by Teresa Garfield, Dec 20, 2020.

  1. Teresa Garfield

    Teresa Garfield New Member

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    Nobody wants to lose money in trading. However, it is unavoidable true which all traders must accept. Many traders cannot execute their trading plan properly due to fear of losing. So, new trader should invest small or invest what they can afford to lose. That way they can control their fear. I also started my trading with only $50 in [removed, pay to advertise].
     
  2. Mark Ford

    Mark Ford New Member

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    It is difficult to survive in the market for the new traders. They always be in fear of losses. If they face losses, they quit the market. As a new trader, he should know that loss is the common factor of forex trading. If a new trader can get proper education about forex, he will never leave the market. Because he knows that if he tries well he can easily recover from that losses. A broker can help a new trader to recover and reduce the losses. I am always trading with [removed, pay to advertise] because of their support and easy trading technic which can help me to reduce my losses and make profit.
     
  3. Solomon Eli

    Solomon Eli New Member

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    Fear of losing should not be a factor in forex. A good trader knows that he has knowledge and has done his analysis, so fear of losing is not a factor for him. Only those who gamble have fear of losing.
     
  4. GaryG

    GaryG Active Member

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    Only fear what you can't control
     
  5. Coffee22

    Coffee22 New Member

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    If you are not ready for lose then you are not ready to trade. But this does not mean that you should take unnecessary risk in the market, trade what you can afford to lose especially as a newbie.
     
  6. Nathan

    Nathan Member

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    The fear is not entirely bad in itself but it shouldn't be too much, else you will end up having bad trades from making rash decisions. Expect loses, but work hard to limit them and learn from your mistakes too.
     
  7. George45

    George45 Member

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    We should learn to accept Losses and see what we can learn from them. Even the best forex traders in the world have losing trades. Losing is a part of trading, what is most important is learning from them.
     

  8. Nathan

    Nathan Member

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    Great advise, but to be honest it is easier said than done. When you loose, the feeling hits you hard and it becomes very hard to keep your emotions under control. It takes a lot to do that, all I can say we need to try to control it else we will loose more.
     
  9. George45

    George45 Member

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    True, but most times our greed is one major cause for this problem. I remember when I started with [removed, pay to advertise], it was with a small capital that I can afford to lose since they offer good micro account with very favorable conditions. This I did so I wouldn't lose much if my strategy goes wrong, this something newbies can adapt too.
     
  10. Nathan

    Nathan Member

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    Sure, it is always wise to start with small capital, but at some point too we must gradually increase our capital to get more profit. And this is where we should be ready to take calculated risk.
     
  11. George45

    George45 Member

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    I agree, but although taking on a certain degree of risk is inevitable for a forex trader, an adequate understanding of the dangers can help you avoid huge losses. Read on to know more about the risks of forex trading and which factors play a role.
     
  12. Nathan

    Nathan Member

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    Thanks man, I will definitely read more on this.
     
  13. George45

    George45 Member

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    You are welcome, we should stand in for each other more often in the market, that's the only way to succeed.
     
  14. Nathan

    Nathan Member

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    True, no need for competition among ourselves, lets help each other grow.
     

  15. George45

    George45 Member

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    Of course, reason I always give a shout out to a very nice guy from India who gives free signals on gold. Well done James, thanks for all you do (if you can see this)
     
  16. Nathan

    Nathan Member

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    Nice one, it's also fair to give credits to brokers who play a part to educate their clients too, because I know how much I have benefited from the library section of [removed, pay to advertise]'s homepage.
     
  17. George45

    George45 Member

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    I agree, most of them do so well.
     
  18. Nathan

    Nathan Member

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    Of course, my one among happiness is the many informative materials I get from [removed, pay to advertise] and the latest happenings in the market.
     
  19. George45

    George45 Member

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    Information is readily available everywhere now unlike before, you have free materials online.
     
  20. Nathan

    Nathan Member

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    My point exactly, it's just a matter of taking advantage of them.
     

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