FEAR! How to get rid of it

[ammo]

Quote from fxgator:

I think it is normal for all people to have fears. I believe that a person that has never experienced this feeling is not normal. But it really hurts when fear is starting to get all over us and hinders us to do the things we wanted to do. In forex, I'm sure that all we are have fears of loosing money at first. So during your early days in forex, how were you able to get rid of the fear of loosing money?

trade sim til you get it right then trade small on that same setup, then increase, think of it as starting a career as a tightrope artist,safety net,low bar and then higher,the fear will always be there,but the repetition will give you confidence, the opposite of fear,acquire it thru repetition,experience

 

[keeptradin']

Quote from ammo:

but the repetition will give you confidence, the opposite of fear,acquire it thru repetition,experience

I always heard that faith was the opposite of fear. But that was in church, and I quit going awhile ago. I suppose faith and confidence are the same thing.

 

[Brass]

Quote from keeptradin':

I always heard that faith was the opposite of fear. But that was in church, and I quit going awhile ago. I suppose faith and confidence are the same thing.

Not quite. Faith can be blind. Confidence, as I've heard it said, is constructive pessimism in that you are properly prepared to deal with matters should they go wrong. Big difference.

This isn't where I first came across the term, but it seems to apply:

http://techbrew.net/articles/200709/the-constructive-pessimist/

 

[JB3]

Close all trades. Turn off computer. Go to Sleep. Fear gone.

 

[ElectricSavant]

Quote of the day.

Faith can be blind. Confidence, as I've heard it said, is constructive pessimism in that you are properly prepared to deal with matters should they go wrong