why am i losing so many trades in a row consistently?
I think you may be revenge trading, which means quickly taking the same trade you just lost in order to make up for the loss.
Re-entering a trade after you just lost means you will be likely trading under the same conditions that led to your initial loss. It is better to wait for an hour or more after a loss before taking a new trade.
It means you are not following a trading strategy because a strategy should tell you when to get in, when to get out, how much loss you can take on a single trade, how much profit you should take when it shows up.
if you are just taking random trades without following s tested strategy, you will sustain constant losses.
So if I were you I would build a trading strategy, test it on a demo account to see how well it works, then on every trade I would execute that same strategy irrespective of the outcome.
If you are a beginner, you are definitely going to lose money when starting out o I suggest you use a demo account instead of a live account.
However, if you are an experienced trader and still losing money I suggest you change your trading strategies and back test any new strategies before depoying it to the battelefield.
You also have to forgive yourself and not let the losses weigh you down. Start afresh with a new strategy and maybe you should use a micro account to limit the lot sizes you trade to not more than 1,000 units. You really need to apply more risk management.
check your risk to reward rariom are you expecting too much from the market? Here's what I mean; if you are risking $10 on a trade, how much profit are you willing to walk away with?
Are you expecting to turn $10 to $1,000 on a single trade? That will be a poor risk to reward because you will not take profits when you see them while waiting for the big bucks to come.
For starters, you should use an ideal risk to reward ratio like 1:2 so that if you risk $10 on a trade and your profits reach $20 you can walk away with the $20 profit instead of waiting for it to increase and risk losing it to the market.
It is hard to really put a reason for losses until we know what you are doing.
a. Please explain how you take entries, exits i.e. your criteria. Are you following a system or are you trading based on your discretion?
Is there a pattern to your trading or is it just random?
b. What do you do after a losing trade?
c. What about your winners? Do you cut them quickly? Or do you let them hit your targets?
It is hard to know what stage are you at without context. Some traders just don't know what they are doing, or do you have some idea or pattern of what is working in your trades & what is not?
Moreover, there is no reward without risk in markets.
You have to be willing to lose & be totally comfortable with the idea of losing money. Almost every other trade you will lose. Some lose more & some lose less. But you will lose.
If the idea of any single loss makes you uncomfortable, you will find this profession really draining mentally & physically.