The first thing to realize is that no Forex trader can know what the market will do next. Nobody knows! Your best response would be to plan a strategy you are happy with and trade it, not expecting to win every time. Losing out with Forex trading is a very common but it is how you deal with this which makes the difference. If you make mistakes, try not to beat yourself up about it -- we all have bad days!

How do you deal with losing trades?

A good way is not to place too much importance on the monetary values. Money is highly regarded and personally important to our lives. This attachment can be damaging to your trading mindset.

The way to overcome this is to think about trading in pips or points value. Focus on the numbers! The money you make or lose will depend on your stake which will change according to each trade. Defining your trading successes according to pips or points gained or lost is a more accurate thought process. If you think in this way then the money will take care of itself. The less importance you devote to monetary gain, the better you will do.

Another good way of dealing with bad trades is the three strikes and you are out rule.

If you have three trades in a row which go against you, then finish your Forex trading day there. Take time out to clear your head and come back the next day refreshed and relaxed, ready to make some profits!
Think of tomorrow as another day. One of the benefits of Forex trading is that you can decide your hours of work, so do just that! Do not think you have to sit in front of your screen for the same amount of time as a 'normal job'. Decide you hours to make the money you are comfortable with Forex trading and then take the rest of the day off.

So, we have seen that by remaining detached from your Forex trading and putting the priority on pip gain and not monetary gain this will help take the focus and pressure off risking your hard earned capital. Try not to beat yourself up on the trades you have lost. Everyone losses at some point, so re-group and move on to the next trade. Use the three strikes and you are out rule to minimize your losing trades and those bad days.

Lastly, make the hours you trade part of your Forex trading strategy and stick to it! Enjoy your time off!