- PPF Points
- 1,109
Forex trading is not stressful at all. It should not be, otherwise you can not keep on doing it for a long time. Forex trading is a business. How long can you tolerate a stressful business?
If you feel overstressed while trading forex, something is wrong. Any problem has at least one reason. Your stress also has a least one reason. It can be because of any of the below reasons:
1. You take too much risk in your trades.
2. You trade with the money that you can not afford to lose. It means you will be in trouble if you lose it.
3. You have no other source of income while you are still learning forex and you are in a rush to start making money through forex trading as soon as possible.
4. You are working with the others’ money.
5. You do not set a proper and reasonable stop loss for your trades.
6. You have already lost a lot of money in forex and so you have a lot of fear and stress.
7. You are trying to make money through forex trading while you do not have enough experience and knowledge and you have not mastered your trading system.
8. You work with the small times frames that need you to be too fast in making the decisions and taking the positions and so this imposes an extra stress to you.
If you like to keep on trading forex and you have stress, eliminate the reasons of your stress first.
1. If your stress is because of taking too much risk, simply stop taking too much risk and follow the money management rules. Do not take more than 2-3% risk in your trades and you see that you will have no stress.
2. Do not trade all the money that you have. If you have saved $10000, do not open a $10000 trading account. Open a $1000 account. If you have no savings, do not borrow money from the others to trade. Work harder, save some money and then open a trading account.
3. You can not make any money through forex trading if you have to make money. Forex trading needs peace of mind. If you are trading forex to pay your bills at the end of the month, you will not be able to decide properly and you will make mistakes. You will have extra and unusual stress.
4. It is normal that people ask you to trade with their money, when they find out that you are a trader. But do not do it if you have not built your confidence yet. Working with the others’ money needs an extra level of confidence that you have not built it yet.
5. Never trade without stop loss. There is nothing more important than stop loss in trading. If you trade with a proper stop loss, your account will never be wiped out.
6. If you have lost a lot of money and so you have lost your confidence and fear has taken the control of your actions, just stop trading for a while to cool down. Then come back to forex market and analyze your bad trades and find your mistakes. Start trading again while have learned your lesson and you will never repeat the same mistakes.
7. A surgeon can make about $400,000 per year. To become a surgeon, you have to study at least for 20 to 24 years. Can you become a millionaire forex trader just after a few months of learning and practicing? If you have started trading forex while you still don’t know what forex trading is all about and how you can trade, you will have a lot of stress. It is normal to have a lot of stress when you do something that you don’t know properly. So before you continue trading forex, learn the things that you have not learned yet.
8. Small time frames will have more stress for you if you are a new trader, because you have to be fast and you have less time to make your decision about taking or not taking the positions. If working with the smaller time frames is your problem and cases you to feel more stress, then stop using them. Shift to the bigger time frames.
Forex trading doesn’t have to be stressful. There is something wrong if you have stress while trading forex. Find the reason and kick it out of the game now.
If you feel overstressed while trading forex, something is wrong. Any problem has at least one reason. Your stress also has a least one reason. It can be because of any of the below reasons:
1. You take too much risk in your trades.
2. You trade with the money that you can not afford to lose. It means you will be in trouble if you lose it.
3. You have no other source of income while you are still learning forex and you are in a rush to start making money through forex trading as soon as possible.
4. You are working with the others’ money.
5. You do not set a proper and reasonable stop loss for your trades.
6. You have already lost a lot of money in forex and so you have a lot of fear and stress.
7. You are trying to make money through forex trading while you do not have enough experience and knowledge and you have not mastered your trading system.
8. You work with the small times frames that need you to be too fast in making the decisions and taking the positions and so this imposes an extra stress to you.
If you like to keep on trading forex and you have stress, eliminate the reasons of your stress first.
1. If your stress is because of taking too much risk, simply stop taking too much risk and follow the money management rules. Do not take more than 2-3% risk in your trades and you see that you will have no stress.
2. Do not trade all the money that you have. If you have saved $10000, do not open a $10000 trading account. Open a $1000 account. If you have no savings, do not borrow money from the others to trade. Work harder, save some money and then open a trading account.
3. You can not make any money through forex trading if you have to make money. Forex trading needs peace of mind. If you are trading forex to pay your bills at the end of the month, you will not be able to decide properly and you will make mistakes. You will have extra and unusual stress.
4. It is normal that people ask you to trade with their money, when they find out that you are a trader. But do not do it if you have not built your confidence yet. Working with the others’ money needs an extra level of confidence that you have not built it yet.
5. Never trade without stop loss. There is nothing more important than stop loss in trading. If you trade with a proper stop loss, your account will never be wiped out.
6. If you have lost a lot of money and so you have lost your confidence and fear has taken the control of your actions, just stop trading for a while to cool down. Then come back to forex market and analyze your bad trades and find your mistakes. Start trading again while have learned your lesson and you will never repeat the same mistakes.
7. A surgeon can make about $400,000 per year. To become a surgeon, you have to study at least for 20 to 24 years. Can you become a millionaire forex trader just after a few months of learning and practicing? If you have started trading forex while you still don’t know what forex trading is all about and how you can trade, you will have a lot of stress. It is normal to have a lot of stress when you do something that you don’t know properly. So before you continue trading forex, learn the things that you have not learned yet.
8. Small time frames will have more stress for you if you are a new trader, because you have to be fast and you have less time to make your decision about taking or not taking the positions. If working with the smaller time frames is your problem and cases you to feel more stress, then stop using them. Shift to the bigger time frames.
Forex trading doesn’t have to be stressful. There is something wrong if you have stress while trading forex. Find the reason and kick it out of the game now.
