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Traders are willing to gamble a lot of money to avoid a potential loss, rather than immediately accepting a smaller but certain loss. Likewise, traders will hold on to a losing trade, and continue to watch it loses money, rather than face the loss. Why is it that we see money as being so important? The answer stems from our culture. What we esteem as good things are associated with money. Money i...
On a regular basis I get questions regarding Forex Trading in general or AlgoStrats:FX like:- How many Pips do you make per month?- How many Pips does a good trader make per month?- Does your Strategy make 100 Pips a week?Additionally to that, there’s advertisements all around that promise traders 1000 pips a month or performance reports that look like this:This month trades:27 Sep: GBP/NZD +140 P...