Problem:

๐Ÿ”ด Repeated losses undoubtedly push many traders into a spiral of remorse. You will find many honorable traders who have had frequent losing experiences resorting to a strategic approach of self-flagellation, which brings them to the stage of frustration that ultimately leads them to self-destruction. As time passes, the situation worsens to the point of psychological burnout, as many traders adopt a method of trading that involves a lot of psychological pressure. You see someone buying a currency without prior study except that he heard so-and-so praising it or defaming it, and when he possesses that currency that he threw on under the influence of... FOMO, or under emotional feelings that have no basis in logic, sees him every moment he looks at her, and follows her as she swings up and down, while he is in an unenviable psychological state.

I say to such people, O my brothers, this is torment and not trading. O my brothers, this world is one life in which you will live. Try to live it calmly and happily and do not cause yourself such torment and misery that you do not need.

Here is my trading brother, my trading sister - some guidance that may benefit you in this regard.

๐Ÿ‘ˆ 1- Make trading a hobby and not a source of your daily sustenance.

๐Ÿ‘ˆ 2- Trade with money that is in excess of necessities, and not money that you need.

๐Ÿ‘ˆ 3- Choose strong currencies, after studying them well, and do not sell at a loss as long as you are sure of their strength and the honesty of the team supervising them.

๐Ÿ‘ˆ 4 - Learn, my trader brother, that losing in trading is a normal thing. Wherever you find winners, you find losers on the other hand.

๐Ÿ‘ˆ 5 - The fault is not to make mistakes, but the fault is to repeat the same mistakes. A believer is not stung from the same hole twice.

๐Ÿ‘ˆ 6- I look at loss as a lesson to learn from.

๐Ÿ”ด Finally, remember, dear reader, that you are knocking on the door of livelihood. All you have to do, my trader brother, is to take the reasons. As for livelihood, it has been guaranteed by the Provider and the Giver of livelihood, Glory be to Him.