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Those who begin without any plan or knowledge, usually they are the ones who leave the hope of succeeding very fast. So, to hold on to hope and excel, I would say the right kind of preparation is very important and that is what gives us the confidence to handle losses too.

Risk management has got a major role to play in forex. Thanks for sharing that one.

Forex does not give us same results all the times, some days we loose, while on others we might end up winning huge. Stay calm in both cases. Especially, when there are losses, need not panic. Rather observe where the mistake is and rectify it for future trades.