If you get a forex broker, in a fleeting moment of honesty, he’ll admit that this is the number one problem for nearly every “losing” forex trader. (I don’t like to use the term “losing trader” as it makes it sound like it is a permanent diagnosis, which it isn’t, of course).
This video lays out what the error is, why it is so difficult to “see”, and what you must do to overcome it.
This forex trading mistake is awful, and if you’ve ever been through this, you probably can see how it can literally become a catalyst for a successful trading career (just ask some of the Market Wizards about this.
You’ll need to use this calculator for best results.