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How Do You Take Losses in Forex Trading?
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[QUOTE="Carson20t, post: 338831, member: 26029"] I do not fully understand the help you have shared here, The thing is that every trader must have proper risk management. First of all, a forex trader needs to have a trading plan, the trader must also have a trading strategy and remove the fear and greed. A trader must understand and back-test their strategy before opening a position or many positions. The rest is to be left to the market and hope it goes our way. When we analyse the market then we are all set. Retail traders do not control the market movement. Ours is to create the best strategy, backtest it and the rest is not in our position to call the shorts. With the grasp of this then one can become a profitable trader in no time and avoid losses to the point of blowing the account. We as successful traders should not blow our accounts. Losing money is inevitable but by blowing up the account then we have not grasped the formula and acquired the skill fully. [/QUOTE]
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How Do You Take Losses in Forex Trading?
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