Trading FOMO – How to avoid it? [Video]

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Psychology

Fear of Missing Out (FOMO) can cloud your judgment and lead to hasty decisions in trading.

Fear of Missing Out can cloud your judgment and lead to hasty decisions in trading. Stay disciplined, stick to your strategy, and remember: patience pays off.Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

Kabosu, the popular Shiba Inu dog that inspired the logo of the largest meme coin by market capitalization, Dogecoin , died early on Friday after losing her fight to leukemia and liver disease.Dollar traders lock gaze on core PCE index. Eurozone CPIs in focus as June cut looms. Tokyo CPIs may complicate BoJ’s policy plans. Aussie awaits Australian CPIs and Chinese PMIs.

Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and... The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

 

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