Winning in Forex is both pleasant and dangerous as after experiencing a series of winning trades or after a single large win some traders become euphoric and kill their trading account.

Here is a scenario of an euphoric behavior.

  1. You place a trade by following your strategy and close the position with a win that was to some extent lower than your ‘take profit’ point. Not bad!
  2. Then you plan and place another trade and close it at your Take Profit point. Great!
  3. Now feeling more confident you double the size of your trade and win again. Wow! Perfect!
  4. You regret that you didn't place a larger trade before and place a trade. You win again. Incredible!
  5. You feel that you have learned the system and another win makes you feel invincible.
  6. The trade goes against you but you are too confident to stop and you lose.
  7. You’re still confident that you will win the next trade as you know how to beat the market. Another loss!
  8. You want revenge. But stop or your account will get wiped out!
How to control your euphoria?

  • Traders usually took lessons from losing trades by analyzing. But there are a lot of things to learn also from winning trades so analyze them too.
  • Don’t rush into a new trade immediately after you win or lose. Take a breath for a while.
  • Once you have placed a trade, just hold it and don’t enlarge.
  • Occasionally withdraw the winning money from your Forex account to your bank account to weaken the temptation of making trades and minimize the sum that you can lose.
Traduzir para Inglês Mostrar original

Uma vez que não iniciou, não sabemos a sua língua falada, mas assumimos que seja Inglês
Por favor, inicie e escolha outra língua para traduzir esta lista.

– ou –