this sounds like a good bit of advive, the key is to trade using what you have learnt then to evaluate t=what happened after reflection of actions will be the key for future developmentsIt's hard to change your mental habits especially perception of loss or risk preferences that's why I opted for another approach - avoid trading situations which challenge my weaknesses. Trading by rules and transition to algo trading helped me greatly in that.
And this is the hardest job to keep yourself motivated even after losing again and again.Trading forex needs strong psychology trading, how to improved good psychology this is needed more practice and having a good mindset, although not easy to win, but if trader having good mindset will help them to keep motivation in the learning process.
This is a really good way to approach it. Trading psychology has a much bigger role in success than most people think, and it takes a lot of self-awareness and improvement to get to a point where your feelings don't affect your trading in a negative way. The things you have mentioned are great steps to follow.I think that improvement of trading psychology is the most difficult thing in trading at all. Of course it takes about 60% of your success hence it's very hard to setup yourself on a positive way, especially when you see that you permanently start losing and losing. However, there are some tips to improve it. Firstly, you have to get rid of the thoughts which somehow can influence your trading style, just throw away all the negative stuff from your head, you know. Secondly, you have to get rid of external stimuli which can affect your mood. Finally, you have to set correct goals in order to prevent overtrading.
Yes practice makes anything perfect, so practice as much as possible, test your strategy again and again before placing any order on live account.Yet when we practice something again and again with patience, new skills eventually evolved from us taking us way ahead of other traders.