in trading life two things we the traders cant avoid one is controlling emotions and the other is avoiding losses. i hope guys you already got the major point.
we can fight with successfully with losses but cant avoid losses at all. it will happen of course after having good knowledge.
If you care about your profits, then you shouldn’t ignore losses. Why do you face losses? They happen because you are failing somewhere as a trader. When you figure out those things and correct them, you are more likely to perform better. So, never ignore them. Instead, maintain a track of your orders, analyse your performances, and correct wherever changes are required.
Why? Keep a track on your losses if you want to be successful. I always maintain a trading journal to keep track of my trades and analyse them, so I can avoid making the same mistakes.
Losses can be good learnings if one has the right mindset. Maintaining journals is the most efficient way of remembering the past mistakes and guidance for making future trades.
No, we can’t ignore loss in forex trading. It is very important to maintain a forex journal to keep track of losses so that you won't repeat them again.