I know most people who have fear in them don't take risk and this has made them to loss so many opportunities but in trading it is better before people must take risk their should be little idea or understanding of what one is into. It does not make any sense one is taking a risk and have no knowledge, I think at this point it is beyond risk but waste of money in trading. That is why I don't really blame people who are scared of losing their money , the fear might be that this set of people doesn't really know what they are doing , so they know very well they have more chances of losing because they have no knowledge of what they doing.
It is good for people to take risk when they are knowledgeable of what they are doing , even if they lose in the first time they will still win in the process of what they are doing.
Fear has killed a lot of bright ideas, this is due to lack of confidence or even fear of losing money. But then there’s no harm in trying to test one self, after all the only best way to find out is to try. Same way fear kill ideas, it also makes one to be careful in dealing with their actions. Cause no one love the concept of losing and to avoid losing hard earn money especially in this present economy crisis in the country, you will learn to trade with caution and even the zeal to learn more to be better at the job. Though trading is about profit and loss and you can’t always make profit on every trade you make, you should be able to learn from your lost to avoid future mistakes.
Knowing how to manage your losses is important because it helps to understand the value of your money and how to maximize your profit. Knowledge is power, you need to have knowledge or idea of what you’re trying to involve yourself in and not just following the crowd. So fear should not be a barrier to entry into trading, once you know what you’re doing and you do it well. And you know the importance and value of your money then you will know proper way of managing your risk.