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How To Deal With Loss Streak In Forex
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[QUOTE="moonchild, post: 282701, member: 57467"] In forex trading there are times that your strategy will have a low turn out and you will be having some losses or maybe you have a bad trading week, the market caught you in a range and you lose money, if you are a trader how do you deal with such low times, it is good to note that this may cause you to feel depressed or even doubt your own skills in the market, this article is going to discuss some ways you can handle such losses and feel good about yourself after taking L's 1. Stop Trading; This is the number one technique that works for me, whenever I start experiencing a loss streak in forex, I stay away from the chart and do something entirely different, like write a short story or go visit some friends. 2. Assess Your Trading Plan; This can also come in handy, you can check your trading plan and see if you are making a mistake in your trades then your trading plan can help you to discover a pattern and you can avoid it. 3. Change Your Strategy; This can come in handy if the strategy you are using is obsolete, you can discard it and get a new one. [/QUOTE]
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