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General Forex Discussion
Finding successful forex strategy
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[QUOTE="I-Forex, post: 135965"] 90% of traders lose 90% of their bankroll in less than 90 days. - High level....Most traders are impacted by the emotion factor (deadly), once your strategy is established, stick to it, avoid multiple trades, especially correlating ones. The most common error is [U]not[/U] having a risk management system. (If you do not have one, then you are gambling) If you do not learn from your mistakes, you will repeat them, if so then you are part of the 90%. You have to study hard, track and learn all aspects of the market, control your money and analyse all your trades (wins & losses). Do not trade just to trade, enter a trade when all your rules or requirements are confirmed. If you think about the quantity of people trading and that lose money, you should ask yourself, what does it take to be a successful trader? If you do not know the answer, I highly recommend you trade Demo until you do. [/QUOTE]
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