Don’t Trade Based on Emotion

To be successful in Forex trading, you must be emotionally detached from your trades. Do not try to hold on to a weakened position with the hopes that you will regain your losses, this is an exceptionally bad move because you will end up losing all your capital; move on to the next trade and accept your losses. As a novice trader you need to master your emotions because it will push you to make the wrong choices. With total control comes discipline, do not give up before you are able to produce fruitful results, like with any other prospect, the time you devote to learning the strings will pay off; don’t let your emotions and frustrations override your clear judgment.

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