why am i losing so many trades in a row?

@glo_forex - 8 months ago - Forex Education

I have been trading, but I keep making many losses in a row; how can I stop this from happening to me? What strategies can I implement effectively to start earning rather than making losses.

@aisley - 1 month ago

Maybe you are trading with a bias and trading against the trend. What I mean is there are times when you enter the market thinking it should go in a certain direction and when that doesn't happen you keep doubling down and losing. For example if you entered the market with a short bias and you see that the market trend is actually upward you should switch your bias and follow the trend.

@yokoyi - 1 month ago

Like @Aisley said, you may be going against the major trend. If the market is trending upwards, your trades should all be buys and not sells.

@glo_forex

@kemi_allen_omevia - 1 month ago

@glo-forex I suggest you place your stop loss a reasonable distance away from your entry point. This will ensure you don't get stopped out too quickly. If you do not have enough capital to support a wide stop loss, then consider reducing your lot size.

@glo_forex

@tony_xhan - 1 month ago

You may be trading several instruments that you don't understand. Pick one instrument and focus on trading it only, don't trade fx pairs today, then tomorrow you're trading crypto, and the next day youre trading gold etc. Pick one instrument preferably eur/usd or gbp/usd which are good for beginners.

@pierre_r_carosso - 1 month ago

When you see your desired candlestick pattern, dont rush to enter the market immediately; instead place a pending order about 3 pips away from the pattern. This will help you avoid fakeouts/reverals.