By: Jay Molina

From: http://myfxventure.com/
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 Quite a few books have been written on how to make money in the
market. Many of these books can be really useful when you are trying
to learn new techniques to profit from the Forex. However, what you
don’t see often are books or articles that teach you how to respond and
take losses.
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 Foreign currency exchange trading can lead you to become a very
successful investor as long as you educate yourself and strengthen your
trading skills. Learning how to take a loss is one of the most important
lessons you will learn as a trader. In this trading article I would like to
share with you 5 ways to make the most out of your trading losses.
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 Accept the fact that every trader has losses: This is something that
many beginner traders have problem understanding. The Forex industry
is so full of gimmicks that many newbie traders believe false claims such
as “Win 100 % of the time” or “This trading system has no trading
losses”. The truth of the matter is that every trader has trading losses,
even the professional traders. What makes the difference is the way how
successful FX traders manage their risk and protect their trading
accounts.
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 Analyze your losses and learn from them: Trading losses are just part
of the Forex trading game. I have always said to my traders that you learn
more from your losses than from your winning trades. The only way to
improve your trading skills and take your career to the next level is by
learning from your trading mistakes. Success is made out of small
mistakes that allow you to make adjustments to your trading along the
way.
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 Keep a trading journal to record all your trades: A trading journal is a
record of all your trading positions. A well written trading journal will
keep track of at least: all your trading positions, the profit and loss
percentage, the pips loss or profit, the time and date of the trade, the
entry, exit, stop loss, and take profit parameters.
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 A trading journal will allow you to go back and analyze the trading
strategies that are producing the best results and the ones that are
performing poorly. I always record my trades so that I can analyze them
by the end of the week and find ways to improve my trading strategies
and systems.
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 Last but not least, having a trading journal will help you to spot your
weaknesses as a trader and find the best ways to improve them. A
successful trader never stops to learn, and never stops to improve his/her
trading skills.
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  Trading losses don’t create losers (it’s actually the opposite): It is a false
belief that only unprofitable traders have losing trades. The best traders are
the ones who learn from their mistakes and don’t let their emotions control
their trading. The best way to never lose your shit is to use strict money and
risk management and always plan your trades.
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 Foreign currency exchange trading can become very easy once you have
learned how to manage your risk and have developed an excellent
understanding of the markets.
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 I look forward to writing more useful articles to help you become a better
Forex trader.
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 Best regards,
 Jay Molina
 Pro Forex Trader & Educator
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 Get a FREE copy of our $2,000 Forex trading course, the Smart Trader Pro,
Click here now to get yours!
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