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Trading Psychology: Fear Of Missing Out on GOLD

Education

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

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riskmanagement tradingpsychology tradingplan priceaction fearofmissingout

Hello everyone:

In this quick video I will go over the infamous emotion of fear of missing out in trading.

I will explain why traders will go through this emotion process over and over again, and what their thought process behind it.

I will then share my experiences on how to deal with it, and provide some tips on how to eliminate this type of thinking process as well.

Thank you

Price action analysis, live market update, Group Q/A, educational videos/lessons.
Telegram: https://t.me/aeristrading
YouTube: https://www.youtube.com/user/jojofang0901
Myfxbook: http://www.myfxbook.com/members/Aerisfang/aeris-trading/7763187

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Comments

Awesome content. Thanks a lot.

Krischandra2020

@Krischandra2020, Thank you, glad you enjoy it.

Just rewatched this video and got even more out of it the 2nd time. Hopefully I can become an ex-FOMO trader

Seandeleer

@Seandeleer, Good stuff. Keep your emotion at bay is key to trading success. :)

Thank you for sharing this analysis. Very helpful

FelainiM

@FelainiM, No problem :)

have just joined your telegram channel. Thia was eye opening, its the nonsense ive been doing. Ive given back tonnes of $$$s back to the market because of fear of missing out

Goddie

@Goddie Hello, glad I can provide insight to you on this topic. Work on controlling our emotions will be the best thing as a trader to master in order to be consistent and profitable in the long run. :) thank you

helpful analysis, I didnt get in either on that impulse to the upside but have held off buying at the current prices. Sometimes its best to just have patience and NOT take a trade.

vitivou

@vitivou, Certainly. Trading is mostly being patient and wait for the right setups to happen. I definitely want to wait for more development in Gold before considering any buy or sell. Thank you :)