Fear is a natural emotion that people face a lot throughout their life. And since Forex is still quite a risky business, many traders, investors both beginners and experienced ones have to deal with their fears in trading and also in their investments as well.
Can you eliminate this emotion and turn into an absolutely fearless trader? Hardly.
But there is definitely a way to minimize the fear and also become more resistant to it. Fear itself is not as bad as the impact that it has on traders and investors: fear paralyzes some of them, cripples their sharp minds, and affects their decisions. Most of these fears come from the negative-minded peers around and also the bad experience of some other investors can impose more fear than failure itself, “life has always thought me something which is WIN or learns, there’s a way you can achieve both by winning and learning at the same time and the other hand if you lose you also learn as well. But once you manage to control your fears, you get to a new level of market opportunities and your mindset will be advanced.
There are several investment and trading fears everyone will most likely experience during their investment period. Let’s see what can be done about the two most common fears of beginners.
The fear of loss(investors)
No one likes losing. That’s a solid fact. Moreover, no one likes losing money. But unfortunately, losses are part of the Forex world, and if we can’t completely prevent the thing, we can change our approach to it with good risk management.
Being careful is important, but trying to avoid any risky situation because of fear means losing countless opportunities for a win. Fear is, believe it or not, a part of the whole investor, trader/s path, alongside taking risks and thinking clearly when making a difficult decision.
The fear of live accounts (traders)
This fear logically comes out of the previous one: whenever a beginner trader starts to think of changing from a demo to a real account, this thought brings chills down the spine and a sticky fear of “what if I fail”. The same thing goes for newbie investors as well as the old ones “what if I invest a little higher amount and I get scammed” that’s what hinders many potential investors from making a bold step to experience the real investment. Elon Musk invested $1.5b into bitcoin with the information that bitcoin will spike up which it did and many millionaires are still investing in bulk into bitcoin so derive some momentum from this information don’t go in big but start medium and when it turns out good then you go again.
To Beginner Traders;- Demo account is a very good practice and a way to get in touch with the market and the system, let’s face it – it’s not the same as trading real money.
The possibility of risking money is stressful, so you should learn how to handle your emotions and how to overcome your fears to maintain control of your trading decisions.
To Newbie Investors;- Your first time investing might seem like “let me give it a try” but you have to come to the understanding that you’re about to start an adventure where your money will make more money for you and you should be well prepared in terms of money availability before venturing into any investment also be aware that there’re loses and profits to all investment either tangible or intangible.
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Credit: Adams Matthew
SIMCEL ONLINE 
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