Jack Bailey#52

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How does fear of missing out (FOMO) impact forex trading?

FOMO drives traders to chase moves they already missed. Institutions place trades based on systems, not emotions, but retail traders often enter EUR/USD after a 100-pip rally, only to get caught in a retracement. Benefits: sometimes joining strong trends captures extended moves. Risks: chasing late entries destroys risk-reward balance. Avoiding FOMO requires planning and patience—set entry rules before moves happen. Forex rewards preparation, not impulse. The market will always present opportunities; missing one is not fatal, but chasing recklessly often is.