accomplishment, one youre dying to achieve. Typically, this is called a reward/risk ratio. Many of the most successful forex traders are right about the markets direction less than half the time. You can tackle this situation in two ways.
Why are most retail traders usually on the wrong side of the
Unfortunately our data on real trader behavior suggests that the majority cant do this. You must trust yourself. Hey, theres nothing wrong with those kinds of thoughts and feelings because they ARE obtainable goals if you study hard, perfect your craft and manage to keep your bankroll intact long enough to live to trade another day and come out the other side profitable. These things keep you accountable and help develop proper trading habits and routines. Here is what we believe to be the number one mistake FX traders make.
Losses Are Inevitable, it is impossible to peruse, forex trading and not find yourself losing trades. Keep your identity as a trader! If you target a profit of 80 pips with a risk of 40 pips, then you have a 2:1 reward/risk ratio. Identifying that there is a problem is important in itself, but well need to understand the reasons behind it in order to look for a solution.
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