Loss

If I got 100% monthly return I'd probably be inordinately pleased with myself. I never do quite that much.

mlawson71 posted:
If I got 100% monthly return I'd probably be inordinately pleased with myself. I never do quite that much.

My height return is 58%, usually, I do 10-15%. Even, now I don’t want to make huge money here, because I know my capacity.

LOSS! Perfect way to share my first post.

Loss may not exist figuratively. Because when there's loss financially, there's gain in experience which is of equal value. And when there's gain in experience, it restore all the financially loss + a whole lot gain.

When there's no loss, we would have never come to create new account here, seeking the guides.

Cheers!

NoahMartin posted:
LOSS! Perfect way to share my first post.

Loss may not exist figuratively. Because when there's loss financially, there's gain in experience which is of equal value. And when there's gain in experience, it restore all the financially loss + a whole lot gain.

When there's no loss, we would have never come to create new account here, seeking the guides.

Cheers!

A lot of people make one and the same mistake over and over, when that happens there is no gain in experience, unfortunately.

mlawson71 posted:
If I got 100% monthly return I'd probably be inordinately pleased with myself. I never do quite that much.

If you got 100% monthly one month and try to repeat it next month you will most probably loose everything :)

you can take a big risk, because of the big profits. But you can not get a profit if you do not suffer losses

mlawson71 posted:

A lot of people make one and the same mistake over and over, when that happens there is no gain in experience, unfortunately.

That's sadly true. That's the exact definition of loss, I can say.
Thank you for sharing your view, appreciate it.

togr posted:

mlawson71 posted:
If I got 100% monthly return I'd probably be inordinately pleased with myself. I never do quite that much.

If you got 100% monthly one month and try to repeat it next month you will most probably loose everything :)

I am just as capable of losing everything without making 100% profit the previous month, trust me. :D

I have seen according to my trading experience mostly traders depend on demo trading for acquiring proper basic information about trading; I think it would be better if we newcomers take Babypips school for acquiring real fundamental experience instead of demo account. This trading place always makes sure all basic information with essential terms and conditions.

If any newcomer lose money by overtrading or others immature trading activates there is no possibility to come out from losses. Both of traders lose from here , but the different is the newcomer who got learning Forex he can take a lesion from losses but who losses by trading at random he got nothing. So, after learning don’t frustrated by your lose. It’s a path to learn your more

Mohammadi posted:
If any newcomer lose money by overtrading or others immature trading activates there is no possibility to come out from losses. Both of traders lose from here , but the different is the newcomer who got learning Forex he can take a lesion from losses but who losses by trading at random he got nothing. So, after learning don’t frustrated by your lose. It’s a path to learn your more

Motivational. Thank you! But I see, there have only few traders who have patience enough. A number of them are very hurry.

We generally know about the importance of Stop Loss, its common but don’t know when it is more appropriate to use above all the beginner traders. When was a newbie I lost my whole amount due to not using SL and after that I have been using this trading approach till even though sometimes I get more confident about the real faction of this Market.

Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)

BaldoN posted:
Stop loss is important - the re is no doubt, but what is also very important here to place the stop on correct place. :)

Yes, it’s always important & in this case, support & resistant levels help me a lot.

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.

Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.

Mohammadi posted:
Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.

Fair enough, It is absolutely normal not to have any accurate management plan at some point when you are a beginner. Bad experience is also an experience. The point is to learn from your bad experience and take your lesson.

Loss is something special. If there isn't any, then there may be laziness, or poor management (no risk), no happiness for gain, or no real experience. But it does not exist, every one of us face losses. We are something greater than robot.

Very philosophical. I will try to remember that next time I get a few losing trades