In bad situation I use the same volume invested, but I try to find the reason of my loss and try to increase my profit and reduce the risk at the same time. I try to change my strategy and manage my capital the best as I can
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In bad situation I use the same volume invested, but I try to find the reason of my loss and try to increase my profit and reduce the risk at the same time. I try to change my strategy and manage my capital the best as I can
its better if you reduce your volume or lot in bad situation, its good for your emotion and psychology, remember always use your best money management, we cant drive market to be on way with our predictionQuote:
Originally Posted by marceasypost
psychological factor is very important in forex business, both psychology and the psychology of the market traders themselves. if market conditions deteriorate, traders should wait for the market to really conducive to making a transaction. if the trader psychology worse, not better first transaction of the loss suffered very much. because it takes forex trading is quiet and stable condition
if we i faced huge loss suddenly then i will immediately stop trading and need some refreshment and cool my brain ..obviously after that i will choose eurusd or gold/silver pair to recover that loss.it's really tough to recover that loss quickly ..if i take maximum risk then it's possible to recover that so quickly ..but i would love to risk on certain time when i will be sure enough for that profit
we can set the lots size based of the market condition and also our balance condition, and we need to know how to set it for higher or lowerQuote:
Originally Posted by tariktanjaoui
and at bad situation i prefer to wait until i see a good moment and do not let the mind flow at this situation
I think that before we start trading we have to do the work on quality learning and owning a successful business strategy makes us that we can make profit easily because the work without a strategy makes us realize significant losses
in any bad place i am sure that i faculty make the small use of the essay so that i bed a safer trade. whatsoever nowadays when there is no serene datum to me, i do not trade at all and move.
regardless of the volume used is important that you have enough margin to accommodate any existing floating and do not let it make you lazy, because a lot of traders who failed also in this case.
For me there is no bad situation in forex, you can almost make money from trade everyday in forex market. Because market always fluctuate everytime in a day. But i think the most bad situation in trade many trader mentioned is all about the loss situation, so the answer is simple , change your trading system to make market in your side.Quote:
Originally Posted by akasha425
when my loss is big it is better for me to trade with large lot, so i can win and recover large part of my loss or get margin call, it will not be very difference from the loss i got, so let it to be all or nothing