How to remove trading phobia?
- Thread starter Latham
- Start date
Polakandil
Well-known member
Sometimes we only think of the bad side at certain businesses that scare us to begin with. A phobia is over feeling because in our consciousness is already very deep only looking at the bad side of these businesses. To fight we must be stronger and put in our consciousness we can do it
Fin_Trader
Well-known member
A phobia or fear can appear when a beginner does not yet know how to trade and analyze the market and receives constant losses. Therefore, you need to learn to analyze the market and create your own trading strategy. And when a trader has such a strategy and he controls the risks in transactions, earning profits and minimizing his losses, then such fear will gradually disappear.
Generally, I'd say that anyone is afraid of something he does not know. Trading without enough prior knowledge is like threading on unknown maps, quite scary. Now imagine if you had the map inside your head, you'd feel much more confident. So build your confident by enough knowledge and information.
Lazarsblck
Member
Fear is an emotion, and in trading and investment, emotion management is an essential key my friend. Learn to control your emotions better, different people can have different approaches to it. So I guess you have find your own way, it can be a hobby for instance or a habit.
ArnavDeshmukh
Well-known member
You can start with small trades, and practice relaxation techniques. it's okay to take breaks and prioritize your mental well-being while trading.
Imogen Beaumont
Active member
Absolutely agree! Trading without enough knowledge can be daunting.
Fin_Trader
Well-known member
In any business or project there will be a fear of losses when you are new to it. You don't know anything yet, so there is fear and uncertainty. Only experience can overcome this fear. Therefore, you need to study and practice, learn from your mistakes and gradually improve your trading strategy.
