Forex Trader

I know how many of you have bad experience with your loosing trades, which can become a total nightmare if you don’t react on time. At first, I can write that the most secure way to avoid a huge loss is to place a SL at each one of your trades. I know, you think how market collect’s you SL’s all the time and that can be true, but without it, you’re gambling, not trading. Why? Because, if you don’t trade with SL you don’t have a strict risk management rules, which is the most important rule in trading. I mean, you can’t and you will never know how much money you can made in a single trade, in a day or within a week, month, but surely you can and you must know how much money you can afford to lose in a single trade or within a day or more. It’s pure fact as you don’t have the ability to move the market.

As I wrote for several times in my articles, losses and losing trades will determine you as a trader, not the winning ones. You will learn nothing from the winning trades, but from the losing ones, woow, you will learn much, you will learn everything. If you don’t learn, you will fail each time when you trade. Too much quick loss will cause you simply too much troubles in trading and you need to avoid it in every way you can. How can you do it? Simply with strict risk management by using SL or simply by closing your loosing trade on time, I showed for several times here how I trade and how I close my losses, I am ruthless. If I wasn’t, I was wrong and I lost everything eventually each and every time in my career.

It’s of the most importance that you understand how trading without losses in apsolutelly impossible. That means how you will always have them. How small, big or large will be it depens on you and only you. That’s how when you and if you trade without a stop loss, you need to know the point from which your floating loss will become stressfull to you. If you find yourself in a situation where you pray for the return, well, you’re gone too far and trading will become an agony. We all react different on risk and there is no rule on how much risk you will feel confortable. Someone can easily handle 20 or even 50% risk, while the other one will fall apart psychologicaly on 5%. I know that because I talked a lot with traders around the world for years. In my point of view, this mostly depens on your financial situation and money that you can afford to lose. Sure, this could be a trap as well, cause someone who is not afraid of loosing can lose too much, but on the other hand, it’s far more better in trading not to be afraid. You all know how this works by trading with demo accounts, right!? Nobody feels a fear and almost everyone wins, big time. When it comes to real accounts, everything changes, right!? You are afraid to lose. To be worst, here on forex each time when you open a new trade, you can lose and you’re aware of that. It’s on you’re mind constantly and that can ruin your trading from the beginning.