Forex Obsession with the market

Many traders become obsessed. They can't tolerate any loss. As a result they open revenge trade and lose more money. They don't understand that in trading loss is common. Accepting loss is the key. It's all about risk/reward ratio and winning ratio.

 

Forex market is a place of losses. Loss is a must thing in this market. A trader doesn't know what will happen in future. So, when he is going to place a trade, he should think about the losses he may face. Before starting the trade he should make his exit strategy. He should plan that how much he can afford losses, when he should exit from the market. I am also a trader of [removed]. I always make my exit strategy before I enter into the market. My broker helps me to make my loss affordable by stop loss.