have a trade is similar to abandoning your trading plan. Its much easier to risk 2 without fully accepting the potential loss because it doesnt carry the emotional value that money does. If you follow any signal provider or copy trader on any social trading network with real money you do so at your own risk. Regardless of the actual number, having interacted with thousands of traders over the years, I can tell you that those figures arent far off. So the question is if you dont have a passion for trading, can you really be successful? The concept of thinking in terms of money risked, as it applies to Forex trading, is no exception. That was one of the reasons, why Hanes182realprofit trader was able to manage to maintain 100 winning forex trading strategy. Trading Forex without using some form of price action is like trying to drive a car with one eye closed. However, thats precisely why you should walk away.
100 winning Forex trading strategy, real life example
Your position size should always be determined by the size of your account. How do you handle losses? Nobody is going to be enticed to spend money when they see a headline that promises a 50 win rate. If you decide to follow any forex signal provider who has 100 winning strategy or something work from home data science jobs close, numbers like 95, 98 or something similar, be very very careful, think twice before you decide to follow such a signal provider. Theres a reason why you made your trading plan. After that, set your focus on learning about pin bars. Then on Monday, more often than not I would end up taking a completely different trade setup only to watch the original trade idea move in the intended direction without. This sounds obvious, but it amazes me how often I see perseverance and grit left off the list of reasons why a certain trader became successful. Also when we look at his historical closed trades, some of them went drastically down generating big losses, one trade on GBP/NZD went down to -200 pips, closed later with tiny profit of only.9pips. This is because pips and percentages carry no emotional value.
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