In the world of forex trading is indeed the name of the risk for the loss can not avoid, but if often suffered losses to continue then often traders felt did not receive. This is the role of the psychology of traders. This could create a centralized trading system already specified and will be applied, and if not corrected immediately for it will be increasingly troublesome traders both in terms of psychological as well as on trading results were bad. If it doesn't get the idea to get out of the problem traders it could just feel frustrated and lost control of his trading.
Below there is a discussion of the importance of one of the forex traders who have been successfully overcome psychological problems because of the losing streak. Some emergency actions already on the write down by him so that traders are not subjected to stress and frustration. PC trading bounced back to normal again.
1. Briefly to break
At the moment you are experiencing frustrating or messed up your mind after getting a big loss or streak, then stop immediately your trading activity. Because it's time to rest your mind and physical. Soon forget trading position has just become losers. If there's a trading position still open let alone, to abide by the rules of your trading.
The purpose of this break so you can get a clear mind about the future steps to rise. This way is often not in care about the trader.
2. Search the cause of loss streak
Suffered losses consecutively could have caused several factors e.g. indeed chaotic mind, stress, and lack of discipline. Such mental pressure could make traders continue to fall in the wrong way of trading such as over trading.
If it is not in the search where your trading mistakes, your mind still remains that your trading way above is still true. Still also to continue opening up positions again. This is what can make people neglect and loss streak.
3. Create a trading journal
Once you understand the layout of the errors that have already occurred in previous trading systems, then the more you review the plan of trading or trading plan that you have selected. Meticulous in your trading journal in a period of consecutive losses. Is it just right with the target quantity losses on specified or even greater than the target's losses. If your loss exceeds the target, then your trading system need to be fixed again.
Below there is a discussion of the importance of one of the forex traders who have been successfully overcome psychological problems because of the losing streak. Some emergency actions already on the write down by him so that traders are not subjected to stress and frustration. PC trading bounced back to normal again.
1. Briefly to break
At the moment you are experiencing frustrating or messed up your mind after getting a big loss or streak, then stop immediately your trading activity. Because it's time to rest your mind and physical. Soon forget trading position has just become losers. If there's a trading position still open let alone, to abide by the rules of your trading.
The purpose of this break so you can get a clear mind about the future steps to rise. This way is often not in care about the trader.
2. Search the cause of loss streak
Suffered losses consecutively could have caused several factors e.g. indeed chaotic mind, stress, and lack of discipline. Such mental pressure could make traders continue to fall in the wrong way of trading such as over trading.
If it is not in the search where your trading mistakes, your mind still remains that your trading way above is still true. Still also to continue opening up positions again. This is what can make people neglect and loss streak.
3. Create a trading journal
Once you understand the layout of the errors that have already occurred in previous trading systems, then the more you review the plan of trading or trading plan that you have selected. Meticulous in your trading journal in a period of consecutive losses. Is it just right with the target quantity losses on specified or even greater than the target's losses. If your loss exceeds the target, then your trading system need to be fixed again.
Important Actions if Losses in Forex Trading
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