How to deal with losses in forex

[selena1]

Dealing with losses is considered one of the hardest skills you must learn when trading in Forex markets. Watching your money disappear before your eyes goes against all the human instincts you have. However, you must learn to accept this because you need to know that no one can be right 100% when trading in Forex markets, even if they are experts. Even if you are lucky enough to achieve a series of profitable trades, you must be mentally prepared for the fact that this will end. You have to accept this possibility well, and not try to prolong this series just to satisfy your pride.


Loss is a part of trading in the Forex market. Traders should accept it instead of trying to compensate for it as quickly as possible, which can lead to rushing, loss of focus, and lack of commitment. This affects the strength of the trade. In case of losses and if the trader's mentality does not allow for trading, it is better for them to step back from the market until they regain their focus and analyze the market again. Attempting to take risks will increase the size of the losses. Any attempt to enter the market randomly means not adhering to the trading rules and rushing to open positions, which leads to unsatisfactory results for the trader. Therefore, traders must always accept losses and focus on the next trades in the Forex market.

 

[marym]

The loss has a certain percentage that should not exceed the size of the open deals. Therefore, if the percentage of losses in the total deals increases, traders must stop and not trade. And they stopped, which means that we restructure the trading plan that he is going on. It was my analysis system or the analytical tools used in analysis and entering into deals as well. He must put an end to the profits when he arrives. He should also not stop and take a rest, because rest here and taking a bit of calm will make him successful in making decisions in Forex. The trader should not rush to open deals without studying or from inappropriate areas. If he rushes, the percentage of losing the deal will be Therefore, the trader must set a plan and follow it, and conditions that must be adhered to in order not to lose

There are many reasons for loss and failure in the forex market for the trader, whether he relies on his own method or trades daily. The presence of a solid plan on which the trader trades well, and we did not talk about managing the account, we find that the trader is committed to following the management of capital and does not put a volume of profits or losses

 

[moonchild]

There are a lot of books out there that I can recommend that can help forex traders to redefine their losses and also see them in a different light and it wouldn't bother them anymore, one of the best ones out there is the Phantom of the Pits, a very good book.

It started by affirming that Trading is a losing game and the more you can fake a loss unabated the more opportunities you'll have in winning at it, the philosophy of the book is to take small losses and anticipate bigger moves where you can get on with a big size.