Alan Solarsh names three forex mistakes: misusing leverage and lot size, trading manually instead of with robots, and skipping stop losses. He argues automation removes emotion and that stop losses protect your capital.
Three forex mistakes I would never make if I wanted to stay rich. If you trade forex and you're doing any of these, you're setting yourself up for disaster. Here are three things I would never do. Number one Misunderstanding. Leverage. Leverage isn't just about buying power. Soon it's how many open trades you can run at once. If you crank up your lot size too high, your leverage shrinks and you kill your safety net. Trade smaller lots, keep more trades alive and give yourself room to breathe. Number two. Ignoring automation. Manual trading is emotional trading. Robots don't panic, they don't revenge trade. They just follow strategy while I'm surfing Muisenberg and stacking profits. Number three. No stop loss no chance. No stop Loss is like skydiving without a parachute. Said it. Respect it. Protect your capital. Non negotiable. Trading smart is the only way to win long term. Dear me robot, if you want to see exactly how I automate trading without blowing up accounts.
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