HOW YOU CAN OVERCOME THE PAIN OF TRADING WRONGLY. 

The fear of losing huge money is not the only problem that plagues the minds of Forex traders. Even though losing a huge amount of money is painful, there is another problem which is equally painful; it is the pain of being wrong. This pain is likely to occur for a trader even if he is already a millionaire. Because the pain of being wrong is closely connected to your self-esteem. Every time you are proved wrong, your self-esteem takes a hit and your ego feels hurt.  Alina Tugend, an American journalist, public speaker and the author of the book 'Better by Mistake: The Unexpected Benefits of Being Wrong' explains the benefits of being wrong. Yes, you read it right. Being wrong also has benefits. With interesting research, she explains how trying to avoid mistakes can affect us right from our childhood and shape us into adults who do not want to face risks and challenges. Let me tell you a secret. You can never lose in anything; you either win or learn. Every time you are wrong about something, you end up learning something.

1.  Every time you are wrong, see that as an opportunity to learn instead of seeing it as something painful. Keeping this in mind can greatly reduce the fear of being wrong. 

2. The market is always neutral; it is neither painful nor pleasing. Also, the market is neither  for you nor against you. Accepting this truth helps you to trade without worrying about anything.

3  Being overly confident or overly fearful are two of the contributing factors to the pain of being wrong. If you look at the market objectively without any attachments and always have a steady mind, you will become a successful trader soon.

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