5 Tips When Negative Floating In Forex Required to Take You to Know

1 # Stick to The Plan

I believe every forex trader needs to have a trading plan to succeed. ‘If you fail to plan, you are planning to fail.’ Before you enter the BUY or SELL order again, you already need an entry and exit plan.

The process of profit from forex will not be complete if you only have an entry plan, but do not know the level at which you want to exit the market. You must also have a level of Stop Loss, risk-reward that you have planned from the beginning before entering the market. How much is capable of losing.

If the market moves in the opposite direction from your position, how much risk can you bear? Is the risk worth it? Do not plan for profit only, there must be a plan when the market does not agree with us.

Stop Loss and Take Profit already exist if you trade in the medium term or long term. So do not panic. Stay with your plan. Just let the market and time determine whether to hit Stop Loss or Take Profit.

2 # Avoid browsing Social Networks such as Facebook or Forums

Before you start trading, you need to have your own trading techniques and test the effectiveness of using demo accounts as many times as possible. And you will act on your account, through your experience, and of course your money.

When floating negative, do not log in to Facebook or Forum.

It's okay, I'm afraid you are "psycho" with a screenshot of the position of a fellow trader who is positive maybe. Add layered, layered. It will test our emotions and feel like Cut Loss only all positions. Release Cut Loss sorry.

3 # Close Computer / Laptop / PC / Platform on Smartphones

Maybe many people have a trading plan, but if the trading position is still positive, you smile happily. Stick with your plan, but if floating is negative how?

Many began to daydream facing the chart. If the candlestick chart from the graph can come out, of course, your eyes are pricked. No need to meditate for a long time. The allegation is indeed big even though there is already a trading plan. Mixed emotions.

Fear also open Facebook or Forex Forum. Easiest. Off the computer. Continue for other work. Stop-loss and Take Profit already exist. Can also close the computer/laptop and go out of the house to do other activities.

Do not spy on MT4 on mobile phones either.

4 # Do not go out at restaurants with other forex traders.

Many have managed to get through the above level of shutting down the computer and leaving the house as possible. The mistake. Many Forex traders like hanging out at restaurants with other forex traders.


Yes or no.

But going out to meet a fellow forex trader when you want to spread knowledge, review, learn from a friend about a new topic is really good. Many make mistakes, floating negatively and go out hanging out with fellow forex traders.

Friends bring laptops, maybe meet at Mamak shops, coffee houses and the like. Chat has a chat, in the head imagine the position that was floating negatively earlier. For example, the position we entered and was floating earlier was BUY.

Once our friend said, “Are you BUY? I'm SELL, I'm positive, the reason is blah blah blah blah… .. ”explained why he was confident in his position. We also got lost, borrowed a friend's laptop, closed position. Loss. Start following him. Once the market is reversed.

Both losses. You have to remember, maybe you use another technique. He uses other techniques. Another way of trading. Other types of risk accounts. So you need to set your stance and avoid suspicion when meeting another forex trader partner when it is negative.

5 # Do not Ego

Many who after mixed emotions, head fibers, continue to open platform and may make changes by stopping stop loss. Remember, if you change the stop loss, it means you are maximizing your potential for more loss.

Maybe if you throw away Stop Loss, your possibility to lose all the capital money. Don't be ego. Acknowledge your weaknesses. Maybe you did not finish the technique test you just tried. Maybe you did not do an in-depth survey. Maybe you are inexperienced, go straight into a real account and deposit then panic. Self-reflection. Take a lesson.

Forex is not an easy thing without enough knowledge and experience. Science needs to keep up. It does not mean you will always be "lucky" to gamble or gamble using a forex account.

Do not take revenge on the market. Tomorrow is still there. Do a review and try trading again when the study is complete, and your heart is calm and confident.

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