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Learning From Failures or Loses
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[QUOTE="Shaf, post: 247519, member: 25467"] John seems to be a gambler and not a trader at all. No decent trader would involve in revenge trading to the extent of blowing a trading portfolio more than twice, and at most three times. I have not traded forex yet, but what I've seen shows that it's less volatile than trading cryptocurrency even though the same strategy can be used for both. If you are not ready to learn from your mistakes after blowing a trading account once or twice, it's possible being a trader is not for you because then, the market will always collect from you. The first rule of investing especially in forex is risk management, preserve your capital and keep your portfolio intact before seeking to make profits. If you can keep a level head to follow what needs to be done, following a back tested strategy, having a set entry, exit and invalidation point for every single trade, you will 99% of the time have no need to blow your account. [/QUOTE]
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