Thank you. I think it's important. It's counter intuitive, which is why it's important. That's why most traders loose.
Losses in forex trading can not be avoided but can be mitigated using strict risk management. It is common for traders to make mistakes but they should learn from them. They should learn to analyse their trading mistakes and make changes in their trading plan or trading strategy.
It’s obvious to feel bad about losing money. But after you are done with crying over them, learn to find out what went wrong. A loss comes with a hidden lesson that if understood, can help you in your future trades. It can also help you while building your risk management strategy.
Losses are part of trading. Instead of being afraid of it, one should always remain optimistic about trading and learn from their losses.
It’s more about accepting the truth of forex trading. Losses are real and obvious. So, instead of trying to fight for your lost money, you must try to find out reasons behind them so that you don’t repeat the same mistakes.
Absolutely right, losses aren't that bad even long strings of them. Because failures are stepping stones in life and you must know how to handle your losses and try to overcome them.
Losing trades in the beginning of your trading phase is far better than losing in the later years. Just remember you are losing because you are making mistakes, so take a pause, find flaws and look for solutions then trade again, you will win as sooner as you get the right trading strategy.
Yes, Managing losses plays an important role, one should always analyze the trading loss and review it in order to not repeat the same mistake again.