It's the same as any other chart. You specify the price you wanna enter the trade (for limit orders) or simply hit the button for market orders But first, how long do you hold your scalp once you enter the trade? If it's like only 3 seconds, then yeah there's nothing I can suggest. But if your scalp is at least 1 minute or longer, you can use limit orders and accurately time your trades. Also when you enter, do you usually know where you want to enter in advance? Or do you enter haphazardly on a whim? If former, you should definitely use limit orders. If latter, well, you need a lot of help. Don't use the built-in delay because that's the same thing as trading with a delayed chart. But when you're on a sim, you really should not use market orders. It kinda defeats the whole purpose. Just use limit orders but consider slippage and place the order well above the prevailing bid (if going long) or below the ask (if going short). For instance, if ABC is trading 20 x 20.25 and you plan to go long at 19.50. Enter a limit order at 19.75 with an expectation that there will be a slippage of 0.25.
Taking losses is key to trading success. Here's a concise take: 1. The Right Way to Take Losses Stick to your plan—exit when your stop-loss is hit. Keep losses small (risk 1-2% per trade). Learn from each loss—analyze what went wrong. Stay emotionally detached—no revenge trades. 2. How to Practice It Use a demo account to build discipline. Start small with live trades to ease into real losses. Review every loss to identify lessons. Keep a loss journal to track patterns and progress. How do you currently manage losses in your trading?
There will always be losses in trading, it is part of the trading process. It is impossible to always be 100% in the plus in the market. Therefore, an important task of a trader is to be able and willing to minimize their losses by trading according to the rules of money management and setting stop losses in their trading.
To minimize losses, it is important to maintain psychological balance and not give in to emotions. If you have suffered a loss, do not try to immediately recover it by aggressive trading. This will only lead to even greater losses. It is better to calmly analyze the situation and wait for the right conditions.
Losses are inevitable in forex trading because no strategy wins 100% of the time. The key is managing risk, staying disciplined, and ensuring that wins outweigh losses over time.
You also need to be able to analyze your mistakes. This will allow you to find weaknesses and shortcomings in your trading strategy and gradually improve and optimize it.