Forex Dealing With a Losing Streak in Forex Trading

[moonchild]

Losing streak is a period in your trading where you make losses and no matter how hard you try to turn a profit it just seems hard, you'll try every trick in the book and it will just land you where you started, loss.

How can you deal with such periods in your trading journey, they will come is not a matter of if it's when they come how can you mitigate them and come out at breakeven or at worse with a small dent on your equity.

Reduce your lot size.
Take note whether the market has changed.
Screen record your trades.
Talk to your peers / trading mentor.

By doing the above you'll be able to mitigate your risks and come out net ahead in your trading.

 

[FinTrader]

First you need to rest and analyze your trading. There may be errors in any trading strategy, and as a result, these are incorrect entries. And it is important to identify these mistakes and improve your strategy in this way. It will help you continue trading successfully.