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johnarnold123

Why You Need to Learn to Lose Properly to Win at Forex Trading - 0 views

forex trading

started by johnarnold123 on 19 Sep 16
  • johnarnold123
     

    Who wants to know
    about losing, no one!  But unfortunately
    losing is as important as making a profit in the forex trading industry. Losing
    money helps you gain the required experience; hence it is important to lose
    properly in order to gain in the forex trading market.



    We instinctively
    try to avoid losses, it is part of being human and we take various routes to
    avoid it. The first step is to accept that there will be losses, you can only
    control the amount and not stop it completely. Just like any business, there
    will be some cost that needs to be invested, view the loss you make as the cost
    of doing business. This change of view will help in taking the losses earned in
    the right spirit, the simple fact of forex trading is that you will make losses
    and dealing with losses is an essential part of your development as a forex trader.



    Most traders feel
    frustrated and pain on making losses and that is natural, but the point to
    remember is that, you do have control on how much you are losing and when. Thus
    if you eliminate surprises, which is possible by understanding the market using
    forex technical analysis and by
    predicting the market with forex news, it is possible to manage losses.



    Never expect to
    win, any trade can lead you to losses, you can never be sure that if you had
    taken certain other steps where it would lead you to, it could be profits or
    losses. There is no certainty in each step, it basically is judgement calls
    based on analysis and experience. The one main consideration during forex
    trading is that you should never invest more than you can
    handle either financially or emotionally.



    Since the forex
    industry provides all necessary information in the form of forex technical analysis and  forex news, the outcome of the trade is
    basically your own single decision and cannot be blamed on others. Thus every
    step taken should be carefully done. This should be your mindset to trade.  



    Once you have
    decided to trade, and your mind is calm and decisive, the next step would be to
    know your losses, understand the amount that you can afford to lose.  Based on this amount, you do your research,
    understand the forex technical analysis provided, keep in touch with the
    existent market scenario, the highs and lows predicted, the economic stability,
    follow the forex news and then decide on the position size. You now have taken
    the most important decision.  It's time
    to take a step back and forget about the trade. The main decision and steps are
    complete, now it's just the result .



    To summarize forex
    trading is like any other business, the basic component is how you look at it,
    the investment made, the experience gained, the preparation done, the risks
    understood and finally the actual step. Thus, it is very important to
    understand your losses and then win the trade.



    For   forex trader                          visit    https://www.integratefx.com/                                                       



    For   forex technical analysis     visit    
    http://www.integratefx.com/technicalanalysis/



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