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Saturday, September 30, 2023

How to Recover From a Losing Streak

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
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Pipsychology

How to Recover From a Losing Streak

Losing streaks aren't uncommon in the trading world. Every trader at one point or another hits a losing streak. Here are questions you should ask yourself plus, three things about your trade setup you need to review.

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Trading Discussion

"What's the Best Way to Close A Losing Trade With No Stop Loss?"

Forum member samewise asks, "Just put yourself in my shoes and imagine a short time frame trade has turned against you while you stepped away from the charts. What do you when you come back and see the big minus sign next to your profit column? Close the trade right there and cut the loser? Or keep it open hoping price will retrace some to reduce the loss, and maybe even into profit?"

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