paidsignal posted:
Patience is most important in trading.
Do trading with patience
thanks for advice!
Trading is like football - if you don't practice you can't win the game!
You know what they say – “Loosing is the first step to winning”
The patience is really important not only in trading but it will help you in your life also. Don’t feel bad for loosing some money because you are gaining experience which will help you a lot in future trading.
Trading can be really close to gambling at some point but here you have to act smart and not count only on your luck.
Be prepared, be calm, stay on track and get all the positives from the losses. Believe me – if you are patient, you will win at the end!
Stay focused! :)
The patience is really important not only in trading but it will help you in your life also. Don’t feel bad for loosing some money because you are gaining experience which will help you a lot in future trading.
Trading can be really close to gambling at some point but here you have to act smart and not count only on your luck.
Be prepared, be calm, stay on track and get all the positives from the losses. Believe me – if you are patient, you will win at the end!
Stay focused! :)
Accept the loss as experience
In football goalies often say - 'you have to admit that sooner or later you will concede, so learn to live with it'. It seems to be the same in fx but don't get the loss blind you or mess your mind! Or you never be successful...
Trading is like football - if you don't practice you can't win the game!
I lost as well at the beginning but as other said - patience is important and constant learning 😄
Knowledge is king!
TiffanyK posted:
You know what they say – “Loosing is the first step to winning”
I would add - don't laugh when someone is taking a step back as he is maybe getting ready for a sprint. 😄 Every lesson learnt from a loss will give you acceleration.
A knight's tale!
I am losing most of the times these days but try to stay focused and improve my market analysis skills so that in the end all goes back to positive and profits.
AlGauthier posted:
I would add - don't laugh when someone is taking a step back as he is maybe getting ready for a sprint. 😄 Every lesson learnt from a loss will give you acceleration.
@AlGauthier I hope you are right because I am in a hard period right now!
GFernandez78 posted:
In football goalies often say - 'you have to admit that sooner or later you will concede, so learn to live with it'. It seems to be the same in fx but don't get the loss blind you or mess your mind! Or you never be successful...
Good point Gabriel, very good comparison concerning also the psychology aspect.
Trade fast, learn fast, never regret!
ben08in posted:GFernandez78 posted:
In football goalies often say - 'you have to admit that sooner or later you will concede, so learn to live with it'. It seems to be the same in fx but don't get the loss blind you or mess your mind! Or you never be successful...
Good point Gabriel, very good comparison concerning also the psychology aspect.
Thanks Ben, I find a lot of similarities between sport and trading.
Trading is like football - if you don't practice you can't win the game!
If you are loosing money in forex you'd like to read this: https://www.myfxbook.com/community/experienced-traders/c%E1%BB%99ng-%C4%91%E1%BB%93ng-vi%E1%BB%87t-traders/717962,51
Good luck!
Good luck!
ProTradersGroup posted:
If you are loosing money in forex you'd like to read this: https://www.myfxbook.com/community/experienced-traders/c%E1%BB%99ng-%C4%91%E1%BB%93ng-vi%E1%BB%87t-traders/717962,51
Good luck!
Sorry, I don't get your point referring to your own thread in this discussion...
NEEnah posted:
I am losing most of the times these days but try to stay focused and improve my market analysis skills so that in the end all goes back to positive and profits.
Keep learning and one day you will become successful. As you said - remaining focused is important but also having a solid plan and clear strategy what you like to achieve. 😄
Knowledge is king!
RPatell posted:NEEnah posted:
I am losing most of the times these days but try to stay focused and improve my market analysis skills so that in the end all goes back to positive and profits.
Keep learning and one day you will become successful. As you said - remaining focused is important but also having a solid plan and clear strategy what you like to achieve. 😄
Thanks Raj! I try to do my best! 😄
I am trading on my Forex demo account with $10,000 equity and have trades on GBP & AUD. I am losing almost $2500 with these trades. I am scared if I go live, I will lose big time. I am not a short term trader. I keep trades for long term and the current loses are scaring me. I really want expert’s opinion. Please help.
Feb 03 2017 at 12:07
Darren72 posted:
I am trading on my Forex demo account with $10,000 equity and have trades on GBP & AUD. I am losing almost $2500 with these trades. I am scared if I go live, I will lose big time. I am not a short term trader. I keep trades for long term and the current loses are scaring me. I really want expert’s opinion. Please help.
It would be much helpful for analyses to share your system you know :)
Feb 05 2017 at 08:20
I lost more than 10% last month. One of my FB friend referred me to Myfxbook to follow someone experienced. I surf few profile (mostly who has higher profit in %) who has real account portfolio here. I found the system/traders has lower fund but higher growth in percentage! They can take high leverage and get lucky! So, I want to find someone who has fund more than 10K in real account and having good track record.
Can anyone help me to find the right person here? Oh! I have seen Major Big brokers logo here. I am trading with Hanseatic Broker, would that be a problem to copy the trades?
Can anyone help me to find the right person here? Oh! I have seen Major Big brokers logo here. I am trading with Hanseatic Broker, would that be a problem to copy the trades?
Helping new traders
kerstin71 posted:
I have seen Major Big brokers logo here. I am trading with Hanseatic Broker, would that be a problem to copy the trades?
I don't think it should be a problem as you can copy whoever you like I believe.
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.
I also think that with trading there is always periods with a loss, small or big but the loss exists in our records.
Feb 20 2017 at 16:17
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.
