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General Forex Discussion
Frustration in Forex
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[QUOTE="GazFx, post: 192212, member: 18628"] You will never control the emotion associated with a losing trade. We're just not built that way. Every losing trade is frustrating, no matter how long you have been trading for, or how much experience you have gained. I hate losses, but I accept them and move on. What else can you do? If you know your strategy inside-out, you'll also know that it has winning and losing streaks. It's your job, as a trader, to analyze your strategy's win/lose ratio, and more importantly its risk/reward ratio. What's [B]your[/B] win/lose and risk/reward ratio? What do you really [B]know and understand [/B]about your strategy? My personal strategy delivers around a 50%-60% win rate, so I know up-front that 40% - 50% of my trades will be losers. They are frustrating, but I accept them and move on! My risk/reward is1:3 or better, averaging 45-50 pips on a loser, and 150 pips plus on a winner. I know this about my strategy because I am constantly monitoring its performance, and that gives me the confidence to consistently trade my signals. I still get frustrated, but I know my next reward is not far away! [/QUOTE]
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