Remember one thing no one is born as an expert forex trader. All take birth and learn. But what it takes to become expert forex trader. One has to go up the learning curve. The process of going up the learning curve has to be backed by lot of motivation and determination. Loosing trades have direct up impact on your motivation and determination. You tend to forget your paying price to learn. The control what you have is reduce the price you are paying towards learning, trade small in order to have small losses.

While you are trading make notes of your good points and bad points. For example, you were patience enough to waiting for right time to trade and you entered a trade. Your trade was in profit but you landed up losing money in that trade. Good point here is you have learnt to identify right time to enter trade but followed by a bad point, you didn’t stop your trade in profit because it didn’t fulfill your expectation. At a certain point of time you felt you should take profit and end the trade at the same time you felt your calculation says you can make more profits. This is called mental conflict. Here you forgot one thing it wasn’t your last trade of life, taking small profit and covering up in your next trade would make lot of sense. In forex trading opportunities are immense and available frequently. If one opportunity is lost you don’t need to wait for days together for next one.

These metal conflicts such as what to do when and how do it are major deciding factors of your success in forex trading. Be present to this fact and learn to manage it. 98% success is in your mind; train your mind to success.