Should we ignore loss in Forex Trading?

Discussion in 'Forex' started by Coner1980, Jun 16, 2020.

  1. Jasper21

    Jasper21

    No, even your loss will teach you about forex live trading. Use those losses to rectify the mistakes and try not to repeat them because every loss is crucial in live trades.
     
    #91     Jun 30, 2021
  2. according to me there is no way to ignore losses in spite of having good knowledge and experience . so it is more appropriate to take losses easily. it would be more better.
     
    #92     Jul 1, 2021
  3. easymon1

    easymon1

    Padman, Where the heck ya been?
     
    #93     Jul 1, 2021
  4. padutrader

    padutrader

    not much point being here

    also in hospital for 14 days.....thebreak did me good.......i started trading better than ever before......

    cleared the trash out.......brooks for one and most of technical analysis which i have learnt for 30 years .......
     
    #94     Jul 1, 2021
  5. padutrader

    padutrader

    unless you are prepared to take a loss, you can never make money.in fact if you are preapred to make losses you make even more money.......this is something many risk averse traders and people do not understand: i have made more money with a 55% win rate than i have made with a 90% win rate.

    this is because if i am risk averse, i wait for a perfect entry and there are not many of those: so i let go a lot of entries which were not perfect but would have made money anyway .

    au contraire, i have seen that perfect entries, 'obvious trades' turn out 85% [ a rough estimate ] of the time to be traps and it is extremely lucrative to fade those perfect entries, which most experienced traders invariably do
     
    #95     Jul 1, 2021
  6. mab81

    mab81

    No of course not - you need to evaluate why the loss happened so as to improve in your decisions in the future trades
     
    #96     Aug 9, 2021
  7. Esha.J

    Esha.J

    Losses are the stairs that you should look for and climb to achieve at most success. You should learn from your mistakes and try not to repeat them again.
     
    #97     Aug 9, 2021
  8. Adler

    Adler

    It is okay to ignore a few losses but see that you do not repeat them with the same mistake. Losses are also part of building your knowledge about forex, and at the same time, do not stress too much about it.
     
    #98     Aug 10, 2021
  9. in Forex, you cannot ignore a single moment, they must be taken into account in your work and, most importantly, you must understand
     
    #99     Aug 14, 2021
  10. Esha.J

    Esha.J

    Yes, you need to learn consistently in order to ensure your success and you should always try new strategies.
     
    #100     Aug 15, 2021