We don't lose in forex trading ,we only learn

Lens1000

VIP Contributor
This is a very interesting thread and I so much love the way you put the write up. It is obvious that we don't lose in forex but we learn from failure that we have made. In most cases, we need to apply the global financial risk management rule whenever we are trading Forex . This will give us an opportunity to have a forever mindset so that we will come back the next day to trade. it is not ideal to blow our account on a single trait .

The global risk management theory says that we should only commit 1% of our account on a single trade and that is exactly what we should be doing if you want to continue trading Forex. Because, it will be frustrating if you lose all our funds on a single trade and it will allow not allow us to come back to trade again . That is why I mention that it is quite interesting thread that you have put up and quite educative too. If we have such mindset we would not be regarding forex as a high-risk investment. Rather we will see it as a normal investment that requires technical abilities to pull success.
 

Fardage

New member
I agree. Losses are indeed the best teachers. They help us point out the shortcomings, which we could have never noticed if we keep winning. The more we lose, the better we get in trading. We start analysing things more cautiously when we lose and we get more disciplined.
 

Laminary

New member
With forex trading being a risky activity by nature, traders will always feel that they are going through a roller coaster ride that seems never ending. This requires a constant learning attitude from your own experiences so that you can stay in the market for the longest time.
 

captainKazoo

New member
The right mindset with the right knowledge helps a trader utilise risk management in the best way possible. Risk management is crucial, and even more crucial is to use it in the right way.
 

Lickspittle

New member
It is. However, it is only worth it if you apply your learnings in your trading properly. Always keep track of where you are doing wrong. Critically analyse yourself. That’s the only way to be a better trader.
 

Feeble

New member
This kind of approach can be helpful in emotionally coping up with losses. Sometimes it's not the fault of the trader, but the market changes its movement, and leads to a loss. Many times traders also do not recognise their mistakes and keep repeating it till the time their account is blown.
 

Mudpuppy

New member
It is very common to make mistakes in forex trading but one should never make the same mistake twice. It is important to keep the track of your trades.
 

Cittosis

New member
Through loss, the best lessons are learnt. No matter how much effort you may put into making it the best strategy, sometimes it may fall apart and that is normal. You pick yourself up and learn from your mistakes and try not to repeat it. Loss is inevitable, traders should be mentally strong to accept loss and calculate a risk reward ratio to minimise losses and move forward.
 

Sombole

New member
Learning is never-ending. But preparing your mind for that surely is. When we make a loss, all we want to do is try to recover our money instead of finding out what went wrong. We can change our results if we learn to change our mentality.
 

Vladv26

Member
Preparing your mind is also a never ending process. No matter how much experience and knowledge you have, there is always more to be experienced and learned. That's actually the secret of highly successful people, not only in trading but in every domain. They are constantly learning, constantly improving themselves because they know you can always become better. So, never think that you are perfect and you are the best and know everything because that's what's causing you to lose more. That's a good mentality to have, that you have something new to learn and improve every time you do it
 

Jack Reacher

Verified member
To securely trade forex, you need a secure broker. Everyday trillions of dollars are invested in this market, which is served by several brokers. FXOpulence, a secured broker, offers two smooth trading platforms including mt4 and mt5. They offer high security of funding to traders.
 
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