Should we ignore loss in Forex Trading?

Discussion in 'Forex' started by Coner1980, Jun 16, 2020.

  1. Esha.J

    Esha.J

    Forex Trading is the best way to earn and you should never ignore the losses in Forex as they are the stepping stone towards your success.
     
    #111     Aug 31, 2021
  2. The best is to journal each trade and review them at the end of the week
    Never ignore your losses, understand why it happened and write it down.. was it because of emotions, was it because you had FOMO or was it a probabilistic loss

    Once you start working on your losses, you will have a better understanding and more confidence while pulling the trigger for your next trade.
     
    #112     Oct 13, 2021
  3. Don't ignore them but see if there are any lessons to learn. Often there will be and sometimes you will have done everything according to your plan and the trade just went against you. Variance catches up with all of us.
     
    #113     Oct 14, 2021
  4. Esha.J

    Esha.J

    Yes, through losses, you earn much more valuable things than the money, and that is the experience which you would be earning.
     
    #114     Oct 15, 2021
  5. noframe

    noframe

    If we’ll not ignore losses, how will we be able to move further and progress in forex trading? Try to learn from your losses and never ever repeat the same mistake again.
     
    #115     Oct 25, 2021
  6. Ignoring losses is not the solution. The solution is to analyse your losses so that you don’t repeat them in the future. Keep a trading journal where you can keep a record of your trades. So, whenever you get time, just open your trading journal and see what you need to change about your strategy.
     
    #116     Oct 26, 2021
  7. It is quite good to understand the process behind the losses, you get to know better on why you were making losses so that you can avoid them the next time, providing if you recorded them in journal which will make it easy to help you out in the next trading session.
     
    #117     Oct 26, 2021
  8. Always try and learn from the loads to try and prevent it happening again but saying that there will be loses as it’s part of trading
     
    #118     Oct 26, 2021
  9. Yes I know losses are part of trading and we only can avoid them if we have good strategy and skills of trading.
     
    #119     Oct 27, 2021
  10. benten

    benten

    Yes, losses are part of trading but it's very important to analyze what went wrong which led you to losses. Learn from your losses and try not to repeat that mistake ever again.
     
    #120     Oct 28, 2021