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How Do You Motivate Yourself As A Forex Trader
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[QUOTE="Lens1000, post: 250505, member: 37726"] In forex losses are inevitable and there's no way you could trade forex without recording some amount of losses. If you are in forex and you believed that you will make profit all the time, that's a big lie. You must be trained on how to accept losses. It is true that if you lose in a particular trade, there's every possibility that you won't come back tomorrow to trade. The onus lies on you to manage the risk that is involved in forex trading. It is advisable to trade just 1% to 2% of your account. this will allow you to keep coming back into forex trading whenever you lose because the amount of money that you would lose will be very minimal so that you won't have the cause for alarm. Basically, it is very important that you should take into cognisance the amount of money that you will put into forex trading because it is a very risky venture. Mostly, if you do not know how to carry out the technical and fundamental analysis of the forex market. if you know your way around the risk management in Forex, then you will be able to minimise losses and you will keep trading. [/QUOTE]
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