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Akasuki
Sep 06 2021 at 10:01
519 posts
To minimize loss there should be some rules that need to be followed. That's why discipline is very important. Discipline is the only common thing among all the successful traders.
Reece Rispoli (reece22)
Sep 06 2021 at 19:53
69 posts
lissuhmichelle posted:
i'm new to this and i'm completely lost and have no idea on what i'm supposed to do..


Start the beginning check out babypips preschool
SteveHanks
Nov 13 2021 at 17:57
536 posts
reece22 posted:
lissuhmichelle posted:
i'm new to this and i'm completely lost and have no idea on what i'm supposed to do..


Start the beginning check out babypips preschool
For me, babypips is the best site for learning.
AhmadAli89
Mar 20 at 11:49
45 posts
lissuhmichelle posted:
i'm new to this and i'm completely lost and have no idea on what i'm supposed to do..
You opened this thread near about 6 years ago! I don’t know, what you are doing right now! But, new traders need to practice enough in demo before their live trading; otherwise the live trading would be very challenging!
Bigmouth
Apr 04 at 05:47
25 posts
The good thing about forex trading is that it is flexible. You can set rules in accordance with your trading requirements and when they don’t seem to work, you can change them as per your needs.
Salsitude
Apr 05 at 07:58
22 posts
Imo, the plethora of information that is available is the best part. Unlike earlier, books were only the source for informationBut now beginners can learn from videos, blogs, and can also opt for trading courses.
podunk
Apr 06 at 05:54
18 posts
Losing and winning are the two aspects of all the trades and business in the world. If you’ve lost in forex trading, make sure you learn from the mistakes you’ve committed. You need to stay calm and look at your ways and strategies where you went wrong. Also, as a beginner first learn money & risk management skills properly before trading forex in order to protect yourself from losses.
synaphea
Apr 08 at 04:22
38 posts
You have to set trading rules for yourself. Otherwise, you will keep making moves that you shouldn’t be. Consider backtesting and forward testing your trading strategy so that you can build a trading plan and follow it to avoid all types of distractions.
Adamandeve
Apr 08 at 20:20
17 posts
synaphea posted:
You have to set trading rules for yourself. Otherwise, you will keep making moves that you shouldn’t be. Consider backtesting and forward testing your trading strategy so that you can build a trading plan and follow it to avoid all types of distractions.

Sticking to my strategy and not letting emotions take me on a ride was a lesson well learned :-)
Going in the right direction is more important than taking big steps.
miguelcaron
Apr 14 at 04:46
70 posts
That is exactly the way it is. A lot of traders failed because they did not follow the plan. There is no need to lose your temper or get emotional when things go wrong. Always stay focused on your forex trading strategy, and remember to follow rules at all times. What you should realise is that even the best traders on the planet have their losing days. You just need to analyse your mistakes and take corrective actions.
Commonition
Apr 15 at 05:36
23 posts
For new traders, it’s common not to understand the market. It takes time and education to prepare for the market. You can start with the basic knowledge and then move to demo trading to prepare yourself both theoretically and practically.
Vomitoryy
Apr 19 at 09:57
23 posts
The lost phase is something that every new trader goes through after entering the forex market. When you are surrounded by so many professionals with years of experience and knowledge, you are bound to feel overwhelmed and pressured. But don’t get stressed out trying to compete with the professionals. You should just focus on learning at your own pace and enjoy the process.
reggae
Apr 19 at 11:07
70 posts
Loss can be easily managed if you pay attention to what you should be doing in trading.
nabobe
Apr 21 at 06:57
22 posts
Don't give up when you lose your money in the forex market. Rather look at what went wrong and ensure you don’t repeat your mistakes.
Akasuki
Apr 21 at 08:48
519 posts
lissuhmichelle posted:
i'm new to this and i'm completely lost and have no idea on what i'm supposed to do..
I believe now you are doing live trading! Actually, lose is very common here; this is why new traders need to start their trading journey with demo account! Demo is the best way to learn Forex, and without any fee!
Williamfreed
Apr 22 at 01:33
176 posts
Loss is the part of forex trading and most the new traders face this in the beginning of their trading career and mostly left the forex after loss.
Seb King (sebking1986)
May 04 at 10:33
399 posts
Accepting you don't know what you're doing is the first step on the path to rectifying it.
If you can't spot the liquidity then you are the liquidity.
billysnyder
Jun 03 at 05:34
97 posts
First of all, don't give up. You have to be disciplined and stop when your trading system isn't working. If you're not disciplined, you'll keep losing. But don't think that you can win all the time. The best traders lose about 50% of the time. Also, don't make the mistake of trading too big. Trade ten percent of your account size and keep your bets small. Most people want to bet big and win big, but it doesn't work that way. You have to bet small and win small along the way. If you keep doing this, you'll make money over the long run.
Sublimes
Jun 20 at 04:51
21 posts
Same boat buddy! This is why we joined this forum. All you have to do is read up on some information, learn and practice on a demo for a while until you have a brief idea on what you’re supposed to do. Good luck!
Akasuki
Jun 21 at 15:16
519 posts
lissuhmichelle posted:
i'm new to this and i'm completely lost and have no idea on what i'm supposed to do..
I see you opened this thread on 2015; it’s 2022 and till now the scenario is the same! Learning isn’t any easy option here; it takes such a long time to learn Forex!
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