More undisguised advertising BS. Nobody works WITH a broker. You either work FOR the broker (as an employee) or you trade THROUGH the broker (as a client), but a partnership it ain't.
Should we ignore loss in Forex Trading?
- Thread starter Coner1980
- Start date
More undisguised advertising BS. Nobody works WITH a broker. You either work FOR the broker (as an employee) or you trade THROUGH the broker (as a client), but a partnership it ain't.
I am very sure I'll look into my loss. But then when I understand my trading plan strategy and acceptable loss, then there is no need.
i think there is no one who can avoid losses completely even despite of having good knowledge and experience. its an inevitable part of trading that we should accept it easily.
Right. This is what i believe. Learn to take profits and losses in your stride and move forward.
True. That's the best approach.
That's right. Losses cannot be avoided, but yes they can be surely minimized with good management and practice.
loss is our best teacher , most of the time losses taught us a great lesson that profit cant give. so we have to take this loss easily.
how do you decide to enter a trade?
The ONLY question to ask is : Does the backtest show that my system is profitable and the drawdown reasonable?
If the answer is yes THEN you can study your losing trades and try to eliminate some of them with a filter of some kind : a moving average for example, or a confirmation on the smaller time frames.
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