Should we ignore loss in Forex Trading?

[Kalanim]

This question is highly discussed in trading community. Personally I believe that every loss should be examined and a trader should find the reasons for the loss to take place. The reasons can be different.
Sometimes there are such situations when the traders do everything right, but the market was influenced by some economic event and it went in the totally unpredictable direction. In this case a trader should put up with it and go further doing what they need to do.
Another question is the loss caused by the mistakes. In such a situation a trader should find out the exact pitfall in their trading strategy and eliminate that. For this purpose many traders, including me, have a trading diary whn we write all our thoughts which precede making deals. In this case it becomes possible to analyze your decision making process and find out which place and which action should be modified in order to make your trading results better. The very danger of leaving all the losses unnoticed is about the fact that such losses will repeat in the future and their amount will grow.
So, a trader should always be ready to modify their trading strategy and the losses are the right indicators which show that something goes wrong or they may be just another representation of the market's unpredictability.

 

[Henry520]

when i try to avoid losses then again i fall a loss by over trading , actually its a very tough game to avoid losses in spite of having good knowledge.

 

[Normalcy]

Losses teach a trader when to cut their losses and when to let them run. It becomes an essential part of Forex trading since the only way traders can make money is by taking advantage of market fluctuations. Losses are a part of the game. However, they should be kept to a minimum.

 

[Ahmed Solaiman]

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.

losing money is a very common thing in this trading place , so we the traders should take losses as a easy thing , otherwise trading life could be dangerous.

 

[nonplussed]

NO! The reason many traders don’t grow is because they don’t learn from their trades. If you want to grow, then you should try to understand the reason for losing a particular trade. Traders should also keep a trading journal. In this way, they will be able to keep track of their progress.

 

[Flummadiddle]

Not unless you want to ignore wins too. Learning from your trades is the best way to progress as a trader. Whether you win or lose, always learn from your trades to become a better trader.

 

[fargone]

NO! The reason many traders don’t grow is because they don’t learn from their trades. If you want to grow, then you should try to understand the reason for losing a particular trade. Traders should also keep a trading journal. In this way, they will be able to keep track of their progress.

Very true. You grow from your mistake, so if you ignore the losses, how will you be able to grow?

 

[Sekiyo]

Problem grow the size they need to be acknowledged.
You won’t be able to ignore a loss for very long.

 

[socool]

Very true. You grow from your mistake, so if you ignore the losses, how will you be able to grow?

Exactly!
Losses are a part of forex trading but it's very important to analyze them and see what went wrong that led you to that situation. And try not to repeat the same mistake again.

 

[Lappaceous]

losing money is a very common thing in this trading place , so we the traders should take losses as a easy thing , otherwise trading life could be dangerous.

Exactly! As a trader, you will definitely lose money at one point or another. You should know how to cope with that. Don’t let your losses and wins overwhelm you. Instead take the necessary steps to minimise risks and learn from your trades.