The most common reason to loss in Forex trading is failure in following his own trading plan perfectly.
The reason why traders fail to follow their forex trading plan is due to fear of loss. Loss is the part of trading. We should not count our profits on trade by trade basis. But we should take it in an average basis. To face losses. We should plan our trades with proper money management.
When there is an unexpected trend reversal, some forex traders get nervous. This can force traders to act on emotion and do something that isn’t part of the trading plan.
To avoid acting on emotions, a trader should plan a trade plan with proper money management and then enter a trade. You should have a plan of action for any scenario. This way, nothing will be unexpected and you will know how to react and not panic.
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