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Fear is an emotion that can negatively affect your attempts to make profit through trading in the market of foreign exchange India. Fear is usually caused by the feeling that there are chances for the occurrence of a danger while you are trading. Fear is the factor that stops you from making any moves in trading. It is observed that almost every trader might have had this emotion at any point of their career in the market of foreign exchange India. Fear is obvious and what matters is how you manage the situations when there is a high probability of the occurrence of risk. The feeling of fear emerges in a trader usually after facing many losses. The difference between a winning trader and a losing trader is the way in which they handle fear. Winning traders are the ones who have the ability to manage fear while the losing traders are controlled by fear and they mostly won’t be able to make a good decision regarding trading in foreign exchange India. The winners are the people who control their fear and manage to take positive decisions that can help them in making good profit through trading. The major types of fears that a trader may come across are fear about losing and then some traders may be affected by fear that the profit can turn to be loss. These fears need to be managed appropriately else can lead to disaster.
Fear about Losing in Foreign Exchange India
Even if you are a trader who has ability to perform technical analysis and fundamental analysis in an effective manner, you may not be able to make a proper decision for becoming a successful trader. The first kind of fear is the fear to lose money in the forex market. None of the traders will like the situation to lose their money. Feeling of fear that the money may be lost id obvious in traders, the important thing is how you handle a loss. Your attitude towards profit or loss is the factor that determines how successful you are as a trader. Most of the successful traders do not overreact with loss or profit. Trader need not come up with the emotion of revenge or fear due to failures and should not be greedy or overconfident with successes. Whatever that comes in your way, you should accept them in the same way and need to consider them lightly. Getting excited or depressed with the outcome of a trade is the indication of a novice trader. A professional do not get any such feeling on trading. The novice traders take losses so deeply they won’t be able to consider they make.
Fear about Conversion of Profit to Loss
Most of the traders lock a quick profit for ensuring that they are winners in the trade. Locking of profit is done fast as they fear that the profit can turn out to be loss. Because of this feeling traders may lose the profit that could come in their way.
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