Many people think that people who are winning on the market never lose their trade. This is not right and when you are trading in Forex, you can lose your money anytime. There is no way that you can tell that you will not lose your money when you are trading the market. People have a misconception that when people trade in Forex, they cannot lose if they have a winning lose. This article will tell you what happens when you have a winning streak in Forex. Many people think a winning streak can make you winner all the time. You have got the market under your control and you can make money all you want. Trading in Forex is not like that and you will understand what can happen to traders and if they lose money with their winning streak. Losing trades are inevitable You might have extensive trading experience but there is no guarantee that you will be able to avoid the losing trades. Most of the novice traders don’t know how to place the perfect trades in the online trading industry. They simply trade based on their gut feelings and blow their entire trading account. You need to understand the fact the outcome of each trade is totally random in nature. So if you don’t trade with proper risk management it won’t take much time to lose your investment. Some novice traders often think to buy other people trading system. But every trader is different in real life trading. Even if you buy the best trading system on the market you won’t be able to make any money. So why do the traders buy other people trading system? This is only to know how the pro traders are trading this market. Even if you follow Forex copy trade service, you will have to face consecutive losing trades. So make sure you are not taking excessive risk in real life trading. Winning streak does not matter You must be shocked to hear that winning streak does not matter in Forex. If you know what you are doing and what you are trading, you can always make the profit. People who trade the market win sometimes and they also lose sometimes. You will not find any professional traders who can say you will win all the time in Forex. A winning streak only means you had a good record on the market but is on the past trade. These trades are over now and you cannot make your streak win you in the trades. It is good to have a winning streak in your career as it can give you confidence but know that these streaks are not important for making the profit. A successful trader can have more losses than winning If you think only winning in Forex matters, you should know that a successful trader can have more losses than wins. If you do not know the market and you have no risk to reward ratio, you cannot make money if you win all the trades at a stretch. If you have a risk to reward ratio, you will have more money on the profit if you lose your trades. Winning streak can tell you what you have done right on your past trades but as the market is changing from time to time, it is best not to believe your winning streak in Forex. Traders can lose with the winning streak If you think this winning streak is the only thing that can make you a successful trader, you are wrong. Many traders do not have a winning streak but they are making a good profit. It is only a number of the trades that you have won. If you want to succeed in Forex, trade the market with strategy. Do not focus on how much trades you have won but how good you are trading.
Not sure why anybody would suggest that those on a winning streak will continue forever and a day? Investment is all about limiting your liability and maximising your upside. Those who get “carried away” when they are on a winning streak tend to increase their bets and will eventually come unstuck with one bad trade wiping out an array of profitable transactions.
