moonchild
VIP Contributor
Most of forex traders come into the game with the mindset of making money without risking their money and ultimately losing them, just thinking they feel like they can just come into the market, take some trade and make money, it rarely works like that because if you operate with that mindset you'll be playing not to lose and you'll be trading to not make money but to preserve capital.
Understanding that Forex is a game where you risk your capital to make more is very important, set out a risk factor everyday and stop when you hit it.
You can say I'm going to lose 10 dollars a day, and when I'm down 10 dollars I am done trading, but don't think of preserving your capital and making profits in the same line.
Understanding that Forex is a game where you risk your capital to make more is very important, set out a risk factor everyday and stop when you hit it.
You can say I'm going to lose 10 dollars a day, and when I'm down 10 dollars I am done trading, but don't think of preserving your capital and making profits in the same line.