Saturday, November 25, 2017

Why Are You Always Losing In Your Trade

January 24, 2013 by  
Filed under Forex FAQ & Latest Post

In today forex faq, we have a question from one of our fellow traders.

Below is the question:

I Would like to know why I always lose my trades and why am I always doing the opposite of what the market are doing?

First of all, I must say that this is a problem that I believe all new traders are facing. In fact, this is also one problem that I used to face when I first started trading forex.

However you did not specify which trading method you are using and therefore I cannot comment on your strategy. Based on my opinion, your number one problem is you do not have a good strategy on hand.

It seems to me that you are randomly trading the market which leads you into the above problem. What I mean by a good strategy is that it must be a proven strategy and is one that you have done backtesting to verify the performance of it.

My suggestion for you is to get yourself a good strategy. Once you have learned it, you should do some backtesting with it for the past 6 months. From that backtesting, you can have a feel of how well the strategy performed for the past 6 months.

If it is profitable every single month, you can start to practice the strategy on a demo account until you are able to execute the strategy well.

Once you have a good strategy on hand plus you are able to execute it with perfection, you will never have to worry about doing the opposite of what the market is doing.

I hope that I have answered your question and if you have anything to add, do feel free to give me your comment below.

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