Each Foreign Exchange Trader Needs To Master Whether A Technology Can Succeed And How To Master It.

To become a successful foreign exchange trader, you need to learn a lot of skills.

But every trader must master a technology to succeed in this business.

In other words, this is a technology to accept losses.

You can have the best trading system in the world, become the most regular trader, know all the candlestick models, but the market will always develop in that direction.

You can’t tame it. You can’t control it.

This is the simple reality of the market. Most of the seminars and marketing information on leveraged product trading in the market ignore this point.

Therefore, if you lack the courage to bear losses, you will sweat profusely and pray to the mayor and God to turn your losses into profits.

When I asked the praying traders what would happen in the end, he consistently replied that they had lost much more than they wanted to.

If you want to hone this technology, you must know why most traders like you have to fight against trading losses in the first place.

There are two reasons why traders find it difficult to accept losses.

1. They’re afraid to lose money

If we see the struggle to accept trading losses at face value, it is because we are afraid that traders will suffer losses.

You made all the plans and started trading. For example, it is good for you and suddenly turns red.

What do typical traders do?

They are moved or deleted from the beginning to prevent damage. Why? Because it is painful to close a losing transaction and lose money.

In their minds, they are sure that their analysis of the market direction cannot be wrong. It’s just that the marketers are looking for stop loss points, and then the candles will reverse and print in their direction.

Sometimes they are lucky. But otherwise, negative trading may continue and profitability will never be restored.

If smart traders are not afraid of losing money at the beginning, what will make them lose money?

Perhaps the correct question is, why are traders afraid of losing like infectious diseases?

2. They trade at unbearable losses

When traders use rent and borrowed money to fund trading accounts, such as any money they cannot lose

They try to create challenges for themselves. First, make money to pay loans or bills. Second, we should create profits for them.

This challenge will bring you emotional pressure and make you unable to relax, because it will imagine all the bad things that will happen when you lose money.

When our novice faces loss trading, all he has to do is break all the damn rules and refuse to close loss trading. Because he can’t bear the loss.

They do not seem to realize that if they do not accept failure, they will fail. They are generally very big.

How to accept trading losses.

Readjust your trading psychology.

Trading is closer to a psychological game than learning to read the mechanical aspects of charts and the basic geopolitical factors that affect the market.

Only when you are sure that you cannot master enough trading knowledge to control the market can you learn to accept losses. It goes wherever it goes.

What you can do is build basic trading techniques. For example, read technical analysis, price trends, and then develop trading strategies. In a certain number of transactions, your profits can make up for the losses.

conclusion

Trading foreign exchange and other leveraged commodities(cryptocurrencies, differential contracts, options, stocks, commodities) is not as easy as advertising.

The market is cruel. Every trader wants your money just as you want their money.

As a trader, you should modestly bear small losses. Because I am sure that the great victory will eventually make up for the loss. You can succeed.