The 5 types of FOMO trades! How to beat FOMO in trading!

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The 5 types of FOMO trades! How to beat FOMO in trading!

Рет қаралды 12,465

Күн бұрын

Andrew Lockwood explains the 5 types of FOMO trades in detail. Once you are able to identify these, you'll be able to control and even beat your FOMO. Traders deal with FOMO all the time. Andrew has been a trader for over 30 years, and every decade he has seen some stock or asset class being hyped. Whether it's internet companies, cryptocurrency like Bitcoin, trendy companies like Tesla, or meme stocks like GME or AMC. It also affects all different types of trading: day trading, swing trading, and price action trading. Giving in to FOMO can lead to disastrous trading results.
The trader psychology is just as important as your trading strategy. Without the right trading mindset, you will never be able to execute your trading strategies flawlessly. If you want to learn how to trade like a pro, this is a lesson you cannot miss. All the lessons in this video apply to both forex trading and stock trading.
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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Пікірлер: 65

@ForexSignalsTV 3 жыл бұрын

Looking for a simple & reliable trading strategy? 🔥 Check out our FREE Naked Trading Strategy: kzfaq.info/get/bejne/iN1onK-EvdydZX0.html

@dolphinchase7221 3 жыл бұрын

Forex/stock trading can be really profitable and very disastrous as. But with the right techniques,proper risk management and experience good returns are ensured while bringing losses to the least minimum

@guillaume-alfredpierre5642 3 жыл бұрын

Been interested in stocks and crypto myself but don't know how to go about trading it yet I already lost 5grands trying.

@dolphinchase7221 3 жыл бұрын

What most people fail to remember is that before venturing into any form of investment it's advisable you carry out personal research so you get accustomed to how it works and also what works for you because in trading there are lots of working strategies and principles out there but you have to know which one works for you You primarily need to know the ropes

@blairryan2432 3 жыл бұрын

That's true 100% Would KZfaq videos count as research? as I've watched tons of videos trying to figure out what it is about but end up compounding my confusion. I mean lots of beginners out here don’t even understand the charts let alone how to read them

@tenganryo3036 3 жыл бұрын

KZfaq is good but no one here is going to guide you through the process If you really want to profit from stock trading then you'd take out time to properly learn how to trade following online courses or better still get an expert/professional with good market experience to assist you Personally I would go with the later

@peethoen7625 3 жыл бұрын

Honestly I don't have the luxury time to enroll for courses and follow charts sitting glued to the screen I'd rather go with the idea of an expert I lost over $10,000 trading myself but now on the recovery part working with a professional

@DeWayneHensley 3 жыл бұрын

EVERYONE needs to hear this !

@vishalhinduja2026 3 жыл бұрын

As always, its very delighted to watch and listen to you and your teachings here and live everyday inside the room. You are the best mentor i would have ever found in this industry! You are inspirational.

@sunset33533 3 жыл бұрын

The book "30 Days to Overcome Fear of Missing Out" is helpful

@j0s3f4m1ly 3 жыл бұрын

You hit it in the core Andrew. I experienced all what you said. Moving on i am slowly learning to address it one by one. Thank you.

@jiffhill8246 3 жыл бұрын

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status..

@richardc3312 3 жыл бұрын

I have done all your mentioned FOMO trades lol. The worst one is going 2 days and not seeing a trade and jumping into a bad trade to have a trade. Great video.

@richardparker9347 3 жыл бұрын

You are brutally honest and correct.

@khautantitsane9933 3 жыл бұрын

There is a difference between a follower and a scholar. A scholar learn to improve his/her view but still follow the rules of the trading strategy while a follower accepts everything that comes across without sticking to rules.

@tomiwaemmanuel4217 3 жыл бұрын

Thanks man. U my biggest motivation

@roich1234 3 жыл бұрын

As allways very interesting and educational videos. THANK'S ANDREW !!

@angeloherbst6171 3 жыл бұрын

Wow... just what I needed.. as I'm experiencing that... Thanks 👏👍💪

@asimjhm 2 жыл бұрын

Very well explained by a experienced professional.

@goranferlin3797 3 жыл бұрын

Actually i did all thoose mistakes in the beginning that u said, lost money, now i think different

@jiffhill8246 3 жыл бұрын

@mematinshaikh 3 жыл бұрын

Keep making videos like this 👍🏼

@profitablefxtrader 3 жыл бұрын

Thank you. highly informative.

@bilgehantirpanci 3 жыл бұрын

FOMO is emotional behavior and exciting the Trade - Calm And relax the main Point 👏

@berrykurniawanma4758 3 жыл бұрын

building this kind psychology can only be obtained by experience and never give up

@masoudakhlaghinia8058 3 жыл бұрын

You are doing a great job. please keep going

@wiredunash4540 3 жыл бұрын

I am an aspiring trader but the broker/educator I fell on has blown up my account of 900 euros in a day without my consent. but I have been watching your videos and I am encouraged that I can become a successful trader. thanks for your honest and hope you can help me. I'm Franklin from Italy.

@antoniuss6967 3 жыл бұрын

After this video was published, bitcoin still higher and higher. Even rising wedge pattern which is bearish, it break up. Sometimes FOMO can save your life.

@aliahmed-cm5xh 3 жыл бұрын

ur the best really from lebanon but plz go crypto trading its people currency

@asask5544 3 жыл бұрын

About crypto, i buy when everyone is selling and i sell when everyone is buying,and of course i need to be patient too after took a trade

@JustTsoanelo 2 жыл бұрын

lol this is the best video it really helped me alot

@ForexSignalsTV 2 жыл бұрын

Thank you for commenting. Stay tuned for more!

@antonysodium8381 3 жыл бұрын

All facts!!

@realghoststoriesworldwide 3 жыл бұрын

Hi Andrew I am a brand new trader, i have lost about £500, then a came across your trading course, so I decided to give it a go I am struggling a bit but I have traded my live account for a demo account so if I lose it doesn't heart so much and I am starting to learn from my mistakes I hope. great video many thanks.

@jiffhill8246 3 жыл бұрын

@spmastertrading1741 Жыл бұрын

🤣🤣🤣500$ or 500 000$ if you loss 500baks is part of your education is not money ...🤣🤣🤣🤣 that money we spend for cofee and bagel...🤣🤣🤣

@waterridsoffstress5243 3 жыл бұрын

FOMO I'm in kind that

@vytautas5069 3 жыл бұрын

Great video 👍 Any thoughts about Yuan, the great reset future currencies digitalisation!?

@eltoncoutinho3279 Жыл бұрын

fomo gets in my way with entries I anticipate bad entries outside my setup I think I'm afraid of losing a trade any tips to help me

@ForexSignalsTV Жыл бұрын

Hi there! You can improve your psychology inside our academy. Feel free to register for 7 days free trial at www.forexsignals.com/

@andyashmid7028 3 жыл бұрын

i just sold my options taking profits. I am having Fomo in the sense of it running up more in the future and potentially missing out on 100s in profit. How can I get over this? Also what do you think is causing this ?

@brownsonbrown6068 3 жыл бұрын

Very Very true. 100%

@arunahemapriyakumarasinghe9979 3 жыл бұрын

Eurusd up or down plz tel me

@MackJoseph 3 жыл бұрын

Eurusd Down usd gaining strength overall for a couple weeks maybe even a reversal. Disclaimer: I’m not a professional trader trade at your own house risk though

@theadvocate2125 3 жыл бұрын

I have all those Fomo trades

@roblunn12 3 жыл бұрын

I think my record for trying to catch the swing when it goes the other way is six times 🤦🏻‍♂️

@agedvagabond 3 жыл бұрын

You should use Elliot wave principle its really effective, I haven't used it much on forex but indexes it works really well. The thing about swings on forex is some pairs are trending pair and some are mean reverting pairs.

@Vae07 3 жыл бұрын

FOMO trigger...you see a big momentum move and enter to try catch some pips only for it to reverse on you😂

@Vae07 3 жыл бұрын

@@forexsignalstv9890 nah you just trade and give me the huge profits

@brianlaforge9872 2 жыл бұрын

Im hating myself rn. I wish I want so scared to go big on my tades. under pdy so its not like I can over trade. when I swing trade I lose so I take day trades but always take tiny profits and big losses. too scared of loss to trade anymore. took a trade today and made a tiny5bucks cus it was going sideways and I got out. the it wemt up for the rest of the day. all the way up. but I couldnt take it cus no more day trades and cant chase... pretty hard place to be

@ForexSignalsTV 2 жыл бұрын

Hey Brian, thanks for commenting. Please visit www.forexsignals.com and you can find further information about it.