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    Thread: Why people fear forex? (part 13)

    1. #81
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      Forex is an online based money making system. The whole system of forex is related with online. There are no physical market exist in forex market. All the things have to be done trough online. Due to this reason people fear to start forex trading business. You can say one kind of misconception people carrying regarding forex.


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      Fear comes from greed.A newbie forex trader live in his own emotional forex world. He thought that he is a next millionaire of this world! He wants to "GET QUICK RICH".Although his mind pressure takes unreasonable position size.When the market favours him he would be greedy and if the market against him he felt fear.


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      We have some fear because we can invest our real money here and if we can do any mistakes we can face big loss so we can have miner fear in our mind when we can open big lot order and try to closed it on some profit its a profitable business and only practice will makes our trading perfect and removed our fear from mind.


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      Most people fear forex trading due to ignorance, for it is natural to fear what you do not know about. It is obvious that those who make money from forex trading do not fear the forex market, but on the other hand likes it so much.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      people mostly fear from this forex trading business because they have seen their fellows who are getting losses all the time from this business, so they think that this business is a very risky business, but they never know that their fellows are getting losses due to their own mistakes in trading in this forex market.


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      People fears to trade because the risks in the Forex Market are quite more compare to any other business available online. They can make a fortune or they could lose each and every penny of their lives and hence this makes them fear to trade. But the trades which they don't do because of the fear again lead them to loss, as the opportunity of making money will lost and the money not made is the money lost.


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      Default Those forex trader that fear mostly are the newbies

      Those forex trader that fear and greed in this business are the newbies and what make them fear is how the market move up and down and again any trader that is not stable in his or her plan can have this fear of a thing also.


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      Actually at initial stage when any newbie join Forex currency business, then he/she think that Forex is easy where you can get huge profit everyday just to BUY or SELL currencies, but when they enter in live trading then they feel fear because without good knowledge with real money trading is not so easy and not for everyone.


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      Maybe because some people think that this is another kind of gambling or lottery since it's very difficult to be a consistent trader. Most of the population are not into business or investment because they like safe and secure source of income. The possibility of getting bankrupt in forex trading is one the most dangerous feat of this business.


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      People fear trading in forex market because they think it is a market where they will loss there money easily. They think it is not safe for trading.General people do not have any knowledge about forex market.They think it is a place gambling.Some people come in forex to earn quick money but after losing money they fearto trade again in forex. We have to realize that it is a money market. It has won strategy and policy. We should acquire vast knowledge about forex.


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