Accepting losses in forex trading very important and is one of the main characteristics of a successful trader. Traders should know the losses are the inseparable part of forex trading that can not be avoided 100%.
Have a solid hold on the fundamental factors of the forex market. This will help you understand the nature and the working of the market.
Trading psychology is really important. But I think it is very difficult to develop such kind of mindset. Can you share some tips on managing emotions while trading and going getting along with them?
Successful traders know the market, they have befriend the market and understand it nature and mechanism. And to be the one, it is necessary to have in-depth understanding of the market.
but successful traders actually don't know to predict the real faction of this market with certainty. they just have good knowledge and experience.
there is no way to become successful trader until having pass a long time in there. this is very clear message.
According to me, patience is the key. In order to find the best entry and exit points for their strategies, traders must wait patiently. However, when the time is right, they must move quickly.