Sunday, July 26, 2009

Forgive Yourself


Trading anxiety can be a problem for forex traders that have suffered from serious losses. Anxiety can cause a loss of confidence, fear of mistakes, and take away your ability to be objective.
If you find yourself feeling sick and upset over your forex trading account, it’s likely that your risk management is not tight enough. To overcome this, you have to make a plan. Sit down and outline what you think you did that put you in the position that you are in. Once you have identified the mistake, make a trading plan to correct the mistake and make a note of how you will avoid this happening again in the future.

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