OVERCOMING FEAR OF LOSS IN THE FOREX MARKET

OVERCOMING FEAR OF LOSS IN THE FOREX MARKET.

The Oxford Dictionary defines fear as ‘an unpleasant emotion caused by the anticipation of danger which leads to feelings of dread, anxiety and apprehension’. 

Fear is about the expectation that something detrimental could happen and constitutes a crucial physiological and cognitive mechanism functioning to aid our survival by causing us to either anticipate and avoid potentially dangerous situations, or, if we so chose, to face and confront them with a heightened state of alertness and focus. From an evolutionary perspective, fear leads to the instinctive ‘fight or flight’ response.

Fear can be broken down into three categories:
1. Fear of Loss
2. Fear of missing good trades
3. Fear of being wrong