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Topic: How to overcome my fear and how to start trading? - page 2. (Read 34724 times)

sr. member
Activity: 1078
Merit: 256
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

First you must accept to yourself that you are willing to take the risk as a trader. Because if your not willing to take risk, your not belong here mate that's the truth. It is because traders are risk taker, then if you want to implement day trade, of course you must begin with learning about in trading form the basic things and more. Just don't push yourself in a hurry before doing the actual trade in the exchange platform.
Do not rush things out, yes, trading is a good place to earn in a daily basis, but you have to master some skills before doing that, aside from it this big market of crypto is full of unpredicted sway, if you will rush yourself here you will just ends up with nothing, worse, you will lose everything that you have, overcoming fears but always be wiser can help you out inside the trading place, keep being observant and follow the trend whenever you can.
sr. member
Activity: 812
Merit: 251
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

First you must accept to yourself that you are willing to take the risk as a trader. Because if your not willing to take risk, your not belong here mate that's the truth. It is because traders are risk taker, then if you want to implement day trade, of course you must begin with learning about in trading form the basic things and more. Just don't push yourself in a hurry before doing the actual trade in the exchange platform.
legendary
Activity: 1372
Merit: 1008
For beginner trader should be understanding first how to mininize the risk by use stop loss, and learn first to trade in demo account. After that if we trade on spot market , we have to learn about trend of crypto and by know that we will know when should be jump and exit. For the better start trading when bull market because will be more easy to gain profit, and we have should be have target profit. Avoid greedy and FOMO because alot of trader lossing money because this emotional.
Thats the point we can avoid the fear of risk with knowledge. you must learn more about trade, markets, and coins that you will buy. the more you understand and experience. the risk will be getting smaller and you can overcome that fear. the key is knowledge and experience..
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
If you have a desire to trade, then you just need to do it. You have already allowed fear to defeat you, so you just need to force yourself to do it without much thought.
In order to start trading you will need knowledge, so don't ever neglect them. Knowledge is the foundation of trade. But in order to become a successful trader, you need practice as a result of which you will gain valuable experience and learn to act in different situations.
I want to recommend you to plan your actions. This will teach you discipline and help cope with emotions that will certainly arise in the process of trading.
It is our emotion who sometimes bring us down, if we just let it to control our mind definitely we can do the right thing for us. Many traders have fails from their goals, even their courage turn into worries and afraid of that will happen in the future. Everything have change when can't this feelings.
Emotions are always present, how you overcome fear from anything in your life, some people gave good advice long time ago, close your eyes (or don`t) and jump! You need to face it with your fears, only way to do it is to look your fear in the eyes, confronting with it with practice, day by day. Its how you make a progress in any activity or life aspect, I don`t know how else to say it. You cant learn anything if you dont fail occasionally, its the part of learning, you didn`t fail 1000 times you found out about that ways that dont work, 1001 can be the right way.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
If you have a desire to trade, then you just need to do it. You have already allowed fear to defeat you, so you just need to force yourself to do it without much thought.
In order to start trading you will need knowledge, so don't ever neglect them. Knowledge is the foundation of trade. But in order to become a successful trader, you need practice as a result of which you will gain valuable experience and learn to act in different situations.
I want to recommend you to plan your actions. This will teach you discipline and help cope with emotions that will certainly arise in the process of trading.
It is our emotion who sometimes bring us down, if we just let it to control our mind definitely we can do the right thing for us. Many traders have fails from their goals, even their courage turn into worries and afraid of that will happen in the future. Everything have change when can't this feelings.
hero member
Activity: 798
Merit: 503
If you have a desire to trade, then you just need to do it. You have already allowed fear to defeat you, so you just need to force yourself to do it without much thought.
In order to start trading you will need knowledge, so don't ever neglect them. Knowledge is the foundation of trade. But in order to become a successful trader, you need practice as a result of which you will gain valuable experience and learn to act in different situations.
I want to recommend you to plan your actions. This will teach you discipline and help cope with emotions that will certainly arise in the process of trading.
full member
Activity: 658
Merit: 100
PayAccept - Worldwide payments accepted in seconds
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
First, do not read the market-related information at present.
Second, please identify the best Altcoin you want to trade after starting to return.
sr. member
Activity: 826
Merit: 265
I am afraid that you can engaged in short term trading having that limited resources and the most baddest thing is you want to gain for living daily,this cannot be promise by crypto trading

The volatility for sure will eat your capital and will brings you to losses in just a short time,for me traders in crypto should have use their extra money (unless you are very rich things that wasnt indeed in your part)specially when the moment you posted this thread that the market is killing most of traders now
legendary
Activity: 1904
Merit: 1000
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

You can use the money that will not harm you and your finances if you lose it. I guess, it can reduce fear. Short-term trading means you have to sacrifice most of your time in front of your device and you must make the target either up or down. Do not place a higher percentage of short-term profits, 10% or even less than that is enough.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
Fear and anxiety when you first want to trade is a natural thing. however, a beginner has no experience in that. to reduce fear, multiply searching for information, studying in trading beta, and there is still much that needs to be done, so that someone might be able to be more confident before starting.
member
Activity: 462
Merit: 11
For beginner trader should be understanding first how to mininize the risk by use stop loss, and learn first to trade in demo account. After that if we trade on spot market , we have to learn about trend of crypto and by know that we will know when should be jump and exit. For the better start trading when bull market because will be more easy to gain profit, and we have should be have target profit. Avoid greedy and FOMO because alot of trader lossing money because this emotional.
jr. member
Activity: 350
Merit: 2
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
if you want to overcome your fear start to accept the fact adn also avpid your emotion and don't the that who distract you and make it hard working. and you may start to trade.
hero member
Activity: 1106
Merit: 506
experience is very necessary in trading. when you just started, I think you should start from a small number. daily trading and long-term investments have risks. so it's better that you start with a number that you yourself can accept the risk if it befalls you. always trying to learn about speculation and market analysis. and also do not become a greedy person. when you get a moment to sell, it's better to sell immediately, even if you only earn a little. and start buying again when you feel the price is below and will rise again.
full member
Activity: 490
Merit: 100
why are you scared? even though you haven't started to trade. you need to control your feelings and emotions, don't overestimate those fears. I feel your fear is unreasonable, because the trade you are about to do has not yet begun.
read a lot, set up strategies and immediately start trading, so you can trade with confidence.
hero member
Activity: 1092
Merit: 501
your main fear is losing your money. To avoid this kind of fear, you need to invest the amount that you do not mind losing.
Thats right, dont invest more than you cant afford to lose, this strategy is simple but works. not only because you are fear of losing then you are afraid to take certain steps and decisions. therefore adjust capital to your financial ability so that you are not afraid of the risks there and your calculations can be made carefully..
It is one of the most basic lessons about trading and yet people always get that lesson wrong, it seems they think they are above the most basic principles of trading not understanding that are precisely those principles the ones that are going to save you when you make a mistake, I say this because I have seeing it, I knew of a few people that lost almost all their money in a single trade and they refused to sell because the price was too low and they kept holding their coins until its value was zero.
Sometimes panic sell do really have some advantages even most people do talk about the effects of it.I have experienced lots of situations on where you should
really need to sell up to cut loss and that's effective because such decisions leads for me to save my entire capital on burning gradually.Not all coins will recover
so you would need to get out before its too late.Fear on trading does simply signify that you are afraid to lose money which is indeed part of investment.
Panic selling is terrible because people lose money, however holding your coins despite the huge evidence that the price is going down and that is not going to recover soon is an even greater mistake that is even more common than panic selling and it can be as devastating, so if anyone is in this market to try to make money please read a few books about it before you do it.
legendary
Activity: 3500
Merit: 1354
Fear is not good when trading, people should not make decisions because of fear, or courage, some divination is OK, but mainly should focus on the facts without the emotions IMO.

Before starting to trade, stay more on this Forum, read different threads, take into account what people think about trading and which of the cryptocurrencies they like. Soon, you will feel your fear disappeared.

It wont be as easy as its said, there are some threads that may makes your fear become even bigger as there are some people share about their losses in trading. So it reading different threads wont affect your fear alot, what can make you lose your fear is yourself. As long as you are ready for all the possible result in trading, especially the worst one then you'll have no fear again.

newbie
Activity: 9
Merit: 0
It’s worth trying, forget about possibly of loosing but do everything to avoid them.
newbie
Activity: 234
Merit: 0
It's normal for one to be scared of the market when trading. But if you hope to overcome your fears, you must be willing to learn the right things to help you overcome your fears. Don't apply emotions when trading. Dont be greedy when trading too. This will help you to conquer your fears.
member
Activity: 257
Merit: 10
As a new in this digital market, I would like to suggest you before starting trading you need to learn basic knowledge from this forum or you may watch trading related videos on youtube. Then you should join in trading but you have to show patience and confidence with huge courage and have to be strategic in the trading business.
full member
Activity: 518
Merit: 101
Fear is not good when trading, people should not make decisions because of fear, or courage, some divination is OK, but mainly should focus on the facts without the emotions IMO.

Before starting to trade, stay more on this Forum, read different threads, take into account what people think about trading and which of the cryptocurrencies they like. Soon, you will feel your fear disappeared.
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