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That’s true. There is no one perfect in this world. Everybody makes mistake. But trader should learn from that mistake and never repeat it again.In forex trading business many traders, many traders faces loss. Though facing such losses are a part of our forex journey, but not every trader can take such losses positively. Many traders becomes impatient and emotional while trading and that will really hurt the trader's performances even more.
When a trader will face such losses, the traders approach should be to learn from their losses, and should take such losses as a lesson to learn from, and when a trader will learn in this way, that will surely give the trader's the skills with which they can trade better and make profits better and such skills will help to make them a successful trader to.
That's why i feel that in forex business,. this phrases suits completely that the failure builds the pillar of trader's success.
That’s true. Mistake is in human nature. But doing same mistake again and again is kind of stupid.Mistakes can be useful if we learn from it. Every mistake has some lesson to learn. Unfortunately most traders do not learn from mistakes. Again and again they make same mistakes.
Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.We can't put stop loss just by percentage. Stop loss should be based on your strategy and where the next support and resistance level is. You also need to consider your take profit and what is the possibility of hitting the take profit.