Did you know that trading is really 90% psychological? I bet you did not.
Before, you deem this statement as fictitious. Here is a scenario for you to ignite that trader’s psyche of yours.
You have just entered a new trade in Forex, recommended by a reputable source. However after a period of time, the market goes against your position. This is the trade that was promised consistent returns, before. But now you are losing money, fast. What is your course of action? What is your immediate response to this situation?