One of my close friends told me the other day his experiences in Forex trading. At that time, he was just starting out in trading for the second time. After a poor showing, however one day he resolved to stop for good. I have learned from his experiences and feel that they will be very useful to someone beginning trading. He picked up the game, made a few small trades and even won a couple times. From this quick win at the outset, his self-confidence grew but so did greed.
Little by little he took bigger risks and soon was putting all his eggs in one basket. Only one decision wiped out that entire season's gains, he lost it all. It was particularly that final blow which hurt him a lot. "I enjoy winning," he told me," but to lose is just too much." Feeling good about a win is natural for anyone; but when bad luck comes at us all of a sudden and we are unable to cope with it, we are in trouble.
We must remember that in fact there is more to life than just winning. Sometimes we can win yet then we suddenly hit a wall. However we look at it, I call this "failing". Both are chances for learning. Winning demonstrates the importance of hard work, endurance, and being at the right place and time in record. But failure, that can teach man humility, patience, and another look. I'm hapoy to say that he was able to bounce back with time and suceeded in his second try.
My friend's predicament reminds me strongly of life's examples of failure turning into success. Take Thomas Edison for example. He failed thousands of times in his quest to invent the light bulb.When asked about these failures, he replied: "I have not failed. I've just found 10,000 ways that do not work." Every failure brought him that much closer to victory. Victory did not mean the end of defeat for this friend. It spelled out quite a tough lesson in greed, danger and the fact that in a new field you really have to take it slow.
As a result of the ordeal he initially gave up on Forex trading; but after some time he decided to try again. Whenever such an opportunity presents itself, he meets exactly the same experience with heightened caution and wisdom, realizing setbacks are part of the journey. We may be at different times in life, we may be doing business, we may be in relationships, or perhaps something else.
But you know what? Don't worry over loss. It's' all right to lose, the thing that really counts is what we take away from losing; victory is sweet. However even defeat can make one a better person mentally or emotionally. Our lifetime is a mix of wins and losses. If one could learn so much from both, then perhaps there might be some rather unexpected benefits along the way.
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