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Loss is inevitable in trading, so you may also learn how to deal with losses.
In Forex trading (as in life in general), there will always be up and down. Most merchants, especially those new in the game, can only remain excited while winning and tend to feel defeat when losses accumulate.
Working with the mentality that the loss is unacceptable can be unhelpful and even devastating.
The fact of the matter is that the loss of trading is important, if not necessary. If you are not ready to accept that the losses occur, it will be so impossible To stay in the world of Forex.
If you are having difficulty dealing with the idea of ”acceptable losses”, here is one of the method that you can train to help you overcome your fear of loss: Think about losing as a friend who is always very close to you.
It is your closest friend who will tell you the absolute truth. They do not overcome the bush to avoid harming your feelings.
He may criticize you or her or refer to something that you have made, but in the end, you know that your friend means well and only takes care of your welfare.
Of course, just as you do with your friends in the real world, you must carefully listen to your losses so that you can learn and improve you Trading performance.
The best traders know that they can lose 100 merchants in one month and get rid of it because they realize that they can learn something from all of those that lost deals.
They understand that it is simply part of the trading work.
So learn to accept the friendship and smile when you lose. Every loss is an opportunity for you to learn and improve as a merchant!
