Please Suggest me
I have been trading forex since 2022. I have lost a lot in these 4 years. It is not that I do not know or do not understand. I trade at 1:2. I make profit but I cannot hold it. I say that I will exit if I make profit. But then I see a simple setup and then there is no trade but I lose that trade. Does any of you know any phychology trick through which I can fix this.
tradersabbir posted:I have been trading forex since 2022. I have lost a lot in these 4 years. It is not that I do not know or do not understand. I trade at 1:2. I make profit but I cannot hold it. I say that I will exit if I make profit. But then I see a simple setup and then there is no trade but I lose that trade. Does any of you know any phychology trick through which I can fix this.
Find a good EA with track record, plug and play it. Our Fortune EA is a single entry EA that has strict risk management that enforces discipline.
https://www.myfxbook.com/members/SmiteFX/fortune-vt/11894893
Speaking from experience, the best practice to control trading psychology is:
Decide your max daily loss before you start, and stop trading when you hit it - I know its easy to say and very hard to do, but this is a MUST
Take only planned trades — if it was not in your plan before the session, skip it.
After a profitable trade, take a short break instead of jumping straight into the next setup, and take an even longer break after You los
Make sure Your broker suits Your style of trading - narrow spreads on the symbol you usually trade, low swap rates and quick execution. In the long run its worth a lot of money and can be the difference between positive and negative p&l
ForexRater posted:Speaking from experience, the best practice to control trading psychology is:
Decide your max daily loss before you start, and stop trading when you hit it - I know its easy to say and very hard to do, but this is a MUST
Take only planned trades — if it was not in your plan before the session, skip it.
After a profitable trade, take a short break instead of jumping straight into the next setup, and take an even longer break after You los
Make sure Your broker suits Your style of trading - narrow spreads on the symbol you usually trade, low swap rates and quick execution. In the long run its worth a lot of money and can be the difference between positive and negative p&l
I like your word. If you dont have any problem, I want to connect with you.
tradersabbir posted:I have been trading forex since 2022. I have lost a lot in these 4 years. It is not that I do not know or do not understand. I trade at 1:2. I make profit but I cannot hold it. I say that I will exit if I make profit. But then I see a simple setup and then there is no trade but I lose that trade. Does any of you know any phychology trick through which I can fix this.
It took me a long time to realize that having a winning trade strategy is not the same as having a winning trade plan. You need a trade plan that clearly states the rules for your trade strategy and then you must follow that plan with 100% discipline. In your example trade i would suggest you only close a trade according to your plan eg. SL hit, TP parameters met
TitosShop posted:TRASFORM your strategy on a software and forget. is very very easy, if you need help i can with that
Please help me.
You can always contact us on [email protected], and we'd happily try to assist
