question- what are the things that a trader should never do?

bigdolly

2nd Lieutenant
Messages
1,233
Don't keep changing your plan or strategy because of loses .
It's part of doing business in FX .
Even if you have a strike rate of 30% but good RR you will still profit so keep a positive mindset
 

ForexTus

Recruit
Messages
149
Id also add to this not to trade without a stop loss. So many do it as they are convinced 'things will turn' once people get into this mindset its very hard to get out of it
 
Messages
181
Don't keep changing your plan or strategy because of loses .
It's part of doing business in FX .
Even if you have a strike rate of 30% but good RR you will still profit so keep a positive mindset
Sorry if this is a dumb question, but what do you mean by strike rate? Is it the number of winning trades vs losing ones?
 

bigdolly

2nd Lieutenant
Messages
1,233
Do not rely on luck, I have seen some traders relying on luck hoping to make some bucks, but it will never end up well if you do that. Try to find the analysis in your trade, read the chart, view the pattern and see what analysis is talking about.
 
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