The psychology of trading is a big subject.
So let's talk about the fear of trading (the worst emotion for traders).
Fear and trading anxiety in trading is not a good match since fear will most often cause you to make mistakes over and over again.
More mistakes will result in more money lost.
Here's the deal:
Trading can be scary if you don't know what you're doing.
Since money is our tool to make money trading, you must have a fearless mindset when trading. Always follow your trading plan, even when it's scary to take a trade.
Our relationship with money can create fear and pressure that can be hard to deal with when your trading is not going so well. You have bills to pay and maybe a family to support.
Here are five steps on how to overcome trading anxiety and control the fear of trading.