1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice

Forex Fear of losing

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

  1. Teresa Garfield

    Teresa Garfield New Member

    Joined:
    Aug 3, 2020
    Likes:
    0
    Location:
    CANADA
    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].
     
  2. Mark Ford

    Mark Ford New Member

    Joined:
    Dec 3, 2019
    Likes:
    0
    Location:
    USA
    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] 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

    Joined:
    Dec 30, 2021
    Likes:
    0
    Location:
    Sweden
    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

    Joined:
    May 27, 2021
    Likes:
    93
    Location:
    New York
    Only fear what you can't control
     
  5. Coffee22

    Coffee22 New Member

    Joined:
    Mar 9, 2022
    Likes:
    0
    Location:
    NewYork
    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 New Member

    Joined:
    May 6, 2022
    Likes:
    0
    Location:
    Marseille
    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 New Member

    Joined:
    Jun 1, 2022
    Likes:
    0
    Location:
    Athens
    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 New Member

    Joined:
    May 6, 2022
    Likes:
    0
    Location:
    Marseille
    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 New Member

    Joined:
    Jun 1, 2022
    Likes:
    0
    Location:
    Athens
    True, but most times our greed is one major cause for this problem. I remember when I started with forex chief, 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 New Member

    Joined:
    May 6, 2022
    Likes:
    0
    Location:
    Marseille
    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.
     

Share This Page