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  1. #1
    Trader famousfx's Avatar
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    No shaking, Ho fear!

    Hello my people, I wish I share this with you all in the forum, recently I discovered that there is nothing to fear in Forex trading, we only need to stay calm and get things right in our style of trading , once this is settled it would be easier to do our analysis , placing our trade without fear, in the past I just trade and with "I just must trade altitude" but now I am so disciplined to make sure I see a good set up and high probability trade with high degree of winning before joining a trend. Friends,I think this is right?proper analysis gives trader rest of mind after holding a position.Therefore I am now having rest after placing my trade.I avoided I just must trade syndrome. What do you see to this Mate?

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    Last edited by famousfx; 07-10-2017 at 12:44 PM.

  2. #301
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    Around the world many people are taking good interest on forex trading. but as forex is an over the counter market and there is no specific regulatory authority to ensure safety of funds or monitoring, there is always a fear among the traders that they can lose their capital due to scam brokers or due to many reasons. But a trader must overcome his fear as risks are common and a trader will need to deal with it.

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  3. #302
    Trader elghina's Avatar
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    Quote Originally Posted by famousfx View Post
    proper analysis gives trader rest of mind after holding a position
    This is not right, there are no ones who knows that our analysis is correct or not, sometimes our profit trades turn into loss trades by unexpected market movements, and indeed the market is unpredicted. Only money management is able to make us calm. Using a small lot size and proper stop loss will make us comfortable and calm in the face of the worst situations.

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  4. #303
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    Quote Originally Posted by layigold View Post
    For those who have stayed long in forex trading industry like seven or more years will agree with me that the way they trade now is far different from the way they used to trade most especially in the early years of their trading career. In the early years of one's forex trading career , desire to make huge profits withing a very short time is always at the peak and one might not even bother about the effect of taking higher risks on the account and that is why most traders lose their accounts almost every week .As at then , there were so many to fear but as time progresses, traders begin to realize his mistakes and errors and learning from those things helps them to accumulate wealth of experience and they can trade with good risk and money management .Conclusively , before anybody can say "NO shaking and No fear" , he must have got his bearing right in the aspect of risk management .
    Thanks so much, the whole thing hinges on how much the trader is careful to handle the money and risk management in trading, it is a vital aspect of trading which traders must not be handled with lefty in the market, the more we are adhering with these the better we be in trading and the trading less stressful.

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  5. #304
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    Quote Originally Posted by famousfx View Post
    Thanks so much, the whole thing hinges on how much the trader is careful to handle the money and risk management in trading, it is a vital aspect of trading which traders must not be handled with lefty in the market, the more we are adhering with these the better we be in trading and the trading less stressful.
    forex can be very scary when one lack better understanding on how analysis is done,though it take time before a trader can understand how to analyze the market and reduce loss when trading, i guess the only time one can stop being scared is when one have edge on the market,we are bound to always loss when trading because there is no 100 percent strategy

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  6. #305
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    Quote Originally Posted by layigold View Post
    For those who have stayed long in forex trading industry like seven or more years will agree with me that the way they trade now is far different from the way they used to trade most especially in the early years of their trading career. In the early years of one's forex trading career , desire to make huge profits withing a very short time is always at the peak and one might not even bother about the effect of taking higher risks on the account and that is why most traders lose their accounts almost every week .As at then , there were so many to fear but as time progresses, traders begin to realize his mistakes and errors and learning from those things helps them to accumulate wealth of experience and they can trade with good risk and money management .Conclusively , before anybody can say "NO shaking and No fear" , he must have got his bearing right in the aspect of risk management .
    You are right my brother, the more years we spent in trading industry, the better the trader becomes,one would have gotten required experience of trading, using various strategies to trade in the market, fear and other emotion would be greatly reduced.

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    Quote Originally Posted by RaptFX View Post
    it is much easily said than done. But I will like to make it clear to us that there are some cause of fear of which if we don't face and resolve then we will keep on having that fear when trading. One is lack of knowledge and not understanding the trading concept we are making use of. As soon as we understand our trading concept and rules then we can succeed and trade without fear.
    Sincerely, my mate , I keep to this in my trading, an I cautioned myself so as not to go against every plan I set before I enter into any trade. to me it is discipline that matter so as to keep to one trading strategy and plan.I am so believe that with this success is sure and trader would be having stress free trading.

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    Last edited by famousfx; 12-04-2018 at 01:58 PM.

  7. #306
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    Quote Originally Posted by RaptFX View Post
    it is much easily said than done. But I will like to make it clear to us that there are some cause of fear of which if we don't face and resolve then we will keep on having that fear when trading. One is lack of knowledge and not understanding the trading concept we are making use of. As soon as we understand our trading concept and rules then we can succeed and trade without fear.
    Good success lie in the confidence of trader in trading and having good courage to trade and pratice to the level of gaining experience and skills in trading industry , and also with patience in trading through following the rules of the business.

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  8. #307
    Trader layigold's Avatar
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    If you really know how to trade , there is no cause for fear even though the possibility of loss is a reality in forex trading and yet that is not enough reason for a trader to entertain fear . What you need to concentrate on is proper risk management in trading because this is what makes a trader feels relaxed in spite any any eventuality that may result or arise In all , you should only trade forex with the money you can afford to lose

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  9. #308
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    Quote Originally Posted by layigold View Post
    For those who have stayed long in forex trading industry like seven or more years will agree with me that the way they trade now is far different from the way they used to trade most especially in the early years of their trading career. In the early years of one's forex trading career , desire to make huge profits withing a very short time is always at the peak and one might not even bother about the effect of taking higher risks on the account and that is why most traders lose their accounts almost every week .As at then , there were so many to fear but as time progresses, traders begin to realize his mistakes and errors and learning from those things helps them to accumulate wealth of experience and they can trade with good risk and money management .Conclusively , before anybody can say "NO shaking and No fear" , he must have got his bearing right in the aspect of risk management .
    Thank you so much for this good answer to the thread, actually like you have rightly said , if any trader is going to trade peacefully and have good success in the business he need to be always considering the use of money management and risk management, with this trading would be less stressful.

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    Quote Originally Posted by Abraham Chrils View Post
    Around the world many people are taking good interest on forex trading. but as forex is an over the counter market and there is no specific regulatory authority to ensure safety of funds or monitoring, there is always a fear among the traders that they can lose their capital due to scam brokers or due to many reasons. But a trader must overcome his fear as risks are common and a trader will need to deal with it.
    Truly, every business in live has one risk or the other that the investors have to face, but there are solution to all if trader could try to manage the risk properly and be patience in making any selection as per the investment and where to invest it.more so trader in the Forex market must not be too greedy to make a wrong decision in trading.

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    Quote Originally Posted by elghina View Post
    This is not right, there are no ones who knows that our analysis is correct or not, sometimes our profit trades turn into loss trades by unexpected market movements, and indeed the market is unpredicted. Only money management is able to make us calm. Using a small lot size and proper stop loss will make us comfortable and calm in the face of the worst situations.
    Surely , there is no trader that could say he is 100% correct in his or are analysis buy at least we have to be able to trade along the trend, if we made our analysis according to the trend , then the market still proved us wrong, there is nothing we could do against this, market is greater than the traders, but at least we have done our best as touching this, and as you have rightly said money management is so important to take care of this.Trader should also b using stop loss.Thanks for your contribution to the thread.

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    Quote Originally Posted by layigold View Post
    If you really know how to trade , there is no cause for fear even though the possibility of loss is a reality in forex trading and yet that is not enough reason for a trader to entertain fear . What you need to concentrate on is proper risk management in trading because this is what makes a trader feels relaxed in spite any any eventuality that may result or arise In all , you should only trade forex with the money you can afford to lose
    Of course , this is true and reality in trading , all traders here need id to be strictly adhere to the use o the risk and money management in every trading orders place in the market as this is taking care of any eventuality and make the trading less stressful without fear of any loss.The use of stop loss is also important to minimize loss.

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  10. #309
    Trader famousfx's Avatar
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    Quote Originally Posted by RaptFX View Post
    it is much easily said than done. But I will like to make it clear to us that there are some cause of fear of which if we don't face and resolve then we will keep on having that fear when trading. One is lack of knowledge and not understanding the trading concept we are making use of. As soon as we understand our trading concept and rules then we can succeed and trade without fear.
    You may be right about this statement that "It is easier said than done " but it could be achievable for traders through discipline and patience in trading,more so trader must be ready to learn new things daily in the business and keep to them in trading.

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