How can we handle losses?

Discussion in 'Newbie Questions' started by Rambo35, Jul 21, 2014.

  1. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    Losses are part of the forex trading and you should be able to manage your losses if you want to be a successful trader. It is not only the money that you lose when you have a losing position, losses can also create a fear which will prevent you from thinking and acting properly.
     
  2. nalu

    nalu Confirmed ProfiForex Representative

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    Loosing in is part of the trade in forex. When you lose in forex it should not be a reason to back out instead it gives you time to learn and be part of your experience and for you to learn more strategies and how to avoid such situation from repeating itself. In forex when profitable trade percentage is higher than your loosing trade you can be considered successful.
     
  3. toretton

    toretton Trader

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    It's very important to not concentrate yourself on failure and losses. U can win and u can lose, it's not a Forex dogma, it's all about life. That's why I think "Never give up' is a good moto for all Forex traders..
     
  4. Fxpipper

    Fxpipper Master Trader

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    Every trader hits the panic button at least a few times when starting out..when it comes to losses, it is important to analyze the trade..
     
  5. triplet

    triplet Active Trader

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    Loss in forex has been termed normal and so any trader should not concentrate on loss though its not easy but instead when you lose a trade its is an opportunity to improve in your trading strategies.
     
  6. alexflemj

    alexflemj Active Trader

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    There is no way to avoid losses, however you can try to minimize them by improving your trading strategy.Have a cold drink at the end of the day it really helps :)
     
  7. fxtrue

    fxtrue Trader

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    I agree with #alexflemj . I think traders got to stick with their risk management in order to not lose more than their risk profile states. this may conjointly permit them increasing rising their trading strategy.
     
  8. Fxpipper

    Fxpipper Master Trader

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    I would definitely second the last post, a cold drink sure does help..and of course, a good MM does the trick..
     
  9. Azforex

    Azforex Trader

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    I`m taking it simple way like "always prepare your self to losses"
     
  10. Fxpipper

    Fxpipper Master Trader

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    Lol, a realistic view would hold that one must always be prepared for a few losses when starting out in the markets..
     
  11. ramizjilani

    ramizjilani Trader

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    My slogan for a successful and motivated forex trading - "be positive for the future but be prepared for the loss".
     
  12. Fxpipper

    Fxpipper Master Trader

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    Okay, the last post is a bit of a downer but there's no getting away from it. Trading on the market will result in a few losses and it is up to us as to how to limit the same and analyze the reasons for the dd..
     
  13. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    To cope with the losses, it is important to be able to do an analysis of your mistakes. Do not panic, do not scuff, but just work with your trading strategy, and try it again with demo-account.
     
  14. Fischer

    Fischer Confirmed IronFX Representative

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    We need to take advantages of our losses and learn from them. This way you will convert losses into profits!
     
  15. Jonathan!

    Jonathan! Confirmed IronFX Representative

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    Losses are a part of your trading life. You cannot expect to win constantly. I deal with losses by trying to minimize them as much as possible while at the same time maximise profits. I always place a stop loss on my trading as well as a take profit. I try to have good money management. It's always important that I stay positive. Losses happen many times but this is part of the experience.
     
  16. myfxpt

    myfxpt Master Trader

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    Expect them and plan for them...they are part of the business. ALWAYS use a stop-loss, and NEVER move your stop if price goes against you!
     
  17. Artur

    Artur Newbie

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    there is no trading without losses, so just take it as a part of the game but not a final result
     
  18. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    All people make mistakes. And the loss on forex, especially in early trade - this is normal. The main thing to do analysis work on the bugs. And then the problem may play us just a very good service
     
  19. koyl

    koyl Trader

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    I like that . Having in mind that loss is part of the trade is a good step to be able to handle it and not let it handle you the trader.
     
  20. radex78

    radex78 Active Trader

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    Loss is part in forex trading which sometime inevitable, we can manage the loss with making accurate analysis before making decision in the market, but we also must accept the risk because this is part in trading, with risk management as trader will manage their risk to managed account.
     

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