Originally Posted by
malik
Why traders loose in forex? do you know? Traders loose When they repeat the mistakes. Every one says "trend is friend" and just enjoy the profits after riding the trend. But More than 90 % traders are loosing, why? They can enjoy after riding the friend "Mr Trend".
In fact traders make mistakes while riding on "Mr trend" and do not care for the mood of Mr Trend before riding on it. Most of the traders who loos sell the "dips" of up trend just thinking it a trend reversal and burn their fingers. The same mistake is repeated by the traders when they buy rally,s of down trend.
I will suggest you to Follow the rule of riding the trend and never sell when trend is upward, even you see a big downward correction. Just wait for the price to turn back and place buy order and avoid to sell on corrections. same for the downward trend. Buy the dips of up trend and sell the rally,s of down trend.