Don't always plan for a 100% positvie trade outcome
Being consistent in forex trading is pretty possible but its as hard as working in marketing business.
Sometimes we will on Top and sometime in lower position. The main things that you have to do is just trade in good condition both market and trading strategy.
In trading forex there is always uncertainty that we cannot always predict the forex market. But as a trader we need to have the best mindset possible knowing that anything can happen in order to be successful.
There is nothing like a 100% positive trade; you loss some and profit some in forex market.
There is nothing like a 100% positive trade; you loss some and profit some in forex market.
This is the practical situation of the forex. Forex is very lucrative business if you have the knowledge to trade the forex- this is a well agreed fact. It should also occur to you that losing in the forex is a sound reality too. So rather than banking on a 100% positive trade (which is no much different from a fantasy), you should expect and not only expect, you should prepare for a loss too. Always ensure you use your stop losses, if the losses must happen at least the trader should control them.
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Forex trading is not all about making money- or necessarily all about the profit, it is also about minimizing losses. It is true as it is that simple, you cannot be said to be negative when you anticipate losses- no one is a prophet of doom if he starts planning how to reduce the effects of a catastrophe even when it had not happened. This does not mean he is not wise enough to invest their proactive energy in saving the calamity- but in all your positivity- you must try incorporate how you could survive a shock in your plan B. This is how it works in the forex as well. When you make your decisions when trading, please make sure you are not 100% planning for a positive outcome. Have some little reserve to protect yourself for a possible negative reverse in the forex. This is the foundation of risk management.