You should not be afraid of drawdown. If you are, you will never make any real money in Forex. Ultimately, the only thing that matters is the cash you can put in your pocket, right?
See Apple stock. It has been multiplied by 1000, yet with a drawdown of 80%. Would Warren Buffet be Warren Buffet if he was afraid of drawdown from his investments?
Actually, the recovery factor is more important than drawdown. It measures how fast your profitable trading system will recover from a drawdown and makes new highs again. Retail forex traders don't know about it, because it doesn't appear in myfxbook metrics.
Hope this helps.
See Apple stock. It has been multiplied by 1000, yet with a drawdown of 80%. Would Warren Buffet be Warren Buffet if he was afraid of drawdown from his investments?
Actually, the recovery factor is more important than drawdown. It measures how fast your profitable trading system will recover from a drawdown and makes new highs again. Retail forex traders don't know about it, because it doesn't appear in myfxbook metrics.
Hope this helps.
Don't give up on your dreams. Keep sleeping.
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