Help a fellow Trader, I finished a spot on analysis, saw a clean set up and was about to enter the market na so fear grip me o. I do, I no enter the market, after some hours price moved in my direction.
The thing pain me, something wey I don dey target since. Wetin this one con mean? Does this happen to every Trader?
Listen to these guys😏
Have you been losing trades recently? It could be because of that. You know trading is also a game of the mind. Just make sure you can afford to lose what you are risking.
@jonathanuzamalol That's the fear of loss bro
No one likes losing. But unfortunately, losses are part of the Forex world, and if we can’t completely prevent the thing, we can change our approach to it.
Being careful is important, but trying to avoid any risky situation because of fear means losing countless opportunities for a win. I'll suggest you apply these steps to minimize your fears; 1) Do not risk what you can't afford, 2) Do not open too many orders at once, 3) create a trading plan and follow it( If you have a very clear and defined idea of when to enter the trade and exit it, it is much easier to overcome the fear of a mistake) and lastly, keep a record of your transactions in a trading journal. The purpose of a trading journal is to build confidence in your trading system.