How do you handle your losses?

Discussion in 'General Forex Discussion' started by Rambo35, Dec 16, 2013.

  1. tonci

    tonci Trader

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    If the trader is unwilling to take a loss he or she will be forever closing trades with tiny gains that will never overcome their losses.
     
  2. Pionex

    Pionex Trader

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    I just make a calculation that how much I will loss and then I will stop trading. If it raise in a high rate then I take a break from trading in forex. Sometime I take break of 2 week. Once a quote gone 520 pips down against my order. Then my first target was to recover that loss slowly and then to take it in a high position. When I got my capital back then I started trading with previous tease.
     
  3. kaito kid

    kaito kid Banned

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    Almost all traders, even those experienced ones, have experienced lose even at one point of their trading career. One of the good ways to handle lose is to have a good risk management method. Second is to learn from the mistake and trying to never commit the same mistake again.
     
  4. shl2412

    shl2412 Banned

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    I am a newbie here and i did loses in my account last year and then i leaved forex trading and then my friend told me about this forum because i do not have money to restart forex trading again,i think if we got lose we should plan and manage again our forex strategy and start with new hope ,and i am doing the same after lose .
     
  5. ClueBox

    ClueBox Trader

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    Every trader should understand that loss is a part of trading. And through this loss we learn and become better each time. It's normal to get sad and regret, but we mustn't stay with those feelings and get up take a break and when the good mood comes back try to scrutinize where your plan went wrong.
     
  6. foxcon

    foxcon Trader

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    As new in forex I made some loss recently. I invested $200 and then I made a loss of $40 in a single trade of gbpusd. Then I opened another trade of usdcad and usdjpy I make profit 30 and 20 then I closed the trade. I think I recovered my loss. Moreover I made 10 profit. I learned from loss. Hope it will never done again.
     
  7. Exness Support

    Exness Support Active Trader

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    Big challenge in forex business to cope with losses. And remember loss should not be big and always should be propositional with your profits.
     
  8. tobeone

    tobeone Active Trader

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    Forex is a WAR. And a loss is a missed bullet. You shoot another one and another one untill
    you hit. You should have enough quantity of bullets, if you shoot all at once, you are in trouble, you have to last. To win the game, remain in the game.
     
    Last edited: Jun 15, 2014
  9. davidblack

    davidblack Trader

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    Forex is a good business and it needs hard work to become good trade in Forex. So every trader must have knowldge,skills and experience to make good progress in Forex.
     
  10. Everyone is going to have losses because that's all just part of trading. It's something that you're going to have to live with if you want to trade. You are able to minimize it though by making demo accounts. I think that they are so important which is why I keep bringing them up. The best thing that you can do is use them because you can learn your strategy that you'll be using. I know that I used them and they have helped me out a lot. They are great because you don't have to risk your own money, which is why I used them. There are the downfalls to them though and that's losing the emotion that you had before when you were losing your own money, which is something that you should always watch out for. If you are thinking about using a demo account then I would suggest checking out [URL deleted] because they have the best ones that I have ever used.
     
    Last edited by a moderator: Oct 26, 2015
  11. Trader_from_Hell

    Trader_from_Hell Newbie

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    Losses are not a very big pat for me, cause I prefer a scalping method which is somehow protects me against losses and at the same time this is a good addition to my regular job)
     
  12. davidblack

    davidblack Trader

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    losses are the part of Forex and any trader can not deny this fact. I think there is no trader who has not face loss in forex. So to avoid loss you learn Forex and to get experience about it.
     
  13. Forex Grandeur

    Forex Grandeur Trader

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    well, at least i don't make another post instantly after losing a trade :) i try to find out the reason of last losing trade, try to improve my knowledge and skills and when i get the opportunity, i try to recover my previous losses
     
  14. Luthfi Maung

    Luthfi Maung Trader

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    Agree! I always take a break from my trading to prevent any reckless 'revenge'. Evaluate every steps (both profits and losses) because experience is the best teacher...
     
  15. Lawrence

    Lawrence Active Trader

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    It is always a good thing to take some break from trading as there are times when we may need to look back at the trades that we have done in the past so that we get a chance to correct them and this is where we have to use our own trading experience :)
     
  16. Luthfi Maung

    Luthfi Maung Trader

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    That's evaluation, and we should do this monthly/weekly or even daily in order to avoid the same mistakes improve our trading...
     
  17. Lawrence

    Lawrence Active Trader

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    We have to learn how well we can do our trading and what are the most common risks that we have in our trades. If we are careful we can consider our trading and manage the losses well :)
     
  18. jellyeb

    jellyeb Active Trader

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    Yeah, analysis of losses is very important when it comes to trading improvement, I'd said its essential part of education. Thankfully I've realized it recently but only after 1 year of my trading practice.
     
  19. radex78

    radex78 Active Trader

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    I am use stop loss to manage the risk, but sometime use hedging strategy with put pending order opposite with first order, so if eventually both order buy and sell has opened, whereever trend goes, floating loss remain same until I am open lock hedging, but more prefer use stop loss its simple to manage the risk in every plan trading.
     
  20. Lawrence

    Lawrence Active Trader

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    At times Stop loss can come in very handy as we know that the Forex markets are very much volatile so the fluctuations that happen can drain down our trading funds at any time easily :)
     

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