On the path of forex trading, every trader has faced challenges, even failures, but it is these failures that shape their solid trading foundation. In this EagleTrader interview, we sit down with new trader Tang Haizhou to discuss failures in trading. This veteran with 8 years of forex trading experience has gradually moved towards stable profitability through strict trading discipline, scientific risk management, and a deep understanding of market fluctuations. But what challenges has he encountered on this long trading journey?

How to face a margin call?

"Have you ever faced a margin call? What was your mindset at that time?" This is a severe test many traders have faced. Trader Tang Haizhou admitted that a margin call had happened to him, and that moment had a profound impact on his trading career. "Before the margin call, I was gambling, trying to analyze the market, hoping for a major reversal. But the result was that the market did not go as I wished."

After the margin call, Tang Haizhou learned an important lesson: accepting losses. He said the margin call made him realize that he should never abandon rational judgment of the market or rely on luck. The calm reflection after the margin call helped him develop strict profit-taking and stop-loss strategies, which became one of the most important rules in his future trading.

How to find stable profits in volatile markets?

Tang Haizhou's understanding of market volatility differs from many traders. For him, market volatility is not just a symbol of risk but also a source of trading opportunities. He said, "I prefer highly volatile markets because volatility creates trading opportunities." However, highly volatile markets also mean higher risks. How does one achieve stable profits in such markets?

Tang Haizhou's secret is: strict risk management. In every trade, he precisely calculates the acceptable risk, usually keeping the risk per trade between 5 to 10 points. Even if the market experiences a significant pullback, he can avoid major losses through precise position control.

Decision-making mindset in unexpected situations

Suppose a trade's position suddenly increases, and the market trend shows a significant pullback. How does one make a decision? Tang Haizhou's answer is: "Close the position and secure the profits." He explained, "A heavy position is already a mistake. Whether it's a profit or a loss, close the position." For Tang Haizhou, market fluctuations are always unpredictable, and discipline and stop-loss strategies help him avoid large-scale losses.

Through this approach, Tang Haizhou consistently adheres to his trading system, not letting market fluctuations or short-term profits interfere with his long-term goal of stable profitability. He always strictly follows his plan, avoiding emotional decisions.

No gambling

As an experienced trader, Tang Haizhou offers very practical advice to new EagleTrader traders. He emphasizes, "Don’t gamble in assessments. First, study the risk control requirements, design effective position sizes, single-trade loss limits, etc., and don’t hold losing positions."

In his view, the essence of trading is not just a contest of technical analysis but also a test of one's psychology. Every trader should clearly understand their risk tolerance, develop a clear plan, and execute it strictly, without allowing any room for gambling.

Tang Haizhou's trading experience and mindset management have helped him stand out in forex trading. By continuously summarizing lessons from failures and successes, he has gradually developed his trading system and adheres to it strictly. Discipline, risk control, and position management have become the key elements of his stable profitability. Therefore, for traders, the first step to growth is not fearing failure but learning from it—a principle that applies not only to trading but also to life. #EagleTrader# #TradingExam# #TraderAnswers# #ForexTrading# #Trader#