The phrase emphasizes the emotional challenge before a daunting task. She took her courage in both hands before addressing the crowd.
Pro Tip 2/3
Moment of Decision
It's often used at the moment when a person decides to face a fear or make a difficult choice. He took his courage in both hands and finally asked for the promotion.
Pro Tip 3/3
Not Literal
The phrase is metaphorical; one doesn't literally grab anything with their hands. After hesitating, I took my courage in both hands and jumped into the pool.