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having a losses
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Jaykay55

Member Since Jul 03, 2019  5 posts Jaykay55 Jul 03 at 08:36
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme


Right, we know where are the lacking points. Wrong expectation produces greed, greed to lazy, lazy to revenge, and messy circle on. Such people needs (genuine) mentor to fix their engine.

But if traders have lowly attitude with great patience, lessons would be whole lot better for them without cranky noises (err behaviour).

Bansheedo

Member Since Jul 03, 2019  8 posts Bansheedo Jul 03 at 10:05
Forex trading is hard and there will be losses. Most important thing is to accept them and learn from them. Not to get bothered and revenge trade.

Duzragore

Member Since May 16, 2019  9 posts Duzragore Jul 03 at 17:39
Losses are inevitable in forex trading, what matters is how different traders react to these losses. It's important to focus on getting as much trading education as possible, and learn more about risk management. If you experience too much losses, take a trading break and watch from the sides for a while

momo3HC

Member Since Oct 20, 2018  62 posts momo3HC Jul 05 at 19:39
AmDiab posted:
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme


Agree! In this case, learning is more challenging since there is no specific syllabus; besides a number of new traders start their trading without any mentor!


I don`t believe in mentors. I`ve started without and now (8-9 years later) after a long learning i`m not regret about it. Besides so called mentors these days are mainly fake.

frankmartin1

Member Since Dec 18, 2018  39 posts Frank Martin (frankmartin1) Jul 06 at 21:09
Loss is good for forex traders!! Let me explain...

Forex trading is highly risky and your capital at risk. I hope you saw or heard it before.

Forex trading first condition is you have to prepare for loss before entering forex trading. It almost happens with beginners sometimes also with beginners.

But don't give up, just you have to know how to recover forex loss, you may look there for motivation and education https://www.forexvolumes.com/blog/how-to-recover-from-loss-on-forex


If you follow Wikipedia, you can see 'List of trading losses' a big list.

Just proper education and your mental physiology can out of it. So let's begin again

lavis_book

Member Since Jul 09, 2019  23 posts lavis_book Jul 24 at 12:18
According to me, being able to take losses in a positive manner is a prerequisite of becoming a successful trader. Having losses will only take you through your mistakes as a trader and eventually you will learn and start to make good profits. Just be sure that you exit a position giving you losses as soon as possible.

togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) Jul 24 at 12:23
Accepting losses is fine, it is part of trading.
The most important is to keep losses less frequent than profits :)
If your stop losses are too tight you will close trades too soon with loss while they can later turn into profit.
It is hard to determine what is the best approach and definitelly that should differ per trade system.

I like what I trade, I trade what I like
QuincyMCQuincy

Member Since Jul 12, 2019  7 posts QuincyMCQuincy Jul 24 at 12:36
Moving past the stress of a loss is such an important part of being a well rounded trader. The pros do not care about losing, they can be in a loss for months at a time. Getting the Lot size right is very important to feeling better about losses

momo3HC

Member Since Oct 20, 2018  62 posts momo3HC Jul 24 at 16:44
momo3HC posted:
AmDiab posted:
Imamul posted:
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme


Agree! In this case, learning is more challenging since there is no specific syllabus; besides a number of new traders start their trading without any mentor!


I don`t believe in mentors. I`ve started without and now (8-9 years later) after a long learning i`m not regret about it. Besides so called mentors these days are mainly fake.


Congrats mate. You`re damn right. My story is the same. wink

AniLorak

Member Since Apr 18, 2017  701 posts AniLorak Jul 28 at 10:17
That’s the reality; all successful traders made their pro trading skill manually! Besides, managing a good mentor is more challenging than learning Forex! So, new traders need to start their learning process manually!

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