Question
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How to avoid traps in forex?
4 Answers
<p>It will be an excellent idea to save part of the result before it is too late, when your position feels good. The point is that the luck will end eventually. Therefore, worry about yourself before this happens. Use Take Profit and Stop Loss orders to counter unexpected jumps in price. Never regret the missed movement, you do not jump into a moving train in real life, nor do you in forex trading. You lose money, succumbing to emotions. There will be another strong movement, and then one more, and so on. The market will not get away from you, …</p>
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<p>Trading is not a game and not entertainment, it is a work with a busy schedule, high nervousness, requiring knowledge, skills, analysis skills and courage in decision making. Therefore, be sure to determine your goals, time, and professional assistant (broker) who will accompany you on your way to the forex market. In this case, success accompanies reasonable.</p>
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<p>Keep statistics. Only complete and detailed statistics on trade can answer all the questions: where the problem with the strategy is, what can be improved, how do the results change over time and so on. Testing and optimization is the basis, without which any algorithm will very quickly lose its relevance. You cannot develop an algorithm that will trade all your life profitably.</p>
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<p><br>Break is a very important part of risk management. A tired brain is not so brisk in thinking which increases the chance of making mistakes. If you feel tired, then it is time to take a break and enjoy what has already been done.</p>
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