Should we ignore loss in Forex Trading?

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

  1. A successful trader is not the one who doesn’t make a loss but someone who analyses the losses and never repeats the same mistakes. By ignoring your losses, you may save time but you skip an important lesson.
     
    #231     May 4, 2022
  2. If you ignore your losses then it means you won't learn from your mistakes therefore it will be harder to avoid losing money in forex. Reviewing your loss is a proper way for risk management to double-check your analysis, your risk/reward ratio, and so on.
     
    #232     May 5, 2022
  3. Trading comes with risk. You can’t completely eliminate the risk, but you can manage it to minimise losses. Stop losses, T/P orders, and other methods help. Learn from your losses. They give you an opportunity to correct your mistakes and become a better trader.
     
    #233     May 10, 2022
  4. i always try to develop a habit that is how to come back , actually we cant stop losses at all, so we have to make sure the habit how to come back from loss and trade successfully.
     
    #234     Jun 3, 2022
  5. Scepsis

    Scepsis

    Losses should not be ignored but also should not be over thought about. Traders should maintain a trading journal and use it as a guide for future trades to avoid the same mistake.
     
    #235     Jun 7, 2022
  6. Sometimes loss gives a lesson if we learn from the mistake as the cause of loss, because so many reasons traders get loss, from internal or external, means loss from internal because greed, over trading, rush, etc, external may be out of control because dynamic market, connecting problem, etc. thanks to FXOpen all my order mostly instant.
     
    #236     Jun 7, 2022
  7. If you care about growing, then never ignore your losses. They indicate where you lack. Identify your mistakes and take this as an opportunity to learn and grow.
     
    #237     Jun 8, 2022
  8. Scepsis

    Scepsis

    Losses need to be accepted and learnt from. To do so, traders should have a strong and optimistic mindset.
     
    #238     Jun 10, 2022
  9. quest324

    quest324

    No, we shouldn't do it. Yes, we are all trying to make a profit by doing our best. However, if we suffer any loss, no matter how minor it can be, we should analyse it and begin evaluating it so that we do not make the same error again. We should consider this as a part of learning which would ultimately help us to be good at trading.
     
    #239     Jun 14, 2022
  10. loss is a very common part of trading , we should control our emotions when making a huge losses.
     
    #240     Jun 15, 2022