Ezereombre posted:
Revenge trading is the worst of all! Hate when I do it!
Agreed! If not stopped at the right time, it can lead to major losses.
Oct 22 2020 at 20:19
Loss is a common thing in the forex market. If you can deal properly with the losses you can make your trading career profitable and successful.
Oct 23 2020 at 02:58
true that, losses can demotivate you to continue or in order to cover the losses you mind lose your calm and take wrong trades which might increase the losses ever further. One has to stay cool even in case of losses.
Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.
right now most important trading tip dont trade over ,
because it can make you loser, market sometime moving at random.
because it can make you loser, market sometime moving at random.
Oct 26 2020 at 06:44
Risk management and money management play an important role when you want to minimize your losses.
Nov 02 2020 at 07:33
SofieAndreasen posted:Roberto21 posted:
Lacking of money management is a part of losing, I admit it. But not the foremost at all. The main issue is keeping emotions with lack of good trading knowledge.
You are right. However, SL is also one of the reasons to lose money. Sometimes traders blow their account due to not setting SL in their trade.
Definitely, using orders the right way is a very useful thing as it is impossible to monitor every single one of your trades all the time.
In the work of a trader, there are unprofitable trades. It is a fact . This is part of the job (unpleasant). But they also show what the trader did wrong. Analyze what happened, take a short break and keep working. The main thing is not to start recouping in the market and strive to quickly restore the account. In most cases, you will only make things worse. Good luck to all.
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.
Nov 09 2020 at 10:25
It is obvious for any trader to become emotional after losing. But I believe that these losses must be considered as the stones that pave your way to making profits.
