Trading any market combines two things very uncomfortable to any sentient being and that includes traders. First, acceptance of being wrong is hard for any person to do, which is a key to survive in trading because if you’re unable to admit that you’re trade idea is wrong and you’re best to exit the trade, you’re likely to hold on to a losing trade that could take you out of the game. Second, thing remember loss is inevitable.
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Strategy, Strategy and strategy, You must have good trading plan and good trading strategy. Trading plan means when to trade , which trading strategy is to be used ,. Trading strategy should be good that works. Before starting trading you must keep in mind the entry and exit points. To be successful we need solid rock discipline. Free from Fear and Greed , Currency market is more psychological than technical.