GBPINR move nicely up we expect it will touch 94 soon.Due to Brexit Issue all Pound pairs moves up but it will also very risky.always follow proper money managment here is today key levels and Daily pivot And support resistence level and latest Pound to Inr Chart
GBPINR Strong Resistence Here Now .If Break this level we see it will move jump to 94.Due to no Brexit at all. Here is Daily Chart with Support And resistence and Daily Pivot Levels
GBPUSD will move up is because no Brexit at all.atleast one strong move up we Expected .But GBP pair are looks very risky these days.so must use proper stop lose and follow money managment.
The fear of trading occurs when a trader starts a position for the first time and suddenly feels that the trade is against him. At this time, newcomers in the futures market (who normally do not operate according to pre arranged rules) often question their decision. The intense fear of losing can lead the trader to reduce his losses promptly and leave the trade with a small loss. These small losses, although small individually, can quickly represent a considerable amount.
Fear Of Losing Trade
another fear is the fear of losing profits by winning trades. When a trader finds that his position generates a profit, he begins to fear that at any moment, the position turns against him. To quote Jesse Livermore (one of the best traders of all time) Most people are scared when they should wait and when they should be scared. As a result, they end their winning activities with a small profit, believing that they cannot go bankrupt by making a profit. Unfortunately, they can go bankrupt by taking small profits. Unless the operator can achieve 100% efficiency in the selection of trades, it is tied to a series of losing trades. In order for traders to earn money in the futures market, they need the winnings of the winning trades to be large, to cover lost trades. If a trader regularly makes small profits, it is unlikely to have a large surplus after covering those losses. It has been said, it’s not about whether you win or lose, but how much you win when you’re right and lose when you’re wrong, that what matters most.To overthrown the fear of losing profits, you can consider using the method defined by Jesse Livermore in his book “How to Trade with Stocks”. All time reminding you that Why am I afraid of losing earnings that I did not have the day before?” Instead of focusing on the possibility that the position annoys you, focus on the need to win big when you’re right.Most likely there are three main methods to overthrown the fear of losing,
(1)Change the perception that one has to lose. To overcome the fear of losing money, treat it as tuition. In addition, do not consider the unrealized gain as your money; these are simply gains on paper. You cannot be afraid of losing money that does not belong to them yet.
(2)Have clearly defined rules to reduce losses and gain profits. These should be based on empirical surveys or intensive testing. (3)Use visualization methods to divert attention from the possibility of losing. Visualize the current position becoming a big winner, a grand slam. This does not mean that one should pray and wait and visualize a losing position becoming a grand slam. A good operator must always make sure that he knows exactly when to reduce his losses. As long as the limit of loss of protection is not reached, the fear of losing should not be overwhelmed, which would lead to the premature closure of a position.
The fear of losing during an exchange often has many results. The fear of loss tends to make the timekeeper hesitate to assassinate his time strategy. This can often result in an inability to pull the trigger on new entrances, as well as on new exits. As a market timekeeper, he knows he must be decisive to act when his strategy dictates a new entry or exit. Thus, when the fear of loss prevents him from acting, he also loses confidence in his ability to execute his timing strategy. . This causes a lack of confidence in the strategy or, more importantly, in its own ability to execute future signals. For example, if you have doubts about the fact that you can really get out of your position when your strategy tells you to leave, then, as a self-preservation mechanism, you will also choose not to enter a new trade. . This is the beginning of the paralysis of the analysis, where you simply look for new trades without getting the reinforcement needed to pull the trigger. In fact, the reinforcement is negative and actually prevents you from moving. Looking more closely at why a stopwatch cannot pull the trigger, the lack of confidence leads him to believe that, by not trading, he moves away from the potential pain instead of tending toward future gain. Nobody likes losses, but the reality is that even the best professionals will lose. The key is that they will lose much less, which will allow them to stay in the game, both financially and psychologically. The longer you can stay in the game with a good timing strategy, the more likely you are to start a better set of transactions that will get you out of the temporary recession. When you are struggling to pull the trigger, remember that you worry too much about the results and are not focused on your execution process. By following a strategy that tells you, without emotion, when to enter and exit the market, you can avoid the traps caused by fear. Rich traders have long learned that non-emotional (non-discretionary) temporal strategies prevent losses during emotional moments in the marketplace. They know that strategies work, so they put their fears aside and participate in the exchanges. And remember, you must be able to withstand a loss. Think of them as part of the trade. If you cannot, you will not be there for big profits because you will be sidelined to protect your capital against this potential loss. Remember that time management strategies are designed to protect you from significant losses. Every transaction you make has the potential to become a loss, so familiarize yourself with this reality and take all the signs of buying and selling. That way, when the next big trend starts, you’ll benefit.
Fear Of Missing Out
Every tendency always has its doubts. As the trend progresses, skeptics will convert slowly, fearing to lose profits or fearing losses when they bet against this trend. The fear of getting lost can also be described as greed, since an investor does not act on the basis of his or her desire to hold shares or mutual funds, except that he or she gets up without him or her. This fear is often fueled by uncontrollable explosions, such as technology and the Internet bubble of the late ’90s, when investors listened to their friends talking about new wealth. The fear of getting lost has come into play for those who wish to experience the same kind of euphoria. When you think about it, the situation is very dangerous because, at this stage, the investors tend to say essentially: “Register at any price, I must participate in this tendency in vogue!” The fear of getting lost has the effect of making blind any possible risk of falling, because for the investor, it seems clear that there can be no gains before a trend so promising and obviously beneficial. But there is nothing obvious about it. Remember the stories of the Internet and how it would revolutionize the way business was conducted. Although the Internet has had a significant impact on our lives, the exaggeration and frenzy of these actions has increased the supply of all possible technological actions that can be published and created a situation in which incredibly high expectations could not be met. To be fulfilled in reality. This type of gap in expectations is often what creates serious risks for those who have accumulated late and long after they have been widely disseminated in the media to all investors. These are not time strategies that prevent timers from being profitable; these are the fears that we all have at one time or another that prevent us from carrying out the trade.
Fear Of Letting Profit Turn Into Loss
unfortunately, most market timers (and traders) do the opposite: “let your profits run and reduce your losses in the short term.” Instead, they make quick profits and leave the losers out of control. Why would a timer do this? Too many merchants tend to equate their net worth with their self-esteem. They want to make a quick profit so that they feel winners. How should you take benefits? At Fib Timer, we market trends. Once a trend begins, we continue this trade until we have enough evidence that the trend has reversed. Only then do we leave the position. There could be some days if the trend may fails or months if it is a successful trend. Does this sometimes result in small losses? Yes, if we have a false signal to start, you can. But you have to look at the history of the market to understand this business concept. History tells us that even though, at times, markets are trading sideways or making unsuccessful moves, once a real trend begins, it usually lasts much longer than expected. This means that for the few trends that has failed the real ones last a long time and generates huge profits. But since no one knows in advance which signal is the beginning of the next big trend, we must exchange them all. What happens in the short term can be accepted because we are confident in long-term gains as long as we pursue our time management strategy. We are not trying to close the gains quickly. We stick to the trend until the trend changes. In this way, we get all the benefits that the markets will bring us. And we do not have to worry about blocking profits. We let the markets tell us when to do it.
As a business trader, you need to move from a fearful mentality to a trusted mental state. You must believe in your ability to execute each transaction, regardless of the current market sentiment (which is often in contradiction with the operation).
Knowing that the time strategy that you follow will be profitable in the long term, you create the confidence to carry out all the operations. This also facilitates the continuation of new operations after a series of small losses. Psychologically, this is the critical point at which many people will disconnect because they are too reactive to emotions in relation to the long-term mechanisms of their synchronization strategy. And, typically, when traders log out and exit their strategy, it’s exactly at this point that the next profitable trend begins. Too many investors have an all or nothing mentality. Either they will get rich quickly or they will explode. You want to take the opposite mentality: one that indicates that you are in this situation in the long run. When you focus on executing your time strategy, while managing fear, you realize that surrendering is the only way to really lose. You will win by conquering the four major fears, gaining confidence in your time management strategy and, over time, becoming a profitable market timer.