Otherwise, you will continue to lose money until there is no more money to invest.
What do typical failed traders have in common? See how much you win: Of course, even if you have a trading strategy with stable profits, sometimes you will still lose money. This kind of loss is the cost you should pay for doing the transaction. Doing any industry requires costs, and foreign exchange is no exception. If you don't want to lose money on every order, then you just want to be empty-handed, is that possible?
On the contrary, if you can accept 10, 5 losses and 5 gains, and the profit is a little more than the loss, you can still make a stable profit if you persist in doing it for a long time. This passage actually reveals the nature of the transaction. As long as the mathematical expectation of your trading strategy is positive, all you need to do is repeat the trading strategy. Novices value the profit and loss of each transaction, while experts look at the overall profit and loss.
If you don't even have a set of formed trading strategies, you will lose money. It is imperative not to continue trading because the expected value of the strategy is negative. No matter how much you earn in the short term, if you continue to do it, you will definitely lose 100%. Those who have studied high school mathematics will understand this truth after a little thought.
So, how to build an effective strategy of foreign exchange? First of all, systematic learning is necessary. The only shortcut is to learn directly from professional foreign exchange traders, but the cost is often higher. Some people are unwilling to teach you even if you spend money. In addition to attending some foreign exchange technology forums and contacting some professional traders, you can also enter ForexABC in iQiyi video, and you will see some open classes of professional traders. Don't build a car behind closed doors.