My First Drawdown Trading the Forex Market
If there's one thing that really annoys traders, its Drawdowns.
The good news is, you can recover pretty fast from it if you have a good methodology set in place.
Back in December 2016, when I have just wrapped up a year of good returns, I had no system in place yet to
learn from my bad trades. And because I was travelling, I was destabilized by
the timezone difference and for 3 weeks I was not able to find a good trade. What I did was lowered my
standards and started trading outside of my system but it was a big mistake.
That caused me 8% drawdown and this could happen to you too!
Your account either crashes or recovers from it but its how you deal with it after that matters.
In this Granby Forex trading vlog, I will share the story of my first drawdown in the Forex market and how it
became a big turning point for me in my trading journey.
I am going to cover what I had to face and my struggles and how I overcame it.
If you want to watch the full video, head over to the Desire To Trade Youtube Channel!
And you can learn my 3+ main trading strategies in this playlist!
If you got value from this video, you might want to consider checking out the Desire To TRADE Academy where I’ll help you develop a solid trading strategy, implement the things successful traders do, and more! That's all going to be done while you build a lifestyle you love!
If you are wondering how to put together a solid trading plan for trading Forex for others, I recommend you grab my FREE One-Page Trading Plan Template. It will help you simplify your trading strategy on a single page!