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07-19-2013, 04:17 AM #346
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When you losses a trade you only need to stop from trading for several hours or for the entire day so that you can recover your loses easily by trading with a calm mind.loses are painful because they somehow take away part of your confidence and capital .but don't let loses stop you from reaching your goals in trading.
losses can be used as momentum to improve trading techniques.
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07-19-2013, 05:50 AM #347
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Most of the traders normally plan of leaving the trades once they lose in the trades and that is completely because they have absolutely no knowledge of the trade market.There are many beginner traders that invest highly right from their start of the trades thinking that investments are the major factors for them to be making profits here in the field of forex and then they are proven completely wrong by the trade market and thus they lose.
If a trader does not even have a proper market understanding and analysis then no matter whether he invests in millions or billions he can never be making any profits here.Rather a trader who has a investment of 100$ and has understood the market will be able to gain profits here.So that a trader who loses should understand that he can not always be gaining here and should rather understand what mistakes he made and correct them.
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07-19-2013, 06:17 AM #348
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Loss in this case can we use as valuable lesson, cause after loss we take a time to stop fore rest and make an evaluation why getting loss, where the trouble and how to solve that trouble. anyone certainly get loss and any one surely will get loss in this business cause this business has two possibility getting profit or loss. Actually we can not avoid loss but surely we can minimize its with reducing the risk at every transaction, If we do learn previous loss as clearly then we are really more able to minimize our losses in next trade then they know how to avoid losses in same mistakes
and yes loss make us upset , disappointed, sadness and be pressured but for them who want make a good progress after losing trade they will make loss be spirit to be better trade and have passion to do the best in next trade
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07-19-2013, 08:13 AM #349
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You're right. There is no one who can avoid loss in forex so don't feel too depress if you lost in forex trading but it must be lesson to us to become better in trading in the future when we would face similiar condition in the market. If we can use our loss as lesson to become better trader in the future so lose can be useful for us although we won't like to face it.
With learning from losses, we can reduce the possibility of loss so the decision in the future will be better and we can make preparation in our risk management to prevent big loss in one transaction. There is no trader who can win transaction forever so it's good to learn from our mistake.
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07-19-2013, 08:44 AM #350
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When I make a loss trade on my live account then I am just leaving for for few moments and then thinking about what was my wrong about take decision about my order . Then when I find the reason for losing , then I am again come on my chart for make a new analysis and then make a new order to use double lot for recover my previous loses but if my analysis doesn't work with me then I am leaving for forex one day and then come for a good time for open new order by news following .
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07-20-2013, 08:43 PM #351
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i will say that forex traders should not get disheart after facing the loss through forex trading as they should be aware with the fact that loss is also a part of this business. instead of becoming sad or trying to take the revenge from the forex market traders should stop trading for sometime and during that time they should try to determine the causes of their failure to improve their trading.
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07-20-2013, 09:04 PM #352
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yes of course after losing every trader get sad and get angry but loss and profit are part of forex business and no need to dis heart and first of all notice your mistakes because of that have to face loss and avoid to repeat these mistakes in future to succeed in earning profit and prepare yourself for future trading
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07-20-2013, 09:48 PM #353
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Every trade has loss. so there is no trade which has no loss. if there is any trade, who has not loss, it will must be gamble or cheating activities. So we must have to ready to take loss or profit. any time we can loss in our trade. so it is not a loss. but if we get loss continuously four or more trades, then we can call it losing trade. at time we should aware and 100% careful. if we see that our trade is going to our against, then we should close our trade. we must use stop loss option also. after such a big loss, we need to review or remind the whole trade and must have to find out the reason of loss. then we need to give up these mistakes. we need to take rest for some days at that time.
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07-20-2013, 10:43 PM #354
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good and professional trader is one who makes more profits rather than losses. so, after loosing traders we have to get experience from it they have good dedication and Patience is very much required to get sustain in forex . But very less people have this qualities and finally they can surely get success in the market
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07-20-2013, 11:03 PM #355
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When we loss so much or loss every thing we have, the next step to take is to trade on demo account, to learn about the mistake the trader do that make him/her to loss so much, after correcting all of them, the trader can take part in forums to accumulate bonus to continue trading.