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

Chlamys

Member
It’s a little statement with a deep meaning. Our forex trading careers are full of profits and losses. But we only concentrate on profits and try to avoid losses, which is near to impossible. The day we understand that our losses are the strongest pillars of our successful trading career, we can do anything we want. Our profits never teach us any lessons. It’s our losses that make us understand what we shouldn’t do and how we can save our money.
 

Holicent

VIP Contributor
You may be right. There are a lot of things that you can learn by yourself while making mistake, but it's not always easy when you make costly mistake in Forex trading. It is a complex market, and even if you have the most basic understanding of economics, accounting and finance, it can be difficult to understand how to trade effectively on your own.

For example, many people do not realize that there are different types of trades that can be made in forex. The most common type of trade is the "long" trade—you're expecting the value of your currency to go up as time passes (such as if you bought a US dollar). But there are also "short" trades which involve selling currencies at higher than they were purchased for (and then buying them back later). And then there are "neutral" trades which involve neither buying nor selling currencies but instead holding onto them until they reach a certain point in time when they will be sold off or kept depending on what happens with the exchange rate at that point in time (which could mean anything from making $100 on it all day long until selling it off late at night when things finally stabilize).
 

Macrobian

New member
Yeah, that is the point every trader should set in their mind.
Also, it is true, we know very clearly that the reason of loss in trading is our silly mistakes like unable to use stop losses, less understanding of charts and patterns, etc.So, when we loss any order we find our mistakes and improve them, this is a learning session with practice and without any guidance. Moreover, when you learn from these small losses, they help us become better traders and teach us to manage big risks.
 

Suba

Moderator
Staff member
There is no forex trader who never loses, even 10x consecutive profits in forex trading is already very great. So basically let it go if we lose, the most important thing is how we can find the cause of the loss so that it can be repaired and not trapped by the same loss hole in the future. So we must be able to rise even though we have faced many consecutive losses, you can also consult with senior traders in your community.
 

Syngenesis

New member
In forex trading either we earn a profit or gain experience. Every failure is a lesson that will help you to become a profitable trader in the long run. Right mindset will help you take your mistakes as lessons.
 

Impetrate

New member
I totally agree with the statement. I am someone who believes that failure is a stepping stone to success. Losing is a part of the learning process. Even a child will fall and fail when they attempt to walk for the first time. And they never give up as they are not afraid to fall and fail. But when we grow up and become adults, the fear of failure starts eating up our confidence. We rarely try out new things as we fear we may not be good at it. But the thing is you will never be able to learn anything unless you move past this fear and try it out. The same thing is true with forex. Many people give up and quit once they encounter losses. The fear of losing more money holds them back from trading again. The fear is rational as the market is risky. But we have to bear the risk in order to get rewarded with profits. Getting started with a small amount as capital can help to eliminate your fear or at least make it less burdensome. The fear of losses and failure should never be there when we are learning to trade. Just learn from your losses and let go of it. The winner is not someone who never made any mistakes, the winner is someone who never repeats the same mistakes.
 

Theanthropic

New member
Yes! True that!! Losing money in the game of forex can be attributed to a lot of factors. But learning from them is the key. But replacing the word and using learning isn’t a bad idea. But it is a bad idea for those who don’t understand how to trade, and think of forex as gambling. They lose.
 

pawelkolasa

New member
Learning is a continuous process in Fx trading. You lose but you have a chance to redeem yourself by learning from past mistakes. You get better as time passes and loss becomes normal. There is a constant motivation that comes from within that helps us analyze who we are as a person and a trader. You learn how to control major outbursts of emotions and stay calm and composed while you deal with it.
 

Diapason

New member
You have a great mindset and I believe that if every trader starts to feel the same way, they will be able to take their losses easily. Losses are a way used by the market to tell traders what they shouldn’t do. So, instead of crying over your losses, you must learn from them. This is the ultimate mantra of staying motivated in the market.
 

Vladv26

Member
You learn if you want to learn. Because if you don't put in the time to do some research and see what you did wrong and not repeat the mistake again in the future, then you can just continue losing money forever. And this applies not only to forex, but to every investment you make. You can't expect to be successful from the beginning, because you don't have any experience at all. You'll have to lose some money in order to see how everything works in that domain, and next time you can do a better job. Most important thing to remeber is that it takes time and a lot of practice to become good at it
 

Melanie Terrell

New member
Learning is only what makes a person mature as a trader. With learning, you can eliminate several side effects of trading that may lead you to losses. Learning won’t let negative emotions rise in your mind, thus helping you stay focussed on your trades. In forex, you will win and lose, but make sure to stay calm after winning and learn from your losses. This will help you become successful in the long run.
 

Ponmo

Member
Losing essentially means that there is lots more to do. Instead of feeling bad or guilty about loss, think about how it can benefit you in your journey ahead. We only learn through losing; regret only destroys the game.
 

Henpeck

New member
I wonder how many people have this view in trading. Those who lose in the forex market focus on their loss and never on the mistakes they made while trading. If they do so, they will succeed. But many people do not do that even though the loss is a part of forex.
 

Jack Reacher

Verified member
If a trader wants to conquer trading success, he must focus on learning how to analyze the market. Success is the result of hard working, passions, trading in the right track. They can’t determine which track they should be in. Learning is not a hard job nowadays.
 

Asahi

Verified member
Forex broker is an important issue! Broker works as an intermediary between traders and the market. Brokers provide numerous tools and software that link a trader directly to the market. That’s the role of a broker is undeniable and we should be careful about selecting brokers. It’s because a scam broker can snatch away traders’ capital and make issues while trading. I know Eurotrader to be a secure and regulated broker.
 

Polyglot

New member
I believe this is an interesting approach. Traders should learn to accept their losses rather than wasting time being depressed about it. If you have made a loss, take it as the money spent in learning what mistake you commit. But a flaw with this theory is that, sometimes it is not the fault of the trader, because the market can change unpredictably.
 

Jenet

New member
Your strategy, education, tactics, and skills do have a role to play in the success of your trading career. But a learning attitude helps you stay in the market for the longest. When you know that there is always a scope of learning, you automatically tend to accept losses and analyse your performance so that you don’t repeat your mistakes.
 

Ivo Zetticci

Verified member
Those who have good candlestick knowledge are more likely to rely on binary option trading. A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If not, you lose your initial stake, and nothing more.
 

Numiinous

New member
It’s not easy to keep calm when you lose your money. It’s also not easy to keep trading after making a loss. But this is surely the difference between a successful trading career and short lived trading career. If you make it a habit to analyse your performance after a loss, you will head on to your journey to a successful trading career.
 

Jack Reacher

Verified member
The journey of a trader is not smooth all the time. Forex offers you an adverse environment and you have to work hard to come up with the market situation. Otherwise, you won’t be able to conquer Forex trading and it will remain an ever-lasting mystery for you.
 
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