You Trader! Stop Trading At The Worst Time Possible! - A Common Forex Trading Error
In this video, Marco Mayer, Systematic Trader and head of AlgoStrats.com, talks about one of the most common mistakes traders do, and that's stopping following their strategy just at the worst time possible.
Marco Mayer also gives you some insights on why that is, and why methods have drawdowns at all. With this understanding, you can learn to better deal with drawdowns which are simply part of the trading business.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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