The best forex traders are the ones who can control their emotions and detach themselves from their toxic emotions during their trading activities. Most traders feel the excitement, pride, and joy when they are successful, but they feel drained, depressed, and incompetent when they have bad trading days. When traders suffer several large losses in a short period, they tend to “revenge trade”, with the mindset they will turn their current losses into profits.

There are certain things that happen to all forex traders regardless of their experience level. One of these things is losing money on a trade. There are a number of ways that traders deal with this, from assessing their trading plan to taking some time from the market, to revenge trading. Out of all the options available revenge trading is the worst thing a forex trader can do.