In forex trading, there's a time when we experience loss or even Margin Call. Usually our mental are down and sometimes we can't rebuild our mental.
So how to stay motivated eventhough we get loss or MC?
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In forex trading, there's a time when we experience loss or even Margin Call. Usually our mental are down and sometimes we can't rebuild our mental.
So how to stay motivated eventhough we get loss or MC?
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
Regularly reading forex related artcles and books is a good way to motivate ourselves. when i face a big loss i remain offline and indulge in watching a good movie (my hobby) it refreshes the mind. later i would try to recollect what went wrong, it may be my mistake in analysis or some events which change the course of the market. and i start fresh again accepting the loss
forex has many ups and down . . And in this situation many traders loose their patience and got frustrated. . .to prevent ths situation u need to develop positive attitude and regular learning...frm ths u can psychologically strongly and u can face any setbacks..self motivation only when u hav good psychological stands up
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.
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.. :good:
the best way to keep yourself motivated is to take plenty of rest and trade with an alert mind only, not just to trade but to earn something out of the trade, a stronger trend gives more money than a weak trend which is also risky