As a trader i know that if my Analysis is not correct i will loose my Money 
And this is also a reason why i am nervous in some of my Trades
Good day to you. It is naturally that you worry, but try to put the control over your situation. Imagine the sum of money in your wallet that you can just throw away forever and lead trade on this money 9of cours if you brokerās conditions allow mini accounts). This bein nervous should pass after you see stable profit. All in all, youāll also see that fx is not so terrible as seems to you now:) Good luck!
Nowadays I really donāt bother if I am nervous or I am cool while operating. The reason for It is simple: I know I can make money in long term so the actual trade becomes irrelevant.
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No one who can make sure will gain profit in certain transaction no matter how good analysis is. Maybe some expert traders could make analysis which is almost 100% same with marketās movement but they canāt do it all the time. Also, all expert traders will prepare good money management and risk management to limit loss when there is unpredictable movement in the market. So, itās no need to be nervous in trading if you have proper trading plan to follow because profit or loss in the transaction, it is still under control.
Nervous? I think to let trade an EA for you would be the best solution. In this case you will not have a weight of decision of the trade placing.
It depends on oneās perspective, I suppose. Personally, nothing would give me more anxiety and palpitations than letting an EA trade for me. (Do you know anyone who [I]actually makes a consistent living[/I] by trading with an EA, Din77? Neither do I.)
I am not Din77, but I donāt even know the one who makes a consistent profit by trading at all.
I donāt count those guys with 5 messages here, who call themselves āa professional traderā)))
I donāt think that it is good decision to use EA for trading especially if you donāt know about how it works because using EA can cause big loss too if you donāt use it in the right time and you donāt have good money management as your setting. So, donāt use EA with reason that you donāt want to handle your emotion control only because good trader must capable to control his own emotion.
Itās a common thing to be nervous when youāre about to execute a trade. It could be a doubt to your analysis or it might be a call to you to cancel it. Iād rather cancel it than making a wrong decision and stop the trading activity for a while.
I am disagree with you. Good traders shouldnāt be afraid with making wrong decision in trading because no one who can win in every transaction. If you trade when youāre very sure to make profits only, so it wonāt happen when youāre still newbie. No one who can be confident with his decision directly in his first career in trading. Itās common thing to be nervous in trading, but donāt stop trading because youāre nervous only. As long as you have prepared money management and risk management then you donāt need to be afraid with possibility of loss.
There will be never enough strength to trade in this case. Life is full of right and wrong decisions.
We are already here anyway.
I have that same problem but I am beginning to trust my system and itās starting to get easier. I guess the only way for you to overcome the fears involved in trading is to find a system that you can trust.
If you canāt trust your trading strategy it either means you donāt know it well enough and you need to study more or your trading strategy isnāt working for your personality.
I recommend taking the time understand your trading strategy and money management and experimenting with different strategies to and see what works best.
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Agree. Make sure that trading strategy is really suits you well because itās only you who could understand yourself and the way you want to trade.
Very well said, in the whole of this world its only we ourselves who can understand us better and know better. Thus, we need to be true to ourselves and plan our life and also the trades accordingly so that we do not hurt ourselves and life around us.
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Great to see the nervous trade discussion is still alive. I wonder a few months on if the OP is still nervous?
In any case I have to agree with Mr Goneās post in September. Long-term trading is the key to cutting the fear. I literally just posted a thread on Vanilla Options trading, this should save traders from the fear factor but besides that, currency trading is about deviations from the mean. Many professionals run reversion to the mean strategies and have strong statistical based models, so they are basing their entire market ideology on the fact that the market trades around a mean and has standard deviations.
Most traders buy and sell at the mean or around 1 standard deviation from the mean of the price distribution, hence so many losses but in actual fact traders who manage to buy a rising market coming out of a 2nd or 3rd standard deviation from the mean normally make money consistently and vice versa on the sell side. The big issue with short term trading is the bid/ask spread which in most cases is floating and tends to wipe out 3-5 pips in some cases more from the trader on entry and exit this tends to put the trader on a bad footing, so it almost feels like they are always too late or too early, this immediately creates psychological pressure, topped off by the fact that the market moves in the nano second.
In my opinion, the only way to shake the nervousness is to only trade from long term high probability area. i.e. 2-3 standard deviations from the mean. I hope I made a meaningful contribution to the discussion. Remember currencies unlike stocks wonāt go to 0. So I guess we can see the common sense in my point?.. It becomes a question when to buy rather how much.
My advice is to ensure you have a Trading Plan Trade Sheet.
I used to be nervous too especially trading smaller time frames. These move very quickly and the minute you enter a trade, there is a possibility to lose very quickly. This creates a lot of unnecessary tension and nerves. This is one of the many reasons I and others switched to the larger time frames and Swing Trading.
Nevertheless, whatever time frame you useā¦get a Trade Sheet that has rules and checklists to justify each trade. I found that whenever I traded without this, I would be unsure if I had taken everything into account before clicking that button. This uncertainty creates anxiety and fear.
If you have Trade Sheet that you know will provide you with a good trade 80-90% of the time, you will be more confident. It gives you a visual confirmation that you are making the right decision and that everything has been accounted for.
This is what I use.
This guides me through all steps involved in the trade - from analysis to closing of the trading platform as well as while the trade is in motion.
If you use something like this during Demo Account phase and the results are good, then just use it on the Live Account and the nerves will fade away and be replaced by celebration of trading wins.
Good luck
Duane
DRFXSWINGTRADING
Interesting thought Emerald, reversion to the mean, I have seen guys call it the āmoney lineā.
Iām guessing the mid point on a daily, so Eur/Usd currently is down from that level.
Iāve just sort of eyeballed a mean around 1.1100 which, by chance, is the 200 sma and the 100 sma.
By equal chance that level is former support in Jan 15 and Jun 15 , then resistance July, then support Sep, the finally resistance on Oct 28 past.
Will be good to keep any eye to see if price can make it up there in the next month or so - about 450 pips away from now.