Many say trading is a shortcut to success, but many also say trading is gambling. Both can be true and may be wrong for more information please visit fxtrade777. For those who want to earn money as fast as possible, it is not wrong if you are trading as your daily activities. But keep in mind, not every time we can profit and profit from forex. There are certain times when we get the worst and in the face of this, the best step we can do is always prepare the worst scenario if we get the loss.
Stop loss usage is absolutely for all traders. If you want to use a martingale, hedging or whatever strategy that will make you far from a loss, be sure it’s only the first step for you to pave the way to losses False analysis will not make you lose as long as you still have equity. For that you have a lot to learn more info about forex please click tradesprime.com. This will be different if you do hedging and martingale will gradually erode your equity and margin. When the margin and equity you live 50%, usually you will let the position exposed to loss or profit. Here you often Surrender before the end. The most important thing that traders should do is:
- Set up the worst scenario
- Do not try to reply to the market because you will be exposed to SL
- If you get a profit, immediately you do WD
- In forex, only the right market.
- Stop trading especially when your emotions are not controlled
Six points above often traders forget just to pursue profit alone. In forex, loss and profit are two things that complement each other. There’s no way we will always profit, it’s impossible also we will always lose. Hopefully, we get what we want in this business and always successful greetings.