Stop Losing Money In Forex! Here's How To Finally Succeed

Successful traders do not focus on strategy, indicators, software and making profit today. They have a simple thought process that builds up their whole trading plan. They know their strengths and weaknesses, they have good trading habits and most of all they keep executing with confidence knowing that their risk management systems would always give them the edge in the long run.
RISK MANAGEMENT
1. Maintain a simple risk
2. Execute according to your trading plan, confluence and entry criteria (focus less on changing the risk and allow your Risk to Reward work for you)
3.Split your risk if you are just starting out so that you can have 2 or 3 opportunities if you get stopped out in the first or second entry
4. Avoid revenge trading or overtrading
5. Advisably between 1% - 3% per trade
TRADE MANAGEMENT
1. Know when to move your trade to breakeven (that is taking your Stop Loss to your entry position).
2. Decide on trailing your Stop Loss at 1R:2R or Taking partials at 1R:2R and allowing the rest to run.
3. Have a clear Profit Target and how you manage multiple positions.
4. Advisably stack a new position when you have breakeven (BE) the first position.
JOURNAL, REVIEW AND CONSISTENCY
Keep a notebook or journal where all your trading plan would be and be discipline to follow them. The best part of a week or month or year is knowing that you consistently followed your thought process and you did do what you are suppose to do.
Review your trades and improve on your strength and keep working on your weakness
Be disciplined, be patient with yourself, and be consistent with your growth. Gradually, you would find consistency in your trading journey.
If you have any questions, feel free to ask in the comment section below.
Email your trades to be reviewed at [e-mail]
RECOMMENDED BROKER
If you don't have a broker currently or you are looking for a recommended broker use these link to register with my recommended brokers:
Exness: one.exness-tra...
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[@gideonomach2230]

Key! Thank you for this! I am searching everywhere for more of this

[@financialjourney_ng]

My pleasure!

[@OkororGodlyfear]

bro you have got the best theory's on psychology and trade management.. no cap 🧢.. thank you for all you do 🔥.. a trader must be disciplined with practice

[@financialjourney_ng]

Thanks bro. My pleasure

[@graceudama2452]

This is really good. My whatsapp community has to see this!!!

[@financialjourney_ng]

Thanks. I just want as many people as possible get the right psychology on forex. Share with your community, remember to tell them to like share and subscribe. Thanks