Losses

No matter how successful a strategy, losing the occasional trade or at times entering a losing streak is just part of business.

The successful trader has confidence in his strategy. He knows that a losing streak is a short-term setback from which he will soon recover. He knows he has to let go of his last trade and focus on his next opportunity.

To win at currency trading, you need to accept and take your losses. Most traders never acquire inner confidence and therefore never have discipline to ride out losing periods. When you demo trade extensively before going live, you build confidence in your strategy.