Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
having a losses
Previous 1 2 3 4 5 6 Next
AmDiab

Member Since Apr 18, 2017  652 posts AmDiab Jan 01 at 13:11
Roberto21 posted:
after having a losses from trade we become emotional and trade over and over , we lost our motive and mind , as a result become loser. its more appropriate to become cool when having a loss and stop trading for a while.  


On the other hand, we need to use the Stop Loss trading tool for sure!

EbonyJones

Member Since Jul 20, 2020  61 posts EbonyJones Sep 14 at 13:24
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.

Dictiony

Member Since Apr 01, 2020  109 posts Dictiony Sep 15 at 00:55
EbonyJones posted:
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.

yes, you are right loss is common thing in Forex and most of the traders loss their money and leave forex quickly. But you can minimize your loss if you have proper strategy and plan and also have good money management and these all things come with experience and practice.

AliaDare

Member Since Jul 19, 2020  59 posts AliaDare Sep 15 at 00:57
It is not possible to make a profit in trading if there is emotion. Emotional trading is very harmful to your investment. When I lost a trade, I would open 4-5 more trades to cover that loss, and then I would see that all the trades were lost because I gave priority to my emotions. To control emotions, you need to meditate after each trade close. Meditation helps to control emotions.

Michihito

Member Since Jul 19, 2020  56 posts Michihito Sep 15 at 05:54
Reacting to a loss by opening a new trade is called revenge trade. Never do that. By doing so your mind get messd up. Most of the time we become unable to understand the market. We should be relaxed and think logically and make logical decision.

Tradelist45

Member Since Jun 26, 2020  24 posts Tradelist45 Sep 15 at 07:19
traders make losses due to many reasons , i always make loss by means of same mistake , its very stupid thing i know , and i am trying to come out from this bad habit.

DoraWalletInvest

Member Since Aug 17, 2020  10 posts DoraWalletInvest Sep 15 at 09:55
Losses are not always the result of a mistake. No system is 100% perfect. But definitely don't 'stop trading for a while' (don't revenge trade either ofc) because of a loss. Reevaluate the situation. Consistency is not always gaining, it's minimizing the losses as much as possible.

UweMoench

Member Since Jul 19, 2020  57 posts UweMoench Sep 15 at 10:04
To overcome this issue you need to know what you are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. If you know your strategy, winning percentage, risk-reward ratio properly, you will not react to any loss. Because you know you will recover it.

Roberto21

Member Since May 02, 2019  280 posts Roberto21 Sep 15 at 10:27
from last couple of week i am doing loss during news , actually i dont know why i lose more and more during news in spite of having good fundamental sources.

Mauk

Member Since Aug 26, 2020  8 posts Mauk Sep 15 at 10:30
You are absolutely right, if everything is clearly finished according to your strategy and trading plan, then the sharpness will be quite minimal and the losses will seem insignificant.

Please login to comment.
Loading
Loading
EURUSD 1.18416 GBPUSD 1.29218
USDJPY 104.563 USDCAD 1.32031

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.