Monday, 20 February 2017

Top 11 Trading Forex Mistakes You Should Avoid - 9 of 11

Not cutting your losses early

stressed man

If you have a trading plan, have worked out your stop loss levels then your losses should be managed by the plan.
If however things start to go astray you need to be ruthless and cut your losses, don’t be tempted to think that the market will be kind and bounce back for you giving you a breakeven point, or worse some profits – it may but it may not and that wasn’t part of the plan.
When you have closed the trade and made a loss don’t dwell on the loss, it happens move on and follow the plan

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