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Forex
Fear is the greatest reason for failure
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[QUOTE="King bell, post: 254019, member: 75687"] No one ever said that forex trading was easy. In fact, it can be quite daunting and intimidating for those who are new to the game. The biggest obstacle that new traders face is overcoming their fear. Fear of making a loss, fear of not knowing what they're doing, fear of the unknown. All of these fears can lead to failure. The first step to overcoming your fears is to understand them. What is it that you're afraid of? Once you know what your fears are, you can start to address them. Do your research, read books and articles, talk to other traders. The more you know about forex trading, the less afraid you will be. Another important step is to have a plan. Know what you're doing and why you're doing it. Having a plan will help to keep you focused and on track. It will also help to keep your emotions in check. When you have a plan, you're less likely to let your fears take over. Finally, don't be afraid to take risks. Yes, there is always the potential for loss when you're trading in the forex market. But there is also the potential for huge profits. You won't make any money if you're too afraid to take risks. So, take a deep breath and go for it. Fear is the greatest reason for failure, but it doesn't have to be. If you understand your fears and have a plan, you can overcome them and succeed in forex trading. [/QUOTE]
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Fear is the greatest reason for failure
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