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Are you loosing money in forex?

kieran (snapdragon1970)
Feb 20 2017 at 16:35
1945 posts
You can check the trend on the longer period charts, if your familiar with the pair you will have a rough idea how much it is likely to pull back, if it has been bullish all morning its more likely that it will turn bearish soon, buyers have to be sellers at some stage, change of news or data, have certain levels been tested over a short period of time.

"They mistook leverage with genius".
rob559
Feb 21 2017 at 07:36
1916 posts
one thing that the winners of today in forex trading have in commun, they were all losers of yesteday

korn6
Feb 21 2017 at 08:05
10 posts
I believe that losses prepare us to be lynxes in commerce. Otherwise we would not analyze which are the best hours to trade one or another currency or which are the currency trends that we are negotiating.
The losses I have had have been profiling me as a trader.

korn6
Feb 21 2017 at 08:05
10 posts
togr posted:
hjacob posted:
Losses are part of game and are related to every business. Everyone lose at some point or the other. The fact is how quickly one recovers from those losses and builds gains again. Just don’t get your loss get over your mind and destroy your mindset.


There is a saying to cut loosing trades soon and let profitable trades grow.
The thing is how can you distinguish loosing and profitable? Of course you see trade is in profit or not bu just a bit later it profitable trade can change to unprofitable and vice versa.



I think that is a skill that develops over time, knowledge and experience my friend. Differentiate how profitable in commerce.

vontogr (togr)
Feb 21 2017 at 08:06
4862 posts
korn6 posted:
I believe that losses prepare us to be lynxes in commerce. Otherwise we would not analyze which are the best hours to trade one or another currency or which are the currency trends that we are negotiating.
The losses I have had have been profiling me as a trader.


I would say Lynx is too fast to be good trader. I like more elephant

hjacob
Feb 22 2017 at 10:37
30 posts
togr posted:
hjacob posted:
Losses are part of game and are related to every business. Everyone lose at some point or the other. The fact is how quickly one recovers from those losses and builds gains again. Just don’t get your loss get over your mind and destroy your mindset.


There is a saying to cut loosing trades soon and let profitable trades grow.
The thing is how can you distinguish loosing and profitable? Of course you see trade is in profit or not bu just a bit later it profitable trade can change to unprofitable and vice versa.


Of course everyone search for an opportunity to convert losing trades to profitable ones. Sometimes it is not that easy to judge which trade is losing and profitable, but once you are consistently making profits on a particular trade and total losses are increasing in amount then it’s a signal that you are making losing trades. However, there might be chances when you make few losing trades in between then it is not necessary that complete trade is loss making. Always take risk as per your loss bearing potential.

manu1
Feb 23 2017 at 07:40
10 posts
togr posted:
korn6 posted:
I believe that losses prepare us to be lynxes in commerce. Otherwise we would not analyze which are the best hours to trade one or another currency or which are the currency trends that we are negotiating.
The losses I have had have been profiling me as a trader.


I would say Lynx is too fast to be good trader. I like more elephant



I take the word @togr, strong, big and sure. Definitely the good trader is not rushed to win fast, his priority is to build a sustainable trading platform over time.

manu1
Feb 23 2017 at 07:42
10 posts
snapdragon1970 posted:
You can check the trend on the longer period charts, if your familiar with the pair you will have a rough idea how much it is likely to pull back, if it has been bullish all morning its more likely that it will turn bearish soon, buyers have to be sellers at some stage, change of news or data, have certain levels been tested over a short period of time.


Doing this will free us from losses. But we are not exempt from it, one thing is to lose and another to LOSE EVERYTHING and to be left with nothing.

waltel
Feb 25 2017 at 17:54
10 posts
And who not? hahaha 😁

Samm
proyecto
Feb 26 2017 at 06:52
36 posts
mlawson71 posted:
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.


Exactly, I do not think there is too much risk involved in every operation.
I know it is difficult but we must try to maintain the positive attitude, even if we incur losses. You have to be objective and mentally aware that it is something that can happen at any time.

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