News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Real Time News
  • RT @JoeBiden: Tune in as I deliver remarks on the final jobs report of 2020 and the state of our economy. https://t.co/JEvoHosVGv
  • Crude oil prices have been climbing alongside improved risk appetite, but gains may prove limited as production comes back online. Get your #crudeoil market update from @CVecchioFX here:https://t.co/ZtEklqGWHb https://t.co/wKYtfXoJTs
  • #Gold Price Forecast: Gold Bear Market Rally or Reversal? $XAUUSD Levels - https://t.co/YMVNNwPr1t https://t.co/l9ZmoBHT34
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 0.45% Gold: -0.22% Oil - US Crude: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vFBabBzulR
  • USD/MXN has been in a persistent trend since the top created in the spring and support levels keep on breaking. Get your $USDMXN technical analysis from @PaulRobinsonFX here:https://t.co/GbHR3cjYkY https://t.co/hxijfRZ27A
  • RT @MichelBarnier: After one week of intense negotiations in London, together with @DavidGHFrost, we agreed today that the conditions for a…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.50%, while traders in Wall Street are at opposite extremes with 74.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3JiY63FqI4
  • RT @federalreserve: @federalreserve announces that results from its second round of bank stress tests will be released on Friday, December…
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.57% US 500: 0.54% FTSE 100: -0.03% France 40: -0.04% Germany 30: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kUPvD3A7VN
  • USD/CAD just broke through the October 2018 swing low near 1.28, opening the door for further losses Subsequent support is a little sparse but 1.2678 could provide some buoyancy $USD $CAD Read more - https://www.dailyfx.com/forex/analyst_picks/todays_picks/peter_hanks/2020/12/03/Canadian-Dollar-Price-Forecast-Will-USDCAD-Weakness-Persist.html?ref-author=phanks&QPID=917701&CHID=9 https://t.co/6PpK4RqMUE
Trading is Not About How Much You Win, But Rather How Much You Lose.

Trading is Not About How Much You Win, But Rather How Much You Lose.

2010-07-14 15:01:00
Thomas Long, Course Instructor
Share:

It’s no coincidence that professional traders make money while many new traders do not.  Often you will see a professional spend as much time determining the placement of their initial protective stop as they do in finding their entry.  As the market moves in their direction, they will not hesitate to move the stop in order to protect any gains.  Successful trading is all about identifying and limiting your losses.  In the world of trading there is only one guarantee and that is if you trade, you will have losing trades.  How you manage those losses will have as much of an influence on your long term success as any other factor. 

The idea is to risk no more than you are willing to lose. 

If you don’t want to lose half of your account balance on one trade, then don’t risk that much.  You have a certain amount of control on this when you place your protective stop.  Keep your risk down to less than 5% of your account balance and you will be able to absorb many losers and still remain in the game.  Winning will take care of itself, but you have to have the funds to take the trade in order to profit.  You can do that by limiting your risk to an acceptable level any time you are in a trade.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES