Should we ignore loss in Forex Trading?

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

  1. Yes, I agree on the points you rise in your post. So every trader must learn the forex completely before start real trading.
     
    #201     Apr 17, 2022
  2. kroxobor

    kroxobor

    It's pointless to make analysis of separate trades but it may be useful to examine your trading performance as a whole to get a clue how you will perform in the long-run.
     
    #202     Apr 18, 2022
  3. when we make losses we got emotional and try to come back from losses , we trade again and again to come out from losses. at the end of day we lost almost whole equity . sad story about losses.
     
    #203     Apr 18, 2022
  4. You should not ignore any loss in forex. Instead, you should focus on the mistakes because of which you faced that loss so that you can rectify them and try not to make the similar mistakes again with a new strategy that you can come up with" To make your future trading smooth.
     
    #204     Apr 19, 2022
  5. Good advice.
     
    #205     Apr 19, 2022
  6. pixel

    pixel

    Agreed, having awareness of how you can avoid the losses can only happened when you have faced the losses in past. That way, you can tap the opportunity to ensure not to repeat such action again in future, this allowing you to be more in efficient with your trade journey.
     
    #206     Apr 20, 2022
  7. Ignoring losses will limit your knowledge. You may or may not take money home, but if you are taking a lesson, you are paving a way for your future profits.
     
    #207     Apr 20, 2022
  8. Oxymoron

    Oxymoron

    I won’t suggest ignoring your losses, rather suggest analysing them so that you get to know what led to a loss that needs to be improved when you are trading the next time. Take notes and practice them well on a demo account so that you can minimise your losses.
     
    #208     Apr 20, 2022
  9. In my opinion, if we are serious about trading, we should not ignore the loss of forex trading. Instead, what we can do is look at those losses and try to avoid them in the future
     
    #209     Apr 20, 2022
  10. Loss can be a valuable lesson for the future, although sometimes loss is inevitable, traders will be able to improve their trading strategy by learning from mistakes the cause of loss.
     
    #210     Apr 20, 2022