Victorial
Active member
With over 6 months of experience in forex trading, I still have many fears. These fears have undoubtedly me hampered from making anything meaningful and I have been experiencing losses over time. Below is a list of what I feared the most in trading forex and I wish you put an end to it to maximize profits.
1. Fear of entering a trade: I know and have worked with a proven strategy and it has been working for me trading a demo account. Still, I am always holding back when the criteria for my strategy are met. To confirm my analysis, I will place the trade on a demo account. And in the end, it will always go well. This will bring sadness to my face as I could have profited from the trade.
2. When to exit a trade: If I finally overcome the first challenge, getting over this is a problem. How much is too much? When is the right time to exit a trade if it is reading positive? I always fear that the trade might reverse and it will read erase all my accumulated profits.
So how do you overcome these challenges while trading forex? I do not want to continue this into the year as I consider going fully into forex trading.
1. Fear of entering a trade: I know and have worked with a proven strategy and it has been working for me trading a demo account. Still, I am always holding back when the criteria for my strategy are met. To confirm my analysis, I will place the trade on a demo account. And in the end, it will always go well. This will bring sadness to my face as I could have profited from the trade.
2. When to exit a trade: If I finally overcome the first challenge, getting over this is a problem. How much is too much? When is the right time to exit a trade if it is reading positive? I always fear that the trade might reverse and it will read erase all my accumulated profits.
So how do you overcome these challenges while trading forex? I do not want to continue this into the year as I consider going fully into forex trading.