Some Techniques to Reduce and Control Drawdown
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
Alongside Googling “how to make money online”, entering a search query “how to become a successful Forex trader” is going to yield almost as many misguided and sensationalist recommendations.
One area all traders struggle with is determining where to place their stop loss. Fiddling with a Stop Loss can be a sign that you are on a slippery slope to Margin Call or worst, Stop Out.
Many experienced traders can make it look as if Forex is easy. Just as many professional race car drivers make what they do look easy. It takes a lot to be successful in anything.
You might think that the hottest topics that divide online trading communities are which indicators and technical analysis setup will deliver the best results. But, in fact, traders usually debate the concept of Forex trading without indicators.
Trading Forex is quite an adventure. Many people choose to travel the world to ‘find themselves’. If you really want to embark on a soul-searching experience, trading is an excellent way to genuinely get to know yourself.
A trading journal is one of the most important tools for every forex trader. Your trading diary gives you a clear view of your performances in your past trades.
The number of winning traders is only 5% of the total. They made their mistakes, gained invaluable experience, and learned how to achieve results.
When you’re in the midst of the daily grind, the idea of becoming a full-time Forex trader has surely crossed your mind, but is it really the right decision?
We all experience ups and downs, and from time to time, we want to share our emotions, joys, and worries with someone else. But should we do this when it comes to trading?