tradingfields.com > USDJPY > USDJPY LOSS

USDJPY LOSS

15th August 2016 contacttf

The average forex trader loses money, which is in itself a very discouraging fact. But why? Put simply, human psychology makes trading difficult.

I got stopped out earlier on USDJPY. The trade did not work out. My stop was too close, a by-product of my trading system. Sometimes we need to accept market losses.

When your trade goes against you, close it out. Take the small loss and then try again later, if appropriate. It is better to take a small loss early than a big loss later.