Alan Solarsh breaks down three forex trading mistakes he won't repeat: over-leveraging when small lot sizes preserve trading capacity, manual trading under pressure instead of full automation, and relying on stop losses rather than hedging to protect capital.
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If you're trading forex and doing any of these, you're quietly draining your profits. Let me count down the top three things I'll never do again. Number three over leveraging like a lunatic Most traders think leverage means more buying power. In reality, it limits how many open trades you can run. The bigger your lot size, the less leverage you have. I trade small lots. It gives me more room, more trades, and more chances to win. Number two Trading manually under pressure. Manual trading is emotional suicide. You hesitate, panic or chase revenge trades. I automate everything. The robot sticks to the plan while I relax. Number one Using stop loss instead of hedging. We don't gamble with stop losses. Real traders hedge their positions. That way the plan stays alive. Hedging protects capital and keeps us in the game. Hit like and smash the subscribe button for more tips on how to get rich.