What forex needs for long term survival?
Forex trading is a place of great potential but due to a lack of the trading skills, we face repeated losses. Following are reasons for loss in Forex:
1)Do not have proper money management
2) Trade without proper understanding of the market
3) Do not apply SL or TP functionality
4) Do not trade in gold or oil unless you have fully grip on them.
1)Do not have proper money management
2) Trade without proper understanding of the market
3) Do not apply SL or TP functionality
4) Do not trade in gold or oil unless you have fully grip on them.
For long-term survival, forex trading requires discipline, adaptability, and strong risk control. Capital preservation comes first. Traders must limit risk per trade, manage leverage carefully, and accept losses as part of the process. Consistency matters more than short-term gains.
A clear trading plan is essential. This includes defined entry rules, exit logic, and position sizing, followed consistently across changing market conditions. Emotional control also plays a major role. Fear, greed, and impatience often cause more damage than bad analysis.
Continuous learning keeps traders relevant. Markets evolve due to macroeconomic shifts, technology, and regulation, so strategies must be reviewed and refined. Finally, patience is critical. Long-term survival in forex is built on steady execution, realistic expectations, and the ability to stay disciplined during both winning and losing periods.
A clear trading plan is essential. This includes defined entry rules, exit logic, and position sizing, followed consistently across changing market conditions. Emotional control also plays a major role. Fear, greed, and impatience often cause more damage than bad analysis.
Continuous learning keeps traders relevant. Markets evolve due to macroeconomic shifts, technology, and regulation, so strategies must be reviewed and refined. Finally, patience is critical. Long-term survival in forex is built on steady execution, realistic expectations, and the ability to stay disciplined during both winning and losing periods.
Jul 09, 2021 11:09