Losses are a part of trading

In trading loss will be there. A good trader knows how to recover the loss. They are very calculative and discipline in their trading. But most traders can not tolerate loss. As a result they open revenge trades.

The first step in forex is to accept the losses and learn from the mistakes made so that it avoided during future trades.

Loss is a part of every business. But forex is more risky due to high leverage. Every should know how to minimize the loss. There are different approach one should follow to minimize loss.

@Akasuki Yes you are right. Every trader should know how to minimize loss. As Warren Buffett said, Risk comes from not knowing what you are doing. Skills and experience is mandatory in forex trading.

loss is an inevitable part of trading and no way to ignore even after having in spite of good knowledge and experience , so we the traders have to take losses easily.

P&L, both are inevitable in trading so learn to take both in stride.

forexminded posted:
How do you guys set the risk-reward ratio for your trades?

I prefer using 1:3 risk to reward ratio... It has proved ideal for maximum of my trades.

Brank_A posted:
P&L, both are inevitable in trading so learn to take both in stride.

Pro tip. We have to accept some harsh truths if we want to emerge successful.

for avoiding losses learning is a continues process , because there is no way to stop learning in spite of having good knowledge and experience.

if you can't handle the loss, then the loss will handle you, so be careful, because there is no way to avoid losses in spite of having good knowledge and experience.

Losses are part of Forex trading but how can we minimize them?

Losses are part of trading. Yes, it is...Unfortunately.
But losses have one big PLUS: you start to analyze what have you made wrong. And next time you try do not make the same mistake. Any loss can bring you more profit in future. That's what I think.

In any case, there will be no trading where you will face losses.

no doubt losses are part of the trading. one should never think about win always

Adribaasmet posted:
if you can't handle the loss, then the loss will handle you, so be careful, because there is no way to avoid losses in spite of having good knowledge and experience.

Yes, one cannot just avoid losses, even if we do all our calculations, risk management, stop loss etc, still there will be a chance for the trade to result opposite to your prediction, thus you need to be prepared and work on covering up the loss later rather than just cribbing over it.

Losses are part of trading but at what point do you say your strategy is not working. 1 loss , 10 loss, 100 loss?

Loss sometimes inevitable, this is part in trading forex, sometimes get margin call account also possible when always trade make the wrong decision, if trader can't accept loss as part in forex trading., hence this, not suit and forex not their place

Losses are something to do with the risk management or money management . Losses don't relate to the strategy based on my 11 years experience from trading forex . Always think about risks when opening any trades , have a plan how much you are going to lose rather than how much you are going to win .

Loss is a part of trading. So if you want to cover this loss, you should maintain a risk ratio and plan.