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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