Posted: Wed Jan 10, 2018 10:02 pm Post subject: Ways to Avoid Losing Money Trading FOREX
Ways to Avoid Losing Money Trading FOREX
Not Focusing on the Trade at Hand – There is no room for fantasizing in successful trading. شركه فوركس
Counting up and mentally spending profits you haven't made yet is mental masturbation and does you no good. Same with worrying about a loss that hasn't happened yet. Focus on your position and have a reasonable stop loss in place at the time you do the trade. Then be like an astronaut – sit back and enjoy the ride; no sense worrying because you have no real control; the market will do what it wants to do.
Lucky or Good – Your account balance changes don't tell you the whole story about your trading; fact is if your taking a lot of risk and making money you will eventually crash and burn. Look at the individual trade details; focus on your big loses and losing streaks. Ask yourself this; if I had a couple of consecutive losing streaks or a couple of consecutive big loses, how would my account balance look. Generally, traders making money without big daily loses have the best chance of sustaining positive performance. The others are accidents waiting to happen.
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