There is a common trait shared amongst all professional day traders about what made them successful traders. They all had to overcome the fear of trading before they became successful traders. Unless new traders can overcome the fear of trading or losing money while trading in their mind, trading success can become an unfulfilled dream very quickly. Fear is one of the strongest emotions possessed by human beings. It can even affect a good day trader with a great online forex currency trading system or strategy that works very well.
Depending on the situation a trader may face in his or her life, fear can turn into a force that can destroy a trading career in some way or can even help protect a trader from some destructive trading habits. When a trader feels a threat coming to his trading account, fear takes on the emotional form of the "fight or flight" response in his mind. This same response can also be triggered at times when no threat in any way, shape or form exists and a trader might get anxious and upset over the market not doing what he might want it to do.
Fear can definitely be a drawback to a trader in turn affecting him or her in many ways. It can stop a trader from doing things that he always wanted to do and loved doing like watching the markets and trading. It can also stop a trader from dreaming of a better life and working hard to live that dream. Fear can also stop a trader from taking on even the smallest monetary risk in trading as they are fearful of the outcome of the trade. In almost all the cases the rewards reaped will be much greater than the actual risk itself, but fear will always be holding a trader back.
The opposite type of fear can be just as bad too. Some traders have the fear of success deep within their minds. It can stress them out by just thinking about all the additional duties and responsibilities that come along naturally with that trading success. The fear of success can also play on the mind of a forex trader by making him constantly think about not being able to maintain the same level of trading success in the future.
How does all of this apply to an online day trader engaged in forex trading or currency trading? Fear is the final factor that every new trader has to overcome to get to the next level. Just by keeping fear in their minds , traders sabotage their own victory down the road even though most of their fears might never even come to fruition. Such fear can keep even the most hard working traders away from success. Fear is a strong emotion that can paralyze even a successful trader when the time comes around to pull the trigger on the trade. Every trader must remove all of the fears of trading from their mind as it will help them become a consistently profitable trader by being able to pull the trigger at all times and it will help them remain successful for a long time. There are many good books and audio material out there that a trader can read and listen to in order to help him or her train their mind to overcome fear.
To your trading success.
Depending on the situation a trader may face in his or her life, fear can turn into a force that can destroy a trading career in some way or can even help protect a trader from some destructive trading habits. When a trader feels a threat coming to his trading account, fear takes on the emotional form of the "fight or flight" response in his mind. This same response can also be triggered at times when no threat in any way, shape or form exists and a trader might get anxious and upset over the market not doing what he might want it to do.
Fear can definitely be a drawback to a trader in turn affecting him or her in many ways. It can stop a trader from doing things that he always wanted to do and loved doing like watching the markets and trading. It can also stop a trader from dreaming of a better life and working hard to live that dream. Fear can also stop a trader from taking on even the smallest monetary risk in trading as they are fearful of the outcome of the trade. In almost all the cases the rewards reaped will be much greater than the actual risk itself, but fear will always be holding a trader back.
The opposite type of fear can be just as bad too. Some traders have the fear of success deep within their minds. It can stress them out by just thinking about all the additional duties and responsibilities that come along naturally with that trading success. The fear of success can also play on the mind of a forex trader by making him constantly think about not being able to maintain the same level of trading success in the future.
How does all of this apply to an online day trader engaged in forex trading or currency trading? Fear is the final factor that every new trader has to overcome to get to the next level. Just by keeping fear in their minds , traders sabotage their own victory down the road even though most of their fears might never even come to fruition. Such fear can keep even the most hard working traders away from success. Fear is a strong emotion that can paralyze even a successful trader when the time comes around to pull the trigger on the trade. Every trader must remove all of the fears of trading from their mind as it will help them become a consistently profitable trader by being able to pull the trigger at all times and it will help them remain successful for a long time. There are many good books and audio material out there that a trader can read and listen to in order to help him or her train their mind to overcome fear.
To your trading success.
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