Should we ignore loss in Forex Trading?

[Thalposis]

Imo, forex losses hurt the most when a trader trades with the money which is important for him. Under the influence of greed they make such trades which sometimes leads to losses.

 

[radex78]

Greedy is the most reason for losing trades, the market is full of uncertainty, while greed relies upon luck and it never comes all the time.

 

[Coner1980]

No forex trader should ignore losses; you need to find a conclusion and analyze the mistake so that it can be avoided in future.

Good suggestion, but why do most of the traders fail in trading? What can be the main reason?

 

[GoldDigger]

Good suggestion, but why do most of the traders fail in trading? What can be the main reason?

Most traders fail because they don't bother
to learn the basic fundamentals. There
are other reasons but that is the main one.

 

[pixel]

Good suggestion, but why do most of the traders fail in trading? What can be the main reason?

Poor knowledge and inability of understanding the scope of forex markets.

 

[Coner1980]

Poor knowledge and inability of understanding the scope of forex markets.

Right!

 

[radex78]

Good suggestion, but why do most of the traders fail in trading? What can be the main reason?

There is so many reason behind failure in trading.

• Lack of knowledge and experience.
• Greedy and or overtrading
• Lack of discipline in trading rules or tend to reckless in decision making
• Fear of missing out.
• Dynamic market fluctuation has its own risk of volatility
• Etc.

Just one small Positive thought in the Morning

How to control Excitement and Anger

Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members.

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[Coner1980]

There is so many reason behind failure in trading.

• Lack of knowledge and experience.
• Greedy and or overtrading
• Lack of discipline in trading rules or tend to reckless in decision making
• Fear of missing out.
• Dynamic market fluctuation has its own risk of volatility
• Etc.

Just one small Positive thought in the Morning

How to control Excitement and Anger

Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members.

Learn Forex Trading with FXOpen Forum

Very positive and informative post. Thanks for sharing.

 

[Mustache]

Very positive and informative post. Thanks for sharing.

Traders could fail due to various reasons. Lack of discipline, poor trading psychology, and no workable trading strategy are some of top reasons why traders fail. Newcomers are eager to make money without acquiring any skills. They undermine risk in the market and end up failing.

 

[Svetlana Loboda]

Loss is part of trading, before joining a broker, there are terms and conditions and there are risk disclaimers on the agreement, so the loss is a common thing in trading, but taking lessons from the loss maybe will get a valuable lesson in the future.

simple word but fine answer. thanks for nice post