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Showing posts with label worries. Show all posts
Showing posts with label worries. Show all posts

Tuesday, 25 October 2016

Are you concerned (Part 2)?

Why is it a problem? If you can not overcome them, concerns may become a major obstacle to success and can lead to many other problems. For example: have you ever changed impulsively your stop levels or take profits, only to check if your initial levels were correct? So you lose contact with your plan because you leave the worries of losing and the worries that you're not right are taking control over you.
Fear and anxiety redirect our concentration on the situation and could lead to impulsive or irrational decisions. Even worse, to stay and to worry about something without taking any actions is counterproductive and a waste of time.

Friday, 21 October 2016

Are you concerned?

To be concerned it is to feel anxious or uncomfortable, often (but not always) because of the participation of a negative event or result. However, we are all people and we need to avoid the immediate pain.
For forex traders, the main sources of psychological pain usually include loss of capital. With these problems, our concerns can complicate with care for high margin loss or forgetfulness of important factors during the analysis. As you can imagine, the list with concerns can last more.
Worries are not a bad thing, but they reveal our weaknesses. And once you've studied them, you can overcome them and become a better trader. I'll give you some tips on how to cope.