Beginning traders have a tendency to make an addition of another position on a trade that is already losing in an attempt to average out the price more in their favor.
This, they think, will steer the trade towards an even break, even if it fails to profit for them. What happens more often is that the position of the market becomes further away from them. You can generate a gigantic loss from what was originally a relatively small loss.
The lessons learned from this are simple. Never add anything to your losing trades if you want Forex to be profitable for you.
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