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It’s time to forget about failures – Forex for beginners from scratch

Good day to all blog readers, trading colleagues, and a good New Year’s mood! Today we’ll talk about how important it is to always be in a good mood, about the fact that it’s time to forget about failures… Failures can be in any of the areas of human activity. But they have almost the same effect on any activity. It does not happen that some kind of trouble has happened in a personal relationship, but at this time a person rejoices at success at work. But we are more interested in trading and everything connected with it. Any, even minor, trouble in trading can lead to serious consequences. Is it possible not to think about failure?

Is a losing trade a failure?

We are all different and perceive the same event or phenomenon in different ways. For some, a losing deal is almost a tragedy of a universal scale. And someone calmly treats losses, perceiving them as an integral part of work in the markets. But most traders perceive the recorded loss as a personal tragedy and unpleasant failure. It is not the desire to receive losses that leads speculators to the decision to wait for the floating loss. That is, in the language of traders, this is called a drawdown. The fear of losing even a little money leads to deep drawdowns. As a result – big losses or loss of the deposit. For experienced traders, though, a losing trade doesn’t mean failure. The loss will subsequently be offset by a good profit.

Series of losses

And if there is more than one losing trade? If there are several in a row, then is it a failure? A losing streak will not cheer up even the most experienced traders. This is a sign that the market has changed now. The trading system, which previously brought profit, needs improvement and optimization of parameters. Such a phenomenon is unpleasant for everyone, but it should not be considered a personal failure. Sooner or later, all traders face this. Don’t be overly upset or depressed. This will not help in any way the fastest restoration of psychological balance and effective work. Whatever happens during the trading process, you need to remain calm and sober.

Small failures do not affect statistics?

There are many factors that affect trading performance. The most important factors are psychological stability and psychological balance. Any minor nuisance in another field of activity can significantly affect the making of a trading decision. Errors in making trading decisions almost always lead to unpleasant losses. This is why it is important to always be calm. You need to learn to forget about any troubles before sitting down at the trading terminal

Self-hypnosis and trainings

It is very important to always be on the positive wave. If a person has a positive mood, and he is only tuned in to the positive, any troubles will not be able to unsettle him. That is why it is important to learn how to switch your mind to the positive. In any situation, even a very unpleasant one, you need to look for something good, positive. One of the options for working with your psycho-emotional state is consultations with practicing psychologists. They can advise on the necessary trainings. If you want, you can try to work on your own perception of events. In any case, you need to know how not to react to small stimuli, on the way to a big goal.

Yours faithfully,

Vitaly Pryadko.

December 30, 2020

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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