Real Forex Traders Learn To Like Losses

You must learn to accept losses as a forex trader. Period. Don't be a whiner. Learn to accept defeat.

One of the most crucial lessons you must acquire if you want to survive as a trader is how to take losses. Nobody is completely correct all of the time.

It is unavoidable to suffer losses. Even Michael Jordan and Tiger Woods, who are considered the finest in their fields, lose sometimes.

There will be trading streaks in which you have a string of profitable deals, but they will eventually end and you will lose money.

It's critical not to lose your cool at this time; you must maintain self-control. Man, I don't have a cow.

Pause for a moment. Relax and calm down. Take a calm pill buddy.

Stay out of the market until you've regained your composure and the ability to reason again.

The key to minimizing losses is to act immediately before a little setback becomes a major setback.

I will say it again. The key to minimizing losses is to act immediately before a little setback becomes a major setback.

Never, ever, ever, ever believe that you will never lose. That is completely absurd. Losses and profits are both a part of the trader's universe.

Losses are an inherent part of life. Move on to the following deal after you've recovered from your loss.