We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
I fully agree with OP. Our target is 80%+ profitable trades with minimal drawdown.
This is achieved by being very nimble and constantly reacting to the latest price action that the market is communicating to us. Staying nimble helps you stay profitable!
This is achieved by being very nimble and constantly reacting to the latest price action that the market is communicating to us. Staying nimble helps you stay profitable!
Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.
most of the looses happens for only one reason which is mistake , i mean same mistake , if we cannot come out from same mistake there is no chance to come out losses at all.
Sometimes, through loss, we ultimately achieve a very good result.
May 08 2020 at 03:50
Loss is inalienable part of profit. Do not afraid to lose your money - be afraid of NOT being able to learn on your own mistakes.
May 13 2020 at 15:17
Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!
May 13 2020 at 18:04
talanted and smart trader can turn a loss into a profit. not right away, off course - but eventually he'll succeed. But if you don't know how to deal with a loss - maybe Forex market is not for you?
May 14 2020 at 15:19
high leverage means high losses , its not true exactly, if there is any risk it is complete with nonsense planning or zero risk management, nothing without it.
May 14 2020 at 15:42
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
May 15 2020 at 07:31
Adribaasmet
Agreed
eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat
Rohtas posted:Yes, I agree demo trading is a key to learn Forex and we must trade with demo for atleast three months to get some good experience which can help us to be a good with live trading later.eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!
Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat
Demo is good to test your strategies. I think it should be the first step before going live.
Jul 08 2020 at 10:41
sometimes in spite of having most powerful analyzing risk management trading can be useless , because there is nothing 1005 in Forex trading , its all about luck , i feel sometimes.
Fernando9 posted:It definitely should be. Every beginner should do demo trading to start.
Demo is good to test your strategies. I think it should be the first step before going live.
Jul 09 2020 at 07:27
Smith88 posted:Fernando9 posted:It definitely should be. Every beginner should do demo trading to start.
Demo is good to test your strategies. I think it should be the first step before going live.
And that too for significant time.
Jul 14 2020 at 12:28
As defeating as losses feel, how we react to lose that is more important than the loss itself, As defeating as losses feel, how we react to lose that is more important than the loss itself I would suggest you have a plan, Make a detailed action plan for future trades, Stop trading: Take a break to figure out what went wrong and also Accept responsibility: You made the loss; be sure to own it.
Aug 24 2020 at 21:32
Mohammadi posted:Thats true. Trader should always use minimum 1:2 risk reward ratio. If your wining trade less that losing, it still bring you the profit.
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Loss is a part of forex trading. You can not avoid loss trade fully. That's why you need to manage your risk. You need a good risk reward rario strategy with decent winning percentage. Most people don't bother about risk management. As a result lose a lot of money.
