Lens1000
VIP Contributor
Forex is no doubt a risky venture and when you are about trading, you should have at the back of mind that losses are possible just as you aim to make profit. When the bad comes , take it in good faith, don't be a cry baby.
The ability to take losses is the onus that financial should be aware of. You must know how to take losses if you want to be a successful trader. Your market predictions can't be right all the time.
The big names in the business world lose sometimes. The Warren Buffet , Elon Musk of our time losses sometimes, as no one is perfect.
However, there are times when you will pull successful trades consecutively and when that happens, believe that loss will come someday. If it comes, take a break until you have regained a clear mind and the ability to think again.
The key is to stop trading when you record a loss before a small losses becomes a big one
Losses are unavoidable. Get over the loss and move on to the next trade.
The ability to take losses is the onus that financial should be aware of. You must know how to take losses if you want to be a successful trader. Your market predictions can't be right all the time.
The big names in the business world lose sometimes. The Warren Buffet , Elon Musk of our time losses sometimes, as no one is perfect.
However, there are times when you will pull successful trades consecutively and when that happens, believe that loss will come someday. If it comes, take a break until you have regained a clear mind and the ability to think again.
The key is to stop trading when you record a loss before a small losses becomes a big one
Losses are unavoidable. Get over the loss and move on to the next trade.