How to Cope with Your First Failure on the Market?

[IceThor]

Forex is not only the largest financial market, but it's also one of the most difficult markets to enter if you are a beginner. Failure will teach you more than success because of the experience you'll gain. To cope up with your first failure on the market, you need to have patience and take all emotions out of trading.

Some good points made here

 

[PipjappBevy]

It is common to lose while trading, and all traders no matter how experienced they are, lose at some point. However, they always make sure not to lose more than what they could afford. They do so by implementing risk management strategies.

 

[Portatile]

No matter how much you already know that losses are inevitable and you are going to lose a lot of your trades, the first loss is always heartbreaking, especially if it’s a bigger one. The best is to take a break and ask yourself if it was actually that bad or you had expected something unrealistic. Then try to analyse your mistakes before starting again.

 

[Gracy2]

It is common to lose while trading, and all traders no matter how experienced they are, lose at some point. However, they always make sure not to lose more than what they could afford. They do so by implementing risk management strategies.

I agree losses are part of trading and should be taken in a positive way in order to learn and gain knowledge of what to implement in the next trade.