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Losses are inevitable

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  • Losses are inevitable

    EVERY trader....even the greatest experiences loss and it is important to learn from your losses and turn your losses into profits! If you haven't lost, you haven't learned. The hardest part of trading is learning to deal and cope with the losses, learning from them, and turning those lessons into the foundation that can help you achieve major wins.

    Key points for a successful trader:

    1. Learn to accept failure

    2. Manage your risk

    3. Track every play

    4. Find your edge

    5. Be patient

    6. Never stop learning
    Last edited by Evelynlee8844; 01-25-2018, 05:27 AM.

  • #2
    Very true. We should learn from the failure and keep track on what we did wrong. We should also have a good risk management strategy. A good reminder!


    • #3
      Is that possible if we can't loss in forex?


      • #4
        This is very good thread with good points how to handle loss. They are inevitable part of Forex trading and traders should use them as a learning material as they exactly point to deficiencies in trading skills or strategy


        • #5
          Just like in any other trade, it is a normal thing to get losses as you trade. Though losses, are inevitable, you can reduce your losses by ensuring you manage your risks properly. Without proper risk management practices, any trader is bound to fail, whether a newbie or experienced


          • #6
            Losses are of course inevitable, just like in any other business. Forex trading is however riskier than other businesses, which means a trader has to take extra caution, learn how to manage risks, and build a winning strategy. If you learn how to identify and avoid scam, you'll be able to minize your losses