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Category Archives for Friday Q&A

What’s the Best Way to Trail Your Stop Loss?

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Woman protecting money with hands

Happy Friday! This week’s question comes from Taylor, who asks: What’s the best way to trail my stop loss when trading Forex? One of the hardest parts of trading is knowing when to trail your stop loss. Trail it too soon and you get stopped out prematurely. Trail it too late and you take an […]

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What Makes Trading Forex So Difficult?

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Man pushing rock up hill

Happy Friday! This week’s question comes from Sara, who asks: What is it that makes trading Forex so difficult? From an outside perspective, trading should be easy. After all, your only options are buy, sell, or do nothing. That means you have a 50% chance of being right every time you act. At least that’s […]

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How Long Does It Take to Become a Profitable Forex Trader?

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Man standing on top of mountain

I hope you’re enjoying your weekend. This week’s question comes from Kishon, who asks: How long does it take to become a profitable Forex trader? One year? Three years? Maybe five years or more? It’s a question everyone wants answered. I get that. Who wants to devote time and effort to something without having some […]

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How to Recover From a Blown Forex Account

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Empty piggy bank

I hope you’re enjoying your weekend. This week’s question comes from Janene, who asks: Hi Justin, what advice would you give to someone who just blew their Forex account? No trader wants to think about blowing an account. That feeling of going from $5,000 to $1,000 or less is never pleasant. If it’s happened to […]

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Why Do Most Forex Traders Fail?

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Man failing at trading Forex

Happy Friday! This week’s question comes from Manny, who asks: Hi Justin, why do you think so many Forex traders fail to make money consistently? Trading Forex successfully is one of the most difficult endeavors you will ever pursue. If you’ve been trading for a minimum of a few months, you’ll know I’m not exaggerating. […]

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