Should we ignore loss in Forex Trading?

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

  1. this is and old school but really effective than others we have in online.
     
    #371     Jan 16, 2023
  2. Forex trading inherently involves losses, which should never be ignored. Even expert traders may experience losses at times. Even though I copy trades from successful traders on zulutrade, I understand that profits are not guaranteed. I believe that losses are a necessary part of the learning process and should be used as opportunities to grow and improve.
     
    #372     Jan 30, 2023
  3. ron_887

    ron_887

    No, losses are an inevitable part of forex trading and should not be ignored. It's important to acknowledge and learn from losses to avoid making the same mistakes in the future. Losses can provide valuable lessons and help traders develop a more effective trading strategy. Additionally, having a risk management plan in place that takes losses into account is crucial for long-term success in forex trading.
     
    #373     Jan 31, 2023
  4. loss is a inevitable part of trading , so we the traders should take losses as a easy thing , otherwise no way to survive with losses in a proper way.
     
    #374     Jan 31, 2023
  5. if you do loss again and again by same mistake , i think there is no way to come out from losses. new action , new mistake this is okay
     
    #375     Feb 1, 2023
  6. I THINK this message is more appropriate for trading as well real life. happy trading
     
    #376     Feb 1, 2023
  7. I keep track of my losses. Sometimes it's due to psychological issues, and other times it's due to my strategies.

    Before taking any action, determine why you are losing money.
     
    #377     Feb 3, 2023
    Tradess0610 likes this.
  8. after having good strategies sometimes the result of trading can be useless if you dont most powerful analyzing money management.
     
    #378     Feb 3, 2023
    Tradess0610 likes this.
  9. Branos

    Branos

    You can’t ignore losses in your trading. You can’t order yourself not to care about it. Negative emotions tend to take over even the strongest men. However, if you restrict your losses, it won’t be devastating for your depo. It’s impossible to avoid losses completely in trading, but losses can be a part of your trading plan. For example, you may accept some loss if you think that it will pay off. In this case, your loss will be the price for you win (if you control and restrict this), a sort of commission for a profitable trade.
    Very often volatile sessions bring many traps from market makers and if you intend to follow the market, most probably you’ll get into several traps set by market makers and lose money. You need to make your loss relatively small and controllable. You shouldn’t take it as a personal tragedy, but as sort of unpleasant commission that won’t stop you.
     
    #379     Feb 5, 2023
  10. thanks for your nice post, got some fine lines. thanks for your nice reply
     
    #380     Feb 7, 2023