Should we ignore loss in Forex Trading?

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

  1. Xwell


    In no case should you ignore your losses, you need to draw a conclusion, analyze, so that you can avoid them in the future.
    #41     Nov 12, 2020
  2. Alsafym


    Losses are given so that in the end we could earn good money, so they need to be taken seriously enough
    #42     Nov 16, 2020
  3. Kajir


    Everything that happens to you during trading requires maximum attention and analysis in order to draw conclusions and develop in the future.
    #43     Nov 23, 2020
  4. Marcos


    Losses do happen in the journey of every trader so we shouldn't feel demotivated by them a lot. Instead we try to avoid them when we can.
    #44     Nov 24, 2020
  5. Pegrinn


    Of course, the loss needs to be analyzed and worked out in order to avoid such situations.
    #45     Dec 1, 2020
    rider20 likes this.
  6. rider20


    Absolutely, else losses will keep growing. So we have to find what's going wrong if we want to save ourselves from making losses.
    #46     Dec 8, 2020
  7. Jenzien


    I suggest tracking your loss and analyze what mistake was done. By doing so, it can develop trading skills and help in building new strategies in the future.
    #47     Dec 8, 2020
  8. You can't ignore losses in Forex trading. Before moving forward to a new trade, go through your trading journal, find out the mistake you made, change your trading plan so that you can minimize your trade losses.
    #48     Dec 9, 2020
  9. Vettel5


    If you are an experienced trader that has been in profit and loss situation, you would know which loss to ignore, but if its a beginner under no circumstance you should ignore it.

    Find the error and analyze what mistake you caused and try to avoid them in the future.
    #49     Dec 19, 2020
    Marcos likes this.
  10. kroxobor


    It's impossible. Should we then also to track winning trades that could happen by pure luck? They also distort results, don't they?
    #50     Dec 20, 2020