Topic: How to overcome my fear and how to start trading? - page 4. (Read 34706 times)
You have to learn how to trade from an experience trader or read through online teachers. During the training on how to trade you will learn the basic skills and how to prepare for your daily trade. After the training you need to trade simulation (demo) trading for some reasonable time to increase your confidence in trading and fine tune your strategy. This is very important because it will help to reduce the fear and increase the confidence you need to trade well.
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 will never overcome your fear if you are afraid for money. This psychology will force you, lose your money. Find the amount that you do not mind losing.Exactly. With anyone who just enters this field for first time, definitely he get many troubles. Anyway, nothing is really easy for newbie. As I can see you had a clear goal(just to earn daily for your daily needs), so now you should make a plan for trading, but first and foremost let manage your time to get a proper knowledge and take some research for what you are wonder or something like that. I don’t know what you are worried, but if you have a fear of losing for the first, let start trading with a small capital. While you’re trading, remember to build skills and experience because those factors is brutally necessary for your trading. If you want to reach a large fruits from crypto market, you better face with risk. Honestly you have many opportunities in order to get a big benefit, thus you should take its advantages and foremost let remove the fear.
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.. If you are afraid, start with a small amount, allocate some of the funds you have then see how your performance is and how much you can double your capital. This is a step to get used to, if you feel that you are sure of what you are doing then add the amount you will use for trading.
This is critical, I see a lot of people starting their trading career with all their capital and day trading and that is a huge mistake, you need to start your career with a small percentage of your capital and trading a longer time frame so you can get the experience and the ability to read the markets and to react to them in a more efficient way, only then you can trade with all your capital. 
I would say that is good that you have some fear because for that reason you probably will not make some foolish decisions and take more risk that you can bear.
My advice to overcome the fear would be that you start trading with small amounts to get the feeling of the market and to learn how it's functioning. Also diversify funds on different exchanges and don't push your luck.
But before all that try to learn at least some basics about trading and cryptocurrencies.
My advice to overcome the fear would be that you start trading with small amounts to get the feeling of the market and to learn how it's functioning. Also diversify funds on different exchanges and don't push your luck.
But before all that try to learn at least some basics about trading and cryptocurrencies.
You have to study all the time. At the beginning of my work with cryptocurrencies, I had a huge fear, but as I gained knowledge about cryptocurrencies and understood how this market works, my fear went away. Now I do not experience it at all, I come to work with a cold calculation.
That's good to hear, I hope everyone will not take crypto as an easy way to make money so they will not regret in the end. It's still very risky although there is a chance to be rich here but it should always depend on how we are strong to hold and survive in this bearish situations.
You have to study all the time. At the beginning of my work with cryptocurrencies, I had a huge fear, but as I gained knowledge about cryptocurrencies and understood how this market works, my fear went away. Now I do not experience it at all, I come to work with a cold calculation.
In my opinion, understanding that the market cannot be used to meet your daily needs. Because the market is very uncertain and noisy. Start with a small amount and if you already have a lot of experience then you will get a large amount in trading.
Don't involve in any coin/token emotionally , if you control your emotion you will never face such situation
do long-term trading, and forget your trade.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
It can only work well with the profitable coin, but we know that we have too many coins in our wallet and it's waiting for the price to go up again. I think to overcome his fear; he can try to not watching the price movement because this will makes him become panic especially if he sees the price jumps to the lower price. He can try to do another thing to avoid thinking about the market in every day and only take a look in the market at once in a day. Besides that, he can try to reduce his time trading so he can have his balance to get the lower price.
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.
Most newbies or first timers in trading experienced this kind of emotion and many of them trying to overcome it by trading continuously until they become expert. You should arm yourself first with knowledge by learning some trading technics, watching trading videos in youtube and reading some examples from the experts in trading. It known to be risky and no one can avoid making some mistakes while trading so you better it first and prepare yourself for any eventuality. If you have extra funds that you are willing to lose in trading then go for it and gain experience.
do long-term trading, and forget your trade.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
determine profit targets and you don't panic if prices fall, believe and prepare backups to prevent greater losses. use the stop loss facility.
If you are afraid, start with a small amount, allocate some of the funds you have then see how your performance is and how much you can double your capital. This is a step to get used to, if you feel that you are sure of what you are doing then add the amount you will use for trading.
Just do it. Invest the amount you are willing to lose (for each person it may be different). If you are afraid to trade, then no one forces you. You can just hold top coins. This can be bitcoin and ether (for example).
Now good prices for buying currencies. Let them just be in your account. In parallel, you can learn and when your knowledge will pacify your fear, start practicing on small amounts (for example, $10).
While your advice is correct many people have a lot of problems trying to identify how much money they are willing to lose, because it is very easy to say that you are willing to lose the capital they decide to invest but once you begin to trade you will notice that your anxiety will go up a lot faster than you thought and as soon as that fear consumes you, you will not be able to trade efficiently anymore. Now good prices for buying currencies. Let them just be in your account. In parallel, you can learn and when your knowledge will pacify your fear, start practicing on small amounts (for example, $10).
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 are a bounty hunter right?use your rewards from the campaign that you joined to practice trading..create an account,try it and gain experience from it..just don't be like other hunters who sell their rewards and exit the market with all fiat,you need to buy in again and sell for a higher price.daily profits is not guaranteed but it still worth a try.
It is difficult to reduce your fear if you don't try anything because I think with trying something in trading, you will find a way to solve your problem. And if you think that you are fear, maybe you can try to trade using a small amount and see what is happening later. And if somehow, you can get a profit, don't be greedy and take your profit because, in the next second, you will lose your chance to take the profit. I think if you can do this over and over, in someday, I am sure that you can stay calm and you will not fear in trading because this is what happens to me in the past.
you need to start trading with a money you don't need. If you lose when you lose, you won't be upset. I'm not saying this for the real sector. In the real sector, things move slightly differently. but the situation for the stock market is very different. al-sat is a little risky business. so we need to enter with money that we don't need.
There's so many way to earn crypto here but on trading you need a small capital that would use on trading always buy low and sell high. Don't panic if you loss just hodl and wait for the comeback. In trading you need to fight your emotion in order to success in the end.
if you have enough information when trading you will get over it easy. if you get loss that is just a bad day. like play game. 51% winrate still can get to legendary
This is the right thing. The more the knowledge you have, the more the courageous you will be. Knowledge is power and as much knowledge you can get about cryptocurrency trading you will be succeed to that level. Try to take right decisions on the right time because wrong decision on the right time or right decision on the wrong time will not favors you. Jump to: