In life, there are ups and downs. There are times when the good things just seem endless and you feel invincible. But there are also be occasions when you feel that everything is going against you.
happens in forex trading as well, but it comes in the form of winning
and losing. Winning and losing are a constant in forex trading, but
there are some traders, most especially the new ones, who can only
handle the former.
Winning is all they can cope with, and they
consider losing as unacceptable. This kind of mindset is unhelpful,
destructive, and even self-defeating.
The fact of the matter
is, losing in trading is important, if not essential. If you're not
willing to lose, it will be IMPOSSIBLE to survive in the forex world.
you're having a hard time coping with idea of "acceptable losses,"
here's one technique you can practice to help you overcome your fear of
losing: think of losing as a very, very close friend who is always there
Your closest friend is one who will tell you the absolute truth.
don't beat around the bush to avoid hurting your feelings. He or she
may criticize you or point out something you did wrong, but in the end,
you know your friend means well and is just looking after your
Of course, just like you would with your
real-world friends, you should listen carefully to your losses so that
you can learn and improve on your trading performance.
best traders know they can lose 100 trades in a month and shake it off
because they realize that they can learn something from each of those
They understand that it's simply part of the
business of trading. So learn to accept the friendship of losing and
smile when you lose.
Each loss is an opportunity for you to learn and improve as a trader!