Should we ignore loss in Forex Trading?

[Ahmed Solaiman]

despite of having good money management there is no way to avoid losses , it will happen must .

 

[Homunculus]

No matter how hard you try, losses will be a part of your forex trading career. But you must always find ways to minimize losses. This can be done by analyzing your losses more closely to see what you did that led to a loss. Start working on your failures and you will be able to make better and profitable trading moves. Keep a trading journal and make it a habit to backtest your strategies before you apply them in the live market.

 

[FahadMd]

despite of having much ignorance there is no way to cut losses completely, you must face losses after having good experience about market movement.

 

[Bailiwick]

It’s not easy to ignore losses. You will feel bad about them at some point in time. But you can’t even stop them from taking place. What you can do is incorporate money management techniques into your trading strategy so that losses don’t affect you badly both financially and emotionally.
One more thing, try to find out the reasons why you made a loss. This can prevent further losses.

 

[sebking1986]

Not ignore but accept they will happen no matter how good your strategy. Understand them and learn to identify losses that are just variance and those that are directly attributable to poor trading.

 

[FahadMd]

in order to me the success of any kind of trading strategies depends on your trading money management , otherwise with no money management the result of strategies can be useless.

 

[Tumescent]

Ignoring losses is not a permanent solution to the problem. You have to find the root cause of the issue and eliminate it. If you find an issue in your trading plan, change it with something that works. If you find an issue with your emotions, you better take breaks after losses. This will give you enough time to do introspection and gain more confidence to come back stronger. Also, it will give you some time to relax and get rid of the stress that you have been facing because of failing trades.

 

[JimmyChoo]

according to me , thee is nobody who can avoid losses at all in spite of having good knowledge and experience.

 

[PeterNguyen]

no one can win 100% in the trading, losses are inevitable. However, you can learn from your losses to improve yourself for future trades like better strategy for entry and exit. Ignoring it completely means you would just make the same mistake again on the next trade.

 

[Bouffant]

That’s not a possibility according to me. If you are losing your money, there’s no chance that you won’t think about it. Just take a break to see what happened and what needs to be improved for the next time.