FORWARD-THINKING TRADING [ FTT ]
DECEMBER TRADES: Week 2 :xlt https://t.me/tradingFFtt/3062 11-12-2023 = 56PIPS 📊 EURUSD +16PIPS +24PIPS USDCHF +16PIPS 12-12-2023 =46 PIPS GBPCHF + 26PIPS +25PIPS EURUSD - 5PIPS 13-12-2023 =41Pips EURCHF (2) +24PIPS USDCHF 1 +17PIPS 14-12-2023 =-20 GU…
Check today's London trades = 3 trade (2/3) 2 pairs
46pips bagged tdy
46pips bagged tdy
FORWARD-THINKING TRADING [ FTT ]
Check today's London trades = 3 trade (2/3) 2 pairs 46pips bagged tdy
These are only for London session not overall trading
Why traders lose money?
Let’s talk about why it happened. Here are the 5 main reasons why people fail in trading:
1. They try to fight the market: a trade goes wrong, yet the person thinks that if they are persistent enough, the market will reverse in their favor. A trader can’t be more wrong.
2. They ignore risk management rules and tools. Some traders are against Stop Losses because they don’t want a Stop Loss to be activated. As a result, when they close a losing trade, their account is already empty and they don’t have a second chance with that money.
3. They want quick and easy gains. This leads to risky trades that are opened without sufficient thinking and analysis.
4. They listen to dishonest people who promise big profits. Everyone wants to believe, but there’s no universal solution for making money out of the air, so no one can forecast price moves with 100% accuracy. If someone tells you that they can, they are lying.
5. They watch the open trades all the time. They don’t stick to the plan, are chaotic, and feel immense pressure and stress. The stress leads them to mistakes. By the end of a trading day, they are completely worn out.
🤔Of course, it’s possible to name more reasons. Add your ideas in the comments!
Is there a solution❓Yes. To avoid losing the money you need to:
😉 Have reasonable expectations and realistic targets.
😉 Use Stop Losses and Take Profits, control the risk-reward ratio and volumes of your trades.
😉 Understand your emotions and use them to your advantage.
Let’s talk about why it happened. Here are the 5 main reasons why people fail in trading:
1. They try to fight the market: a trade goes wrong, yet the person thinks that if they are persistent enough, the market will reverse in their favor. A trader can’t be more wrong.
2. They ignore risk management rules and tools. Some traders are against Stop Losses because they don’t want a Stop Loss to be activated. As a result, when they close a losing trade, their account is already empty and they don’t have a second chance with that money.
3. They want quick and easy gains. This leads to risky trades that are opened without sufficient thinking and analysis.
4. They listen to dishonest people who promise big profits. Everyone wants to believe, but there’s no universal solution for making money out of the air, so no one can forecast price moves with 100% accuracy. If someone tells you that they can, they are lying.
5. They watch the open trades all the time. They don’t stick to the plan, are chaotic, and feel immense pressure and stress. The stress leads them to mistakes. By the end of a trading day, they are completely worn out.
🤔Of course, it’s possible to name more reasons. Add your ideas in the comments!
Is there a solution❓Yes. To avoid losing the money you need to:
😉 Have reasonable expectations and realistic targets.
😉 Use Stop Losses and Take Profits, control the risk-reward ratio and volumes of your trades.
😉 Understand your emotions and use them to your advantage.