Losses are a part of trading

Losses are a part of trading forex. We must understand that and accept that so we don't get disappointed but if we learn to control losses and money management we will not lose that much. losing 10 pips is better than 100 pips and that is my opinion so I always use stop loss to make sure I don't lose that much. We also will always have market turning against us so its wise to take profit when we can.

No matter what, loss will always be there in forex trading because this market is bound to loss and that is why we must work hard just to ensure that we eradicate part of the loss because we can never get rid of such loss but to minimize it.

There is no risk-free investment. Loss is common in the trading market.

SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.

YOU ARE RIGHT

SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.

Every investment is full of losses and the degree of risk might vary but ultimately it remains as long as you’re investing.

ramirokeller posted:

SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.

Every investment is full of losses and the degree of risk might vary but ultimately it remains as long as you’re investing.

I agree! I try to focus on my risk reward ratio and manage it properly so that I don’t end up losing so much. How much do you risk?

Mikehamilton posted:

ramirokeller posted:

SofieAndreasen posted:
There is no risk-free investment. Loss is common in the trading market.

Every investment is full of losses and the degree of risk might vary but ultimately it remains as long as you’re investing.

I agree! I try to focus on my risk reward ratio and manage it properly so that I don’t end up losing so much. How much do you risk?

I don’t risk more than 2 or 3% of my total trade. Works for me.

That’s right. All we can do is use effective risk management to minimise our losses otherwise there will always be some risk with investments. Like I recently lowered my leverage on a trade or it would have ruined my profits. For brokers I used Etoro since the commissions and spreads are low and that saves some of my money.

You have to learn a lot from the loss. There will be losses in forex trading, but to manage these losses, you need to create a trading strategy with a positive mindset.

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

There is no denying the fact that losses are an integral part of your forex trading career. You must come prepared for the losses for a better trading future.

Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.

anybody can trade. anybody can click buy/sell button. anybody can win a trade. but can you do it consistently?

the casino has an edge over the player, yet anyone can win on the roulette table. but the casino has the odds in their favour, over time this makes them profitable.

its a game of odds, put the odds in your favour.

Tremblay posted:
Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.

Ture. Traders need a profitable trading strategy to make consistent profits from trading.

Yes, there are losses that people can’t always avoid and they have to live with them. Traders can surely manage them but they are unavoidable.

losses is a very common thing in this area but we take losses as depression but loss always taught us a great lesion.

Davidwise posted:
There is no denying the fact that losses are an integral part of your forex trading career. You must come prepared for the losses for a better trading future.

Yes. If you want to make a good trading career, you have to take risks.

Imamul posted:
losses is a very common thing in this area but we take losses as depression but loss always taught us a great lesion.

Yes, you are right. I usually start trading revenge without learning from the loss which can never bring the benefits of a trading career. So I need to learn from loss.

Loss trading is a negative part that no trader agrees with. If there is a loss, the goal is to cover the loss. So I never reject loss. Let's try to learn from loss.