If I may add in…
Success in forex in my opinion comes down to this.
Finding out what strategy works for you.
Testing it til you make consistent profits.
Tweak it to reduce risk as much as possible (it could mean stop loss placement, it could mean cutting losses short)
Proper money management.
Keeping emotions in check.
Have guidelines for each and every condition you can find.
Always remembering that tomorrow is another trading day.
Repeat.
After reading up on tons of pro traders and all, one little bit of info helped change the game for me.
Usually, when people lose heavy, something emotional kicks in and you wanna get back in straight away to recover it?
But once you understand and I mean TRUELY understand that losses are a part of trading, things start to change.
Always reminding yourself that even though you lost the trade, the reason you entered in the first place was because you saw a signal based on your strategy, and that will happen again and again and again so recovery RIGHT AWAY isnt important, reflecting and re analyzing is.
Having confidence in yourself as a trader to cut your losses short and to scope out more trades like the winners you get and not worrying about losses and taking them as a personal punch is something I believe will tilt the scale in your favor.