Lessons Learned from a Losing Trade
There are a lot of lessons to be learned from a losing trade, some would say you actually learn more from your losers than you do from your winners.
In this live trading video the UK unemployment figures today did not go as expected. I was anticipating a large drop in the GBPUSD after the figures were released. As you can see in this video though the GBPUSD pair did not drop as expected. Thankfully though through sound risk management I was able to limit my losses to just 5 pips.
Make sure you are practicing SOUND RISK MANAGEMENT!
Happy Trading everyone.
Also, a quick note. If you trade using Fundamental Analysis feel free to join our Springboardyourtrading Facebook Group. A lot of good traders in their discussing potential Fundamental setups.