7 ways to eliminate the fear of trading

Removing the fear of trading is very important because fear makes decisions that are easy to make, such as closing orders too quickly or not being brave to enter good orders.

1. There is a clear trading plan.

Set the entry point, exit point, stop loss and take Profit in advance. When you have a plan, follow it with discipline. It will reduce hesitation and fear.

2. Risk Management uses funds in each order for less than 1-2% of the portfolio. Every stop loss setting will help you know what the highest risk is, so you are not afraid of excess.

3. Practice trading in a cent or micro account, using less capital first, until confident in strategy, familiarity with graphs and solving situations, reducing time anxiety. Enough to make a profit, then increase capital.

4. Control the mind and mood.

Accept that "loss is part of the trade," practice meditation or deep breathing before entering the order, so that fear does not dominate.

5. Keep a trading journal, record which order to enter, why to enter, what the results are like. Review the record ensures and sees your own development.

6. View trading as "probability"

No one knows the future of the market. Trading is a play with probability, not 100% right or wrong. If opportunity and risk are worth it, it is enough to enter the trade.

7. Use good tools to solve the problem of the trading system better. Focus on him, good, low risk.

Conclusion: Fear is reduced when you have good knowledge, confidence in strategy and risk management.