how many losses ?

It is possible to learn a lot from Loss. If you want to develop skills, you need to learn from Mistake.

When you enter the market, come with the mindset that there will be losses and you cannot do without them. Learn from your losses and come back stronger.

Yes, completely avoiding a loss is never possible while one is trading. Still I have seen many traders aiming for it, rather they should try to analyse their losses and try not to repeat the same error in future. This ways they can minimise their losses, if not completely bring them to zero.

Trading plan is essential for all kind of investment. Trading plan include strategy, analysis, risk/money management etc.

Some are capable of a trading plan because they do not understand all of its benefits.

Try to maintain a risk-reward ratio of more than 1:1.

No one can deny the loss. Therefore, to control the loss, it is necessary to maintain a 1: 2 risk ratio.

There is no limit of losses. That's why you need to skilled and experienced. And mentally well equipped. Otherwise losses will happen.

AniLorak posted:
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.

Losses are part of trading and learning

Unellene posted:
there can be really a lot of holes if the trader does not correct his mistakes at work

Every trader should make their mistakes as their learning tools.

I tend to suppose that the amount of losses doesn't matter at all. The matter here what lessons did you take from these losses. The main here is to understand that every loss is a lesson, and you should check all your mistaken in order not to face losses because of the same mistake again in future. It's pretty difficult I know, however in this case you will develop your skills in trading twice faster.
Some traders give up the idea to continue trading after loss strick, but I don't think it's a right behavior. The right behavior is to have an ability to take these losses and move further.

It's almost impossible to determine how many losses you should have before you get enough experience and will trade without losses. Basically, as far as i concerned, even professional traders have losses, however of course they rarely have them, but even them aren't protected from losses and mistakes. Trading is all about constant learning and practicing. The market changes daily and that's why sometimes traders aren't ready for sharp changes on the market. I believe that you will have losses until you will be experienced enough. It's pretty important in trading to have losses, even in case they disappoint you a lot.

RobSchiz posted:

AliaDare posted:
It is possible to learn a lot from Loss. If you want to develop skills, you need to learn from Mistake.

Yes. every trader should make their mistakes as their learning tools.

In order to develop skills, it is necessary to build knowledge from mistakes. Otherwise it is impossible to make a profit.

Don’t lose your passion for sticking to forex trading come what may. Money management and lot sizing are inseparably connected.