Why do many people lose when trading Forex even with only buy or sell orders?
The main reason lies not in the trading system or trading plan, but in discipline. A good trading system or a reasonable plan becomes meaningless without discipline in execution.
The less discipline, the more emotions will influence your trading decisions. This leads to a loss of control, trading deviating from the original plan, and gradually draining the account until there is nothing left.
This is like a gambler sitting at a betting table. Initially, he has a consecutive winning streak, and his wallet visibly grows. But then, after a few losing rounds, he decides to bet all the money he has won. In the end, he leaves the table with an empty wallet.
In Forex trading, the top priority is not how much profit you can make, but to PROTECT WHAT YOU HAVE. When you run out of money, every opportunity becomes meaningless.
