Managing losses and risks effectively is the main challenge of trading. But, you cannot survive in this risky market if you are unable to properly manage your losses.
loss is a very common thing that we the traders always have to face , after having most powerful analyzing trade knowledge there is no one who ca avoid it.
Every trader has to face some challenges as the market is not stagnant and changes every minute. A trader must know how to face a challenge and cope with risks while trading.
challenge as a forex trader is to keep up with positive attitude daily and having consistence learning without any setback
learning is important but any kind of learning can be useless if there is no regular level of practice.
as a best part of learning traders should take demo account seriously , otherwise the learning of result can be useless.
That also require traders to have the right mindset to accept the challenges and work on them with a positive attitude.
a perfect mindset is really important in trading life to lead everything is perfect , also important as well real life.
From my personal experience, the biggest challenge is to control greed and emotions. You can’t control them overnight; they require some serious efforts and refactoring of the get-rich-quick mentality .