In order to gain an advantage in Forex trading, the skills that you need to acquire are discipline, emotional control, patience, and the right mental attitude toward losing. It is about how you respond to emotions such as pain and pleasure, greed and fear – as and when we make and lose money.

As much as it is about estimating the highest probability of price fluctuations, the lowest entry point and the highest ext point, there is always a risk and a chance of losing. You must accept the consequences of losing or being stopped out in the market. Lacking emotional control will cause you to experience pain whenever your account goes negative and experience pleasure whenever the account goes positive.

As a beginner trade, focus on the process and not the immediate profit or loss. Trade understanding the current economic environment and set goals that are realistic. Not only will this help you achieve goals, but also reduce the chances of loosing you money within the first few trades.

Forex Traders Mental Mindset And Emotional Resolute post from Forex Trading Blog