Are you emotionally affected by your profits or losses?

Yes, it’s our human nature! But the thing is, professional Forex traders don’t break their commitment after losing their real money! But, immature traders take quick decision for recovering their losing position.

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I lived through my first financial loss on forex normally, all in all I was ready for it, I understood that I don’t have enough experience. I would deposit enough money on the depo, so that it wouldn’t hit too hard on my wallet.

We should be mentally strong in this business because many ups and downs came and loss is the part of every business. We can handle our loss by making some good strategies to minimize the loss.

Professional traders have had years to learn. They were newbies once, they went through the same road and the same hardship and eventually developed their skills. Which is why it’s so important to have both patience and discipline - trading is a marathon, not a sprint, and one needs to take the time and expend the effort to learn.