FOMO is an acronym for the phrase “fear of missing out”.

Originally used by cryptocurrency traders, It refers to a phenomenon in trading that causes investors on the sidelines to jump into an already overheated bull market because they don’t want to miss out on the gains they could make if the move continues.

It’s a psychological trait that traders must learn to keep in check if they’re to be successful because FOMO causes you to make emotional trades that are more likely to lose you money than to see you profiting.

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