Loss

Loss is inalienable part of profit. Do not afraid to lose your money - be afraid of NOT being able to learn on your own mistakes.

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

talanted and smart trader can turn a loss into a profit. not right away, off course - but eventually he'll succeed. But if you don't know how to deal with a loss - maybe Forex market is not for you?

high leverage means high losses , its not true exactly, if there is any risk it is complete with nonsense planning or zero risk management, nothing without it.

loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!

Adribaasmet

Agreed

eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!

Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat

Rohtas posted:

eleonorashatik posted:
loss is a very good thing if you want to learn. Demo loss doensn't mean anything - but try to treat your demo account as your real! it will help you in the future, believe me!

Demo is the key to learning forex. Man who trades on demo will succeed. man who trades live will lose his hat

Yes, I agree demo trading is a key to learn Forex and we must trade with demo for atleast three months to get some good experience which can help us to be a good with live trading later.

Demo is good to test your strategies. I think it should be the first step before going live.

sometimes in spite of having most powerful analyzing risk management trading can be useless , because there is nothing 1005 in Forex trading , its all about luck , i feel sometimes. 

Fernando9 posted:
Demo is good to test your strategies. I think it should be the first step before going live.

It definitely should be. Every beginner should do demo trading to start.

Smith88 posted:

Fernando9 posted:
Demo is good to test your strategies. I think it should be the first step before going live.

It definitely should be. Every beginner should do demo trading to start.

And that too for significant time.

As defeating as losses feel, how we react to lose that is more important than the loss itself, As defeating as losses feel, how we react to lose that is more important than the loss itself I would suggest you have a plan, Make a detailed action plan for future trades, Stop trading: Take a break to figure out what went wrong and also Accept responsibility: You made the loss; be sure to own it.

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.

Thats true. Trader should always use minimum 1:2 risk reward ratio. If your wining trade less that losing, it still bring you the profit.

Loss is a part of forex trading. You can not avoid loss trade fully. That's why you need to manage your risk. You need a good risk reward rario strategy with decent winning percentage. Most people don't bother about risk management. As a result lose a lot of money.

Losing is really very annoying, but you need to treat it as an integral part of trading.

Loss is a part of any business. Trading is not exception to it. You have to learn how to minimize your loss. Treat any loss as your operating cost. If it was a physical business, you would have many more fixed cost and operational cost. By this way you can get less pain when will lose a trade.

Creating and trading through a demo account should be the first step when you decide to become a trader. You could learn valuable strategies and apply them on a demo account. Only when you are fully confident on this platform, even if it takes as long as 6 months, should you start trading live.

from last couple of weeks i am doing loss during news ,
its not general loss , actually news trading is a tough game from all in this trading place.