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Fear is the greatest reason for failure
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[QUOTE="Shaf, post: 251471, member: 25467"] While fear is definitely responsible for the failure of a lot of traders, it's also the one thing necessary to keep us in check, and can sometimes be the reason a trader maintains his portfolio. There's a reason why the market uses a fear and greed index to measure trader's sentiments and position about the market,.and not just one of them. Striking a balance between the two, knowing when to take profits, when to cut your losses, when to buy and sell are important for every trader. If someone is adequately fearful about loosing money, you won't invest more than you can afford to lose, you'll use the right risk management techniques, take profit at set point instead of expecting more profit which can turn out to be a loosing trade. Fear is even more important for.thise who trade futures, because a small change in price die to manipulation or news can liquidate an already profitable position. Overall, I believe fear is good in trading forex, if used correctly. [/QUOTE]
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Fear is the greatest reason for failure
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