One of the most frequent mistakes when it comes to trading, on any market, not just Forex it’s overtrading. Overtrading can lead to substantial losses when the market is not clear enough.
But the other extreme isn’t that good either, trading less frequently when the market has clear market conditions can stop us from reaching our goals on a monthly basis.
There is no “right” amount of trades to be made on one particular day, week or month! I guess that depends on each trader and the methodology each one of them is following.
But we know something for sure: If you are consistently losing money it’s because:
- You don’t have a complete and sound strategy (or not following it). This includes using money management, risk and trade management, entry system, SL and TP orders, etc.