I have not had a loss yet or at least that much of a loss. However I've had friends and coworkers who have suffered large losses.

They've told me the best way to control yourself is to set times.

Start at 6 am end at 6pm no matter what. These times can be different for anyone but you find yourself staring as you hope it goes up but it goes lower....and lower....and omg it just went even lower!

My co-worker suggested this method because you never know what happens. You can end up with a huge loss one day and a gain another day. In the long run they said their method has gained more than when he sat and watched it.

I'd imagine this is a good idea. Sometimes we get so antsy to make a trade once we see any sort of sudden change, but thinking a little more long term is safer and generally will yield better results

I used to have that itchy finger when I was a new investor, but quickly realized that it did far more harm than good. Getting scared over a 3% drop in an hour is a good reason to be nervous, but you never know what the next hour could hold, or the next week.

Exactly what my professor was trying to tell us. He said his main problem was that he knew it could drop but that also means it could rise at any moment. After a while it became more of a stunt devil act with money rather than trading.

Currency trading is unique because of its hours of operation. The week begins at 6pm EST on Sunday and runs until 4pm on Friday.But not all hours of the day are equally good for trading. The best time to trade is when the market is most active. When more than one of the four markets are open simultaneously, there will be a heightened trading atmosphere, which means there will be greater fluctuation in currency pairs. When only one market is open, currency pairs tend to get locked in a tight pip spread of roughly 30 pips of movement. Two markets open at once can easily see movement north of 70 pips, particularly when big news is released.

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