TERRIBLE Forex Trading Mistakes - Mistake No.8 - The Fear Of Growing
Hi traders,
Vladimir Ribakov is here from Traders Academy Club - https://www.tradersacademyclub.com/
In this video, I would like to discuss another common trading mistake that most traders make, which is “The Fear Of Growing”.
Let's say you are in the trading business, and despite some bad experiences and some blown up accounts and money lost, you didn't give up yet and you keep chasing your biggest goal, to become a Forex trader and trade for a living or trading for an extra income.
If so, first of all, congratulations! BIG thumbs up, since most people already would give up! But you didn't! You are already in the 10% of traders and you already are different than 90% of others. Keep working and you are on the way to achieving your goals.
But before achieving it, there is one little darker phase that many traders go through which the “The Fear Of Growing”
Why is it a problem?
Because most of us, after a series of failures, suddenly when we find stability we start to dream big and we don’t focus on today’s current scenario. If you don’t focus on today and dream too much about tomorrow, then you will find yourself facing challenges, and dealing with losing streaks instead of growing.
The market would ALWAYS find a way for everyone later or sooner to create a setback. Everyone has to go through a losing streak in a day or week or in a month. Once in a while, we all have to go through this.
So, don’t think too much about the future just focus on today, trade after trade, day after day.
Let’s say for example if you are trying to get funded by any of the funding programs for forex traders -
https://www.youtube.com/watch?v=ryZ98X43ZJk
and let’s assume you have a target of 10% and you have reached 7% or 8% profits and suddenly you got cold feet (it’s completely normal). This is the fear of growing, once you are focused on reaching the target something is blocked in your brain and you fear the last step.
TERRIBLE Forex Trading Mistakes - Mistake No 7 - The fear of losing money
https://youtu.be/bxesBV0Plqk
Usually, this happens when you are TOO focused on the next big thing and you don’t focus on any of the milestones that you have reached.
The Solution
If you face this problem then instead of setting up a huge goal set a small one and achieve the targets one by one.
Instead of thinking too far, too big, focus on the current scenario and achieve smaller goals.
This is something most people don’t do, they don’t do it one by one and they always think about the big thing. If you think too much forward about the big thing or big final goals then there will be setbacks later or sooner.
Setbacks are great and even important because that’s your opportunity to find your mistakes, re-analyze, rebuild, refocus, and FIX the problem.
Always set small goals and milestones and conquer them one by one. And even if there are any setbacks you won’t feel like you have to start from the beginning again to achieve the huge target that you are aiming towards.
So, traders, this is the eighth mistake that I wanted to talk about and suggest my solutions for it.
If you do think you have a better solution to deal with this problem you can feel free to share it as a favour in the comments section so that it will benefit other traders.
For additional forex trading information such as forex trading strategies, trading systems along with invaluable educational articles we publish and share to our growing community we invite you to visit:
https://vladimirribakov.com/ - Vladimir RIbakov's Trading Blog
https://vladimirribakov.com/sponsorship-program/ - Top-Rated Trading Systems
► Follow My Work (On Social Media!)
YouTube - http://www.youtube.com/VladimirRibakov
Facebook - https://www.facebook.com/tradersacademyclub
Twitter - https://twitter.com/VladimirRibakov
Telegram - https://t.me/vladimirribakovtradingchannel
I would like to thank you for your time and I hope you found value in our video!
To your success,
Vladimir Ribakov,
Internationally Certified Financial Technician
Vladimir Ribakov is here from Traders Academy Club - https://www.tradersacademyclub.com/
In this video, I would like to discuss another common trading mistake that most traders make, which is “The Fear Of Growing”.
Let's say you are in the trading business, and despite some bad experiences and some blown up accounts and money lost, you didn't give up yet and you keep chasing your biggest goal, to become a Forex trader and trade for a living or trading for an extra income.
If so, first of all, congratulations! BIG thumbs up, since most people already would give up! But you didn't! You are already in the 10% of traders and you already are different than 90% of others. Keep working and you are on the way to achieving your goals.
But before achieving it, there is one little darker phase that many traders go through which the “The Fear Of Growing”
Why is it a problem?
Because most of us, after a series of failures, suddenly when we find stability we start to dream big and we don’t focus on today’s current scenario. If you don’t focus on today and dream too much about tomorrow, then you will find yourself facing challenges, and dealing with losing streaks instead of growing.
The market would ALWAYS find a way for everyone later or sooner to create a setback. Everyone has to go through a losing streak in a day or week or in a month. Once in a while, we all have to go through this.
So, don’t think too much about the future just focus on today, trade after trade, day after day.
Let’s say for example if you are trying to get funded by any of the funding programs for forex traders -
https://www.youtube.com/watch?v=ryZ98X43ZJk
and let’s assume you have a target of 10% and you have reached 7% or 8% profits and suddenly you got cold feet (it’s completely normal). This is the fear of growing, once you are focused on reaching the target something is blocked in your brain and you fear the last step.
TERRIBLE Forex Trading Mistakes - Mistake No 7 - The fear of losing money
https://youtu.be/bxesBV0Plqk
Usually, this happens when you are TOO focused on the next big thing and you don’t focus on any of the milestones that you have reached.
The Solution
If you face this problem then instead of setting up a huge goal set a small one and achieve the targets one by one.
Instead of thinking too far, too big, focus on the current scenario and achieve smaller goals.
This is something most people don’t do, they don’t do it one by one and they always think about the big thing. If you think too much forward about the big thing or big final goals then there will be setbacks later or sooner.
Setbacks are great and even important because that’s your opportunity to find your mistakes, re-analyze, rebuild, refocus, and FIX the problem.
Always set small goals and milestones and conquer them one by one. And even if there are any setbacks you won’t feel like you have to start from the beginning again to achieve the huge target that you are aiming towards.
So, traders, this is the eighth mistake that I wanted to talk about and suggest my solutions for it.
If you do think you have a better solution to deal with this problem you can feel free to share it as a favour in the comments section so that it will benefit other traders.
For additional forex trading information such as forex trading strategies, trading systems along with invaluable educational articles we publish and share to our growing community we invite you to visit:
https://vladimirribakov.com/ - Vladimir RIbakov's Trading Blog
https://vladimirribakov.com/sponsorship-program/ - Top-Rated Trading Systems
► Follow My Work (On Social Media!)
YouTube - http://www.youtube.com/VladimirRibakov
Facebook - https://www.facebook.com/tradersacademyclub
Twitter - https://twitter.com/VladimirRibakov
Telegram - https://t.me/vladimirribakovtradingchannel
I would like to thank you for your time and I hope you found value in our video!
To your success,
Vladimir Ribakov,
Internationally Certified Financial Technician
