Welcome To Trading Dispatch
Learn how to trade Forex profitably
Stop losses are the easiest way to manage risk when trading, but you will be surprised that not all profitable traders use these orders to exit losing positions.
There are certain cases where using a SL can harm profitability, in which case it is understandable to reject the notion that a stop loss is every trader’s savior.
Ten times out of 10, the Forex community uses different terms to say the same old thing. An advanced trader can say the same thing as a beginner, but in a completely different way. For example, supply and demand have many other terms.
A trend resumption occurs when a market correction comes to an end and price continues in the prevailing trend direction.
In an uptrend, this would mean the market retraces before moving to a new high. In a downtrend, this means price corrects before moving to a new low.
It’s a bitter pill to swallow. Not all of us go through this phase of trading, but it does happen. If your strategy depends on a market inefficiency or a particular market environment, then this will most likely happen to you at some point. Frustration is only natural, but maybe don’t throw in the towel just yet…
I used to love holding positions until my intended target without adjusting my risk or the risk that I had left on the table. Yes, I know this was not the smartest thing but, we learn every day, right? So, for example, if I were risking 1% of my total capital, I would attempt the complete 1% until my intended target, whether 3% or 10%!! I would NEVER adjust my risk! This approach was problematic.
Like always, I want to debunk any myths you might believe about profitable Forex trading. I will start by saying No! A holy grail does not exist the way most people think. There is no strategy that doesn’t take a loss or have a losing streak every now and then. There is, however, a strategy that you have to FIND (If you haven’t bought a course and you don’t have a mentor) that makes money in the markets.