Forex is a risky business, and there will naturally be some fear among the traders. We do not want losses and only trade to earn profits, and this tendency can keep the trader seized with fear until he closes his trades. Learning to control fear is essential and comes with good knowledge and experience. Controlling fear does not mean we stop thinking about losses or turn a blind eye toward them.
Controlling fear means controlling the risk. If we take a high risk and do not apply a stop loss, we will naturally fear blowing our accounts or facing a significant loss. Trading out of fear may also lead to irrational decisions and bad trades. We can control fear and stress by following good money management and trading plans.
Controlling fear means controlling the risk. If we take a high risk and do not apply a stop loss, we will naturally fear blowing our accounts or facing a significant loss. Trading out of fear may also lead to irrational decisions and bad trades. We can control fear and stress by following good money management and trading plans.
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