Loss

Paquito posted:
And that is what you like about Forex? That are all the things that I hate about Forex!!! Each to their own I suppose

My point is: when you have a good trading skill, then nothing is unplayable actually.

For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.

Imamul posted:
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.

No doubt leverage is a good feature but traders need to use this feature smartly! Nice to see, you are conscious of leverage; and I am hope you are calculating risk reward ratio so carefully.

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

Imamul posted:
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

Without learning; the path is too much sticky! Even, there is no way! Only good skilled Forex traders able to make regular money here.

We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.

As a newcomer I fall a great loss , sometimes has lost almost whole balance especially when tried to recover instant loss by revenge over trading.

Mohammadi posted:
As a newcomer I fall a great loss , sometimes has lost almost whole balance especially when tried to recover instant loss by revenge over trading.

I got your point; in this case; you need to take care of money management rules so honestly!

only we can learn when making a loss ,
and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.

in any business, we face losses and have to think about how to get out of this or that situation, but you can protect yourself, firstly, by indicating the allowable drawdown rate, and secondly, by constantly adjusting your investment portfolio to know which assets will help you recover at the moment

Mostly traders especially the newcomers consider high leverage as much risk. But according to me I don’t consider it. If there is any risk, it is completely with non-sense planning and zero risk management plans, nothing to do with high leverage at all.

Loss is part of trading.
Whenever you deny to accept smaller loss it can grow to a big loss.

A lot of people do recommend to make it something like one percent to three percent, but I really do not know anything about you anyway for basically any reason out there. How we can only help with this? You need to trade and then trade even more.

The fact of 90 90 90

AmDiab posted:

Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.

100% doesn’t exist here; that’s way we traders need to follow the money management rules so honestly! Forex is all about probabilities, not certainty.

Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.

I fully agree with OP. Our target is 80%+ profitable trades with minimal drawdown.

This is achieved by being very nimble and constantly reacting to the latest price action that the market is communicating to us. Staying nimble helps you stay profitable!

Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.

most of the looses happens for only one reason which is mistake , i mean same mistake , if we cannot come out from same mistake there is no chance to come out losses at all.