yeah, see the success of others will evoke our spirit to be success to like seniors. but we must know but a seniors or master trader has feel the bad experience like us as newbie trader and thier learning from own mistake.
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Self esteem is the most important thing in forex trade. No matter what condition you go through you always need to believe in yourself and have respect for yourself. Even though we suffer loss, we need to take it as the lesson. We need to look for our mistakes and make sure we don't repeat it again so that we have to face loss again.
This is a quite good idea. By this we never go under any type of depression. You can get motivation in this forum because here you come in contact of many people who share their ideas here, benefits drawbacks, from that you can make your own way to trade.
My my point of view it is better to not to trade in the forex for a day if you get a major loss. That will keep your mind fresh. Just talk with your family and enjoy with them by watching any movie. That will definitely reduce your stress. After that you will get motivated for trading again.
well give some time off to your self ...do some other activiteis for one to two days then comeback fresh and start again.. if you continue while you are mentaly down you face more losses so when your mind is fresh again you will able to understand it more better than before
I get motivated because I think of the loss and say to my self that what if I trade in the opposite side? then I could have won what I have loss. so I must analyze my loss and then learn from it, and then reverse my prediction the next time. and also I see a lot of good strategy in this forum, so I get motivated by it too.
I think to keep me motivated, I know the history of the successful trader in forex who continue to learn and not desperate to finally be able to profit consistently, but it is learned gradually..
yes its true and sure it give motivation and its also happen to me . actually when our few trade going to wrong then its hard to keep motivation but if there is few profit again then our lost confidence and motivation comes again. so after lossing we need more concentration to gaining again which give up quick recover lost hope.
In case of losses or Margin calls it is very important to stay motivated so always take a short break and try to rejuvenate yourself and talk to your friends and fellow traders and then come back to trading after doing proper study and analysis.