Emotions are the one of the greatest problems of being a forex trader. Almost every beginning trader will experience a great success in trading, but also there is going to be losing of money at some point. losing over and over again can lead to psychological scarring and trading with fear.
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Thread: Should we trade with fear?
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04-05-2016, 12:45 PM #1
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Should we trade with fear?
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04-27-2016, 01:25 AM #2
emotions are going to cause us losses. Many have failed in forex business is because trading with emotion, and therefore we need to minimize the emotions have a strong mentality when trading. By having a strong mentality then we can reduce fear
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04-28-2016, 11:15 AM #3
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This is common thing in demo account will not involved emotion, because only use virtual money which this will not make trader being fear to losing money, and will very different if trader use real money in addition they spent money from their own pocket money, it will involved emotion because they have goal to increasing their investment.
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04-29-2016, 02:00 AM #4
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Our first goal is to take away the mystery and fear about trade. We have to demystify trade. Instead of it being a drag on the economy, trade is a positive force.
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05-01-2016, 11:40 PM #5
to get trading success then we need to take bold decisions. Traders do not dare to take the risk then it will not be successful. For that, we need to dare to take risks that would allow us to be successful in forex. therefore the preparation and planning of good trading are indispensable
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05-16-2016, 04:13 AM #6
Sometimes i feel afraid to trades, i guess is normally as we are has human psychological who was afraid to loosing something. We must face our fears with knowledge about money managements, at least it very helping me so far. Risk management is a combination of multiple ideas to control your trading risk. It can be limiting your trade lot size, hedging, trading only during certain hours or days, or knowing when to take losses. For this, a trader can use a demo account contests like Forex demo contest weekly are held by TICKMILL
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05-20-2016, 03:19 AM #7
we need a good trading psychology for trading we can minimize fear. We must dare to take a decision so that we will be trading maximal. Therefore, we can try to trade with small capital like $ 1 to start trading to train our trading psychology so that we will be able to trade well
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05-29-2016, 09:32 PM #8
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You shouldn't trade with fear but wilt caution, for example if your having drawdowns over 50%, your doing something wrong. Now it doesn't necessarily have to be 50%, it all depends on your strategy.
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05-30-2016, 03:53 AM #9
Yes, trading psychology plays an important role in forex trading. Trading with having a good psychology will allow us to make good decisions, so that will deliver maximum results for our trading. therefore, we should be able to train psychology of trading by trying to trade using small capital like 25$ on TICKMILL where every week we can following demo contest account
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06-01-2016, 01:47 AM #10
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It is not about whether you win or lose, it is about how much you win when you are right and lose when you are wrong that matters.
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