Should we ignore loss in Forex Trading?

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

  1. It depends on your trading result, if you are getting a minimum standard trading result, then surely you can avoid the 2-3 SL’s! But if you face SL’s consistently, then you need to go back demo & restart your learning process! On the other hand, money management is such an important parameter here, don’t forget to apply this rule on your live trading!
     
    #211     Apr 21, 2022
  2. what you think there is any difference between money and risk management ?
     
    #212     Apr 21, 2022
    radex78 likes this.
  3. Money management involved position size, while risk management involved max risk per trade.
     
    #213     Apr 21, 2022
  4. risk management would involve like risk/reward ratio and calculating how many risks you are willing to take per trade while money management would involve what leverage and lot size should you choose given your current budget. They are both necessary in order to maintain a good performance in trading.
     
    #214     Apr 22, 2022
  5. In my opinion, we should not ignore loss in forex trading. Instead, every loss should be examined carefully.
     
    #215     Apr 23, 2022
  6. you can ignore the losses , its your own choice but of course loss will not ignore you , he will meet with you at any issues. so keep relax .
     
    #216     Apr 24, 2022
  7. Loss is part of trading, sometimes inevitable, traders must accept the risk, learning from loss could give us a valuable lesson if traders can recognize their mistakes.
     
    #217     Apr 24, 2022
  8. bublu

    bublu

    Eventually we will have to let go off our losses in order to become successful future's forex trader. It can happen even to professional traders who the uses tight stop loses to manage their trades and cutting off loses earlier before they can take out the entire accounts.
     
    #218     Apr 25, 2022
  9. FahadMd

    FahadMd

    successful trade comes from good experience and good knowledge which comes from long time experience.
     
    #219     Apr 25, 2022
  10. kroxobor

    kroxobor

    You should ignore emotional side of a loss however make sure that it wasn't result of violating rules of your trading plan.
     
    #220     Apr 25, 2022