The forex market as I have always known is not a playground. It is a war zone, sometimes you win while some other times you lose. But, as a good trader your win rate should be more than your losing rate. That is what differentiate the men from the boys and what differentiate the victor from the victim. Lose battles but not the war. Make more profit than loses.
Today was not a very good day for me as I lost ..... in this trade taking a sell of the EUR/USD. After taking the trade and losing on it I went back to the drawing table and I asked myself two vital questions:
1. Why did I take the trade? I took this trade without any fundamental consultation and because there was no major fundamental News on Monday the 19th of August 2024. And, on the weekly Time Frame and Monthly time frame, the currency pair was approaching a resistance. However, it all went sour as you can see.
2. What will I do better next time? For the purpose of next time I was suppose to consult the cause of the last bullish movement, and at the same time have an entry in the lower time frame because of my account size. I have learnt my lesson in the hardest way ever. I feel so sorry for myself and next time I will just follow Tradingview, popular say "Look, then Leap"
This is my real account and as I progress learning and earning, as I progress doing more better and correcting my errors and doing better i will be sharing.
All photographs are from my real trading account with exness
Two screenshots was from MT4 App while one is from my exness personal account