10 Common Mistakes Forex Day Traders Still Make
In the forex market, human error is widespread and often results in recurrent trading blunders. Inexperienced traders are more likely to make these kinds of blunders. Traders that are aware of these mistakes may improve their forex trading efficiency. Consider these 10 typical mistakes before you start Forex trading. Don’t Chase Your Losses Your win rate and risk-to-reward ratio are two important metrics to keep an eye on while trading. Your win rate is the proportion of deals in which you succeed. As an example, if you win 60 out of 100 deals, you have a win rate of 60%. A day trader should aim for a win rate of at least 50%. Keep your reward-risk ratio over 1, and … Read more