Should we ignore loss in Forex Trading?

[Muffuletta]

Never! You will only improve if you learn from your trades. When you fail, learn to backtest your strategies, check for loopholes, and modify them for future trades.

 

[Feculent]

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

I truly agree with your statement. Losses in forex should not be ignored instead accepted. They allow us to learn and do better.

 

[Henry520]

loss is one of my best friend because i meet with losses almost every week.

 

[GoAhead]

Losses should never be avoided in forex. Instead, one should find ways on how they can improve and avoid it in future.

 

[bublu]

New traders lose money in forex and some also losses more money while chasing their lost money however those who let go off these losses eventually become successful in future.

 

[Money Trust]

From my experience, it depends. If you mean ignore your losses in the sense that you have a solid system and that that particular trade just didn't work out despite following your system and you're "ignoring" it and moving along to the next, I think that's a healthy approach. I say that because I had a REALLY bad habit of letting losses get to me to the point where I'd stop trading for a while until I felt up to it again. But, for the most part, that came from me not following my rules. I'd either take haphazard trades or I'd plan a trade, execute it and close the position before the trade had a chance to work out.

 

[kroxobor]

Losses should never be avoided in forex. Instead, one should find ways on how they can improve and avoid it in future.

Should never be avoided or can't be avoided? Looks like you want to do harm to yourself in financial sense making such claims lol. Instead of a number of losses I prefer to focus on average loss per trade and find ways to make this parameter of my system as low as possible.

 

[Sycophant]

It is not a good idea to ignore losses because your losses can teach more than your profits. You don’t only know what not to do but also get well-versed with how the market can behave at times and how well you need to be ready with your risk management strategy.

 

[kroxobor]

I think every loss should be carefully analyzed however it's not easy if you don't have right tools or framework of how to interpret single losses. This may take time to develop though.

 

[bublu]

I think if we are in learning phase then better sticking with a demo account which comes up with virtual funds so even if we lose we actually don't lose anything yet learn from our mistakes.