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lost
Apr 06, 2022 at 05:54
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.
Apr 08, 2022 at 04:22
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.
Miembro desde Apr 05, 2021
posts 28
Apr 08, 2022 at 20:20
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 :-)
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Miembro desde Oct 29, 2021
posts 69
Apr 14, 2022 at 04:46
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.
Miembro desde Mar 17, 2022
posts 46
Apr 15, 2022 at 05:36
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.
Apr 19, 2022 at 09:57
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.
Apr 21, 2022 at 08:48
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!
Miembro desde Aug 10, 2021
posts 172
Apr 22, 2022 at 01:33
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.
Miembro desde Apr 09, 2019
posts 516
May 04, 2022 at 10:33
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.
Jun 21, 2022 at 15:16
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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