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Old Apr 26th, 2012, 12:16 AM   #25
cornix
 
 
Join Date: Jan 2011
Location: Siberia
Posts: 3,551
Fear means you don't trust your strategy/tactics enough. Either something is wrong with it or if you are sure technical side is OK, practice more until you feel greed instead of the fear whenever see your signal.
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Old Apr 26th, 2012, 05:22 AM   #26
clightmarathon
 
 
Join Date: Oct 2011
Location: europe
Posts: 247
One can "try" meditation. After a while you are accustomed watching your thoughts, emotions and letting them pass through. You will be more aware during your daily life and trading.

With fear also first you will detect it in your body, tense feeling in the stomach for example, and just label it: hello fear, I know you. You can go now, I am busy following my trading rules.
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Old Apr 26th, 2012, 10:32 AM   #27
JohnForrest
 
 
Join Date: Apr 2012
Location: London
Posts: 1
Fear can help to keep you focussed. It can test your commitment to your trading strategy. Learn to control it and it doesn't need to be an enemy.
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Old Apr 28th, 2012, 07:06 PM   #28
Jack_Larkin
 
 
Join Date: Jun 2011
Location: Toronto
Posts: 639
Scared money is only fixed through confidence.

Confidence comes from properly testing your system, and trading with money you can afford to lose.

If you don't have the discipline to do that kinda testing work before you put your capital at risk, I doubt you'll have the discipline to gain consistency in your trading career.
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Old Apr 28th, 2012, 07:14 PM   #29
KastyG
 
 
Join Date: Apr 2012
Posts: 516
i make the most of my money, when i don't need it.

otherwise, god what a grind
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Old May 2nd, 2012, 08:16 AM   #30
Lawrence Chan
 
 
Join Date: Sep 2001
Location: Toronto, Canada
Posts: 5,728
Quote:
Quote from fxgator:

I think it is normal for all people to have fears. I believe that a person that has never experienced this feeling is not normal. But it really hurts when fear is starting to get all over us and hinders us to do the things we wanted to do. In forex, I'm sure that all we are have fears of loosing money at first. So during your early days in forex, how were you able to get rid of the fear of loosing money?
There are all kinds of things that lead to fear.
You cannot generalize that.

Some fears are direct results of bad trading practices like overleverage. Those fears is there telling you to stop doing the wrong thing and you should correct the bad practice instead of getting numb.

Some fears are false signals. For example your position is doing fine and you are not risking beyond your tolerance but the price action is "ticking you off". That is something you have to fix. Usually over time your experience will overcome these issues.

Good luck.
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