Loss
Mitglied seit Mar 03, 2020
21 Posts
May 08, 2020 at 03:50
Loss is inalienable part of profit. Do not afraid to lose your money - be afraid of NOT being able to learn on your own mistakes.
Mitglied seit Aug 27, 2017
994 Posts
May 13, 2020 at 15:17
Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!
keeping patience.......
Mitglied seit Feb 19, 2020
19 Posts
May 13, 2020 at 18:04
talanted and smart trader can turn a loss into a profit. not right away, off course - but eventually he'll succeed. But if you don't know how to deal with a loss - maybe Forex market is not for you?
Mitglied seit Aug 27, 2017
994 Posts
May 14, 2020 at 15:19
high leverage means high losses , its not true exactly, if there is any risk it is complete with nonsense planning or zero risk management, nothing without it.
keeping patience.......
Mitglied seit Mar 02, 2020
14 Posts
May 14, 2020 at 15:42
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
forex_trader_745947
Mitglied seit Jul 08, 2019
57 Posts
May 15, 2020 at 07:31
Adribaasmet
Agreed
May 15, 2020 at 11:26
eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat
Jul 06, 2020 at 00:12
Rohtas posted:Yes, I agree demo trading is a key to learn Forex and we must trade with demo for atleast three months to get some good experience which can help us to be a good with live trading later.eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat
Mitglied seit Aug 27, 2017
994 Posts
Jul 08, 2020 at 10:41
sometimes in spite of having most powerful analyzing risk management trading can be useless , because there is nothing 1005 in Forex trading , its all about luck , i feel sometimes.
keeping patience.......
Mitglied seit Jun 24, 2020
34 Posts
Jul 09, 2020 at 07:27
Smith88 posted:Fernando9 posted:It definitely should be. Every beginner should do demo trading to start.
Demo is good to test your strategies. I think it should be the first step before going live.
And that too for significant time.
Mitglied seit Jul 06, 2020
28 Posts
Jul 14, 2020 at 12:28
As defeating as losses feel, how we react to lose that is more important than the loss itself, As defeating as losses feel, how we react to lose that is more important than the loss itself I would suggest you have a plan, Make a detailed action plan for future trades, Stop trading: Take a break to figure out what went wrong and also Accept responsibility: You made the loss; be sure to own it.
Mitglied seit Jul 23, 2020
759 Posts
Aug 24, 2020 at 21:32
Mohammadi posted:Thats true. Trader should always use minimum 1:2 risk reward ratio. If your wining trade less that losing, it still bring you the profit.
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Aug 25, 2020 at 07:58
Loss is a part of forex trading. You can not avoid loss trade fully. That's why you need to manage your risk. You need a good risk reward rario strategy with decent winning percentage. Most people don't bother about risk management. As a result lose a lot of money.
Aug 28, 2020 at 05:24
Loss is a part of any business. Trading is not exception to it. You have to learn how to minimize your loss. Treat any loss as your operating cost. If it was a physical business, you would have many more fixed cost and operational cost. By this way you can get less pain when will lose a trade.
forex_trader_1955784
Mitglied seit Sep 30, 2020
13 Posts
Oct 07, 2020 at 08:21
Creating and trading through a demo account should be the first step when you decide to become a trader. You could learn valuable strategies and apply them on a demo account. Only when you are fully confident on this platform, even if it takes as long as 6 months, should you start trading live.
Mitglied seit Jan 11, 2019
147 Posts
Oct 08, 2020 at 09:17
Kazile posted:
Losing is really very annoying, but you need to treat it as an integral part of trading.
Undoubtedly losing is annoying but forex is very volatile market and one has to prepare themselves to bear losses as well
