Should we ignore loss in Forex Trading?

[Coner1980]

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.

Yes, I agree on the points you rise in your post. So every trader must learn the forex completely before start real trading.

 

[kroxobor]

I wonder to know should we ignore our lossess in Forex and go for next trade or sit back and find the reasons why we are losing? Plz give your kind suggestions.

It's pointless to make analysis of separate trades but it may be useful to examine your trading performance as a whole to get a clue how you will perform in the long-run.

 

[NeilKruger]

when we make losses we got emotional and try to come back from losses , we trade again and again to come out from losses. at the end of day we lost almost whole equity . sad story about losses.

 

[claytantum]

You should not ignore any loss in forex. Instead, you should focus on the mistakes because of which you faced that loss so that you can rectify them and try not to make the similar mistakes again with a new strategy that you can come up with" To make your future trading smooth.

 

[Coner1980]

It's pointless to make analysis of separate trades but it may be useful to examine your trading performance as a whole to get a clue how you will perform in the long-run.

Good advice.

 

[pixel]

You should not ignore any loss in forex. Instead, you should focus on the mistakes because of which you faced that loss so that you can rectify them and try not to make the similar mistakes again with a new strategy that you can come up with" To make your future trading smooth.

Agreed, having awareness of how you can avoid the losses can only happened when you have faced the losses in past. That way, you can tap the opportunity to ensure not to repeat such action again in future, this allowing you to be more in efficient with your trade journey.

 

[StuartWoolridge]

Ignoring losses will limit your knowledge. You may or may not take money home, but if you are taking a lesson, you are paving a way for your future profits.

 

[Oxymoron]

I won’t suggest ignoring your losses, rather suggest analysing them so that you get to know what led to a loss that needs to be improved when you are trading the next time. Take notes and practice them well on a demo account so that you can minimise your losses.

 

[cassius978]

In my opinion, if we are serious about trading, we should not ignore the loss of forex trading. Instead, what we can do is look at those losses and try to avoid them in the future

 

[radex78]

Loss can be a valuable lesson for the future, although sometimes loss is inevitable, traders will be able to improve their trading strategy by learning from mistakes the cause of loss.