WHY I HAVE A ''LOSS'' PLAN

MOST PEOPLE ARE FAILING BECAUSE THEY DONT HAVE A LOOSING BUDGET, THEY ONLY GOT A WIN WIN BUDGET. LOSING DOES NOT MEAN YOU ARE A BAD TRADER, IT IS JUST PART OF THIS GAME. IF YOU DONT HAVE A BUDGET FOR IT THEN IT MEANS YOU DONT HAVE A PLAN FOR IT AS WELL, THAT AS A RESAULT LEADS TO REVENGE TRADING, LEAVING YOUR ACCOUNT TO RUN NO MATTER WHAT, GOING ALL IN etc. Lets trade wisely and keep INVESTORS money safe

Thank you for the tip of the day :))

Fuppo posted:
Thank you for the tip of the day :))

YOU ARE MOST WELCOME SIR .

Loosing isn't part of the game. Y'all been taught wrongly. 😂😂

But if course i get your point.

It's just that I've known some formidable traders over time with unending winning streaks and I'm fashioning myself in that line now!

brooktrader posted:
Loosing isn't part of the game. Y'all been taught wrongly. 😂😂

But if course i get your point.

It's just that I've known some formidable traders over time with unending winning streaks and I'm fashioning myself in that line now!

lol .. trust me loosing is part. You can't win trades all the time. nobody has and nobody will. But of course, most fake people on the internet try to convince people they never lose because they want you to pay for a program, they themself are not using. As the saying goes. it easier said than done, especially people who don't have verified public account.

Oh losses, unfortunately, always will be. Treat them philosophically. Take them as a lesson for the future. To become less in the future. But they won't disappear completely. It's a pity. lmao.

WhiteWitcher posted:
Oh losses, unfortunately, always will be. Treat them philosophically. Take them as a lesson for the future. To become less in the future. But they won't disappear completely. It's a pity. lmao.

What do you call losses emanating from error due to parallax?

brooktrader posted:

WhiteWitcher posted:
Oh losses, unfortunately, always will be. Treat them philosophically. Take them as a lesson for the future. To become less in the future. But they won't disappear completely. It's a pity. lmao.

What do you call losses emanating from error due to parallax?

Oh do you mean shifting the focus from a clear error to the one that seems? I would call it that. When there is no way to correctly assess the situation and you start to wind yourself up in a place where you should not.

Or do you mean something else? Might misunderstand you lol.

There is no plan as a loss plan, being a beginner one thing I have learned is that a plan can become a success and loss totally depend upon your attitude and approach.

What do you mean by a losing budget ? What do you do when it is reached? Quit Forex?

Successful traders feel pride trading in forex. But Forex is puzzling to new traders because they hardly understand the market.

This is definitely one of the best pieces of advice I ever got. Losing is a part of the trading process, yet, it should be planned, as to setting a loss target for a day after which you do not trade for the time being until and unless you find out your mistake, and rectify it.

I prefer trading in EURUSD and GBPUSD because I can trade here by using moderate leverage and using the low trading spread.These pairs help me carry a handsome amount of profit.