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In the forex market, fear has many faces

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@tiny_ox - 6 months ago - Risk Management

Many traders will testify that fear plays a major role in why they are not profitable. In the forex market, fear has many faces, tthe market will always try to scare you out of a trade only for price to move in your direction after you exit. I created this thread so we share the faces of fear we have experienced as forex traders. Feel free to share your fear!!!

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@tiny_ox - 6 months ago

Fear of the ranging market

This is one fear that plagued me as a beginner. Whenever I saw a ranging market, I became confused and kept switching from buy to sell till I burnt out.

But now I know better, if I see a ranging market I just look for the candle stick pattern that started it and place my stop loss below it.

I dont panic even if I see price going towards the stop loss, I just hold my position and wait for a breakout.

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@hipkin_mike - 6 months ago

Fear of losing profits, I had to battle with that one for one year 😂

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@lawanf - 3 months ago
Quoted - hipkin_mike

Fear of losing profits, I had to battle with that one for one year 😂

I had to start waiting at break even to cure my fear of losing profits, at least at BE I know eve if i lose the profit I wont make a loss

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