To use chat, please login.
Back to contacts

Losses are a part of trading

Mar 02, 2021 at 11:38
1,971 Views
72 Replies
Member Since Jul 19, 2020   298 posts
Mar 02, 2021 at 11:38
Losses are a part of trading forex. We must understand that and accept that so we don't get disappointed but if we learn to control losses and money management we will not lose that much. losing 10 pips is better than 100 pips and that is my opinion so I always use stop loss to make sure I don't lose that much. We also will always have market turning against us so its wise to take profit when we can.
Member Since Jul 19, 2020   751 posts
Mar 02, 2021 at 12:29
No matter what, loss will always be there in forex trading because this market is bound to loss and that is why we must work hard just to ensure that we eradicate part of the loss because we can never get rid of such loss but to minimize it.
Member Since Jul 23, 2020   759 posts
Mar 02, 2021 at 12:39
There is no risk-free investment. Loss is common in the trading market.
Member Since Nov 19, 2020   15 posts
Mar 02, 2021 at 12:51
SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.
YOU ARE RIGHT
Member Since Nov 23, 2020   17 posts
Mar 06, 2021 at 05:54
SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.
Every investment is full of losses and the degree of risk might vary but ultimately it remains as long as you’re investing.
Member Since Nov 23, 2020   17 posts
Mar 09, 2021 at 05:38
Mikehamilton posted:
ramirokeller posted:
SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.
Every investment is full of losses and the degree of risk might vary but ultimately it remains as long as you’re investing.
I agree! I try to focus on my risk reward ratio and manage it properly so that I don’t end up losing so much. How much do you risk?
I don’t risk more than 2 or 3% of my total trade. Works for me.
Member Since Jul 19, 2020   788 posts
Mar 10, 2021 at 01:05
You have to learn a lot from the loss. There will be losses in forex trading, but to manage these losses, you need to create a trading strategy with a positive mindset.
Member Since Feb 04, 2021   35 posts
Mar 11, 2021 at 09:02
How do you guys set the risk-reward ratio for your trades?
Member Since Feb 23, 2021   330 posts
Mar 25, 2021 at 11:19
Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.
Member Since Jul 31, 2019   1 posts
Mar 25, 2021 at 11:32
anybody can trade. anybody can click buy/sell button. anybody can win a trade. but can you do it consistently?

the casino has an edge over the player, yet anyone can win on the roulette table. but the casino has the odds in their favour, over time this makes them profitable.

its a game of odds, put the odds in your favour.

Member Since Jul 23, 2020   869 posts
Mar 25, 2021 at 13:07
Tremblay posted:
Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.
Ture. Traders need a profitable trading strategy to make consistent profits from trading.
Member Since Aug 09, 2017   785 posts
Apr 08, 2021 at 06:38
losses is a very common thing in this area but we take losses as depression but loss always taught us a great lesion.
Member Since Mar 17, 2021   536 posts
Apr 08, 2021 at 14:28
Davidwise posted:
There is no denying the fact that losses are an integral part of your forex trading career. You must come prepared for the losses for a better trading future.
Yes. If you want to make a good trading career, you have to take risks.
Member Since Jul 19, 2020   788 posts
Apr 08, 2021 at 16:41
Imamul posted:
losses is a very common thing in this area but we take losses as depression but loss always taught us a great lesion.
Yes, you are right. I usually start trading revenge without learning from the loss which can never bring the benefits of a trading career. So I need to learn from loss.
Member Since Mar 16, 2021   477 posts
Apr 10, 2021 at 17:58
Loss trading is a negative part that no trader agrees with. If there is a loss, the goal is to cover the loss. So I never reject loss. Let's try to learn from loss.
Member Since Jul 19, 2020   751 posts
Apr 13, 2021 at 13:05
Yes loss is the integral part of trading. We need to develop skills so that we can have more winning trades than losing trades. Otherwise it is not possible to survive in the market.
Sar John (Sarjohn)
Member Since Dec 28, 2020   187 posts
Apr 14, 2021 at 09:38
Market is very unpredictable, try to make a good trading plan and control your losses, Losses are unavoidable, learn from your past mistakes and try not to repeat that mistake again.
Zarhard (zarhard)
Member Since Jan 21, 2021   8 posts
Apr 14, 2021 at 14:58
Losses in the past taught me things that have made me profit in the future. Always good to be optimistic after a loss, just one more lesson to make you a better trader!
Member Since Mar 17, 2021   536 posts
Apr 14, 2021 at 18:22
zarhard posted:
Losses in the past taught me things that have made me profit in the future. Always good to be optimistic after a loss, just one more lesson to make you a better trader!
Loss is the learning part of the trading. If you can amke your mistake as your learning things, you can make a good trading career.
Member Since May 13, 2020   128 posts
Apr 15, 2021 at 07:46
If you draw the right conclusions from your losses, as a result, they will have a positive effect in the future.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.