WikiFX report: It is normal to have some losses, trading is not only about wins

Treat Trading as a Business. It is essential to treat forex trading as a business and to remember that individual wins and losses don't matter in the short run.

Every trader has bad days. As a rule, never let a bad day cost you more than you make on an average profitable day. As other Just describe winning as their only focus in trading, Some social media may try to say otherwise, trading is not only about winning trades. Losses and profits play equally important roles and as confirm by the traders, therefore learning how to deal with losses can be one of the hardest things to attain.

How did loss limits affect your trading style？

One of the trickiest concepts in forex trading is the management of stop-loss orders, which effectively close out your trading positions when losses hit predetermined levels. Stop losses are most effective at protecting capital from being lost through indecision. The proper use of stop losses can increase the degree of control an individual has in managing risk.

Loss limits affected in a positive way because it is another reason why we have to respect our risk management. It helps traders calculate how many trading opportunities they have so not to exceed that maximum loss.

What inspires you to pursue trading？

It is important for forex traders to know their true motivation is, or whether they should even be trading at all. To some is to make money so that they can take care of their families.

Therefore Before you trade, recognize the value of proper preparation. It's important to align your personal goals and temperament with relatable instruments and markets.

Describe your best trade.

Depending on your choice of trading pairs, trading strategies and other trading options. With this anyone can describe his best trade entry.