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Forex question ACHIEVE BALANCE IN YOUR TRADING
avatar BoyceAve
Question by: BoyceAve - 15 Aug 2016, 00:07:12
ACHIEVE BALANCE IN YOUR TRADING
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Answers (1)
avatar user 10430
Answer by: dacepollard - 15 Aug 2016, 00:10:44

Most people don’t understand this concept at all. They want to be right all the time. They want to make money on every trade. Yet that will not happen because losses are a part of the trading process. When you understand the relationship, however, you can come to terms with losses and make them okay. A natural part of the trading process is to have a point at which you must unload a position or trade at a loss in order to preserve your capital. Those losses will happen to most people about half of the time or more. And you must make them okay or neutral. This concept of balance is very important and it applies to any polarity you can think of—not just profits and losses. It's equally important for traders to find balance in their emotions.

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