Setho
VIP Contributor
The forex market like any other financial market is something that you can be able to take advantage of and make a lot of money but then it was not give you so many chances and any mistake can prove to be very costly for you .
The mistake that is being commonly done by people who are trading the forex market is trading with emotions. It is always advisable that you should not form any personal connection with your bags and instead you should only be there to make money and when you see that your strategy is showing signs of weakness is then you should abandon it immediately.
As a tree that it is also advisable that you should learn not to be chasing your losses. It is almost impossible that you are going to be having a 100% win rate and as such whenever you lose the only thing that you can do is to take a break and evaluate your setup.
There are also some people who have stayed for a very long time with one strategy which is not good. The forex market is dynamic and things change very quickly and so should your trading strategy and your setup be.
The mistake that is being commonly done by people who are trading the forex market is trading with emotions. It is always advisable that you should not form any personal connection with your bags and instead you should only be there to make money and when you see that your strategy is showing signs of weakness is then you should abandon it immediately.
As a tree that it is also advisable that you should learn not to be chasing your losses. It is almost impossible that you are going to be having a 100% win rate and as such whenever you lose the only thing that you can do is to take a break and evaluate your setup.
There are also some people who have stayed for a very long time with one strategy which is not good. The forex market is dynamic and things change very quickly and so should your trading strategy and your setup be.