We can compete with the market but adjust according to it and minimise losses by using the right techniques and tools.
Should we ignore loss in Forex Trading?
- Thread starter Coner1980
- Start date
Losses in forex trading are inseparable and can’t be avoided completely. Following the trading plan and using strict stops on the predefined levels is very important to mitigate the risks involved in trading.
Losses in forex are inseparable and you can’t completely avoid them. You can reduce the risk of losing unnecessarily by following below techniques:
Use stop or trailing stops
Do not risk more than 2% of trading capital
Always calculate your risk to reward ratio and make trading decisions wisely.
Use stop or trailing stops
Do not risk more than 2% of trading capital
Always calculate your risk to reward ratio and make trading decisions wisely.
That's Trading 101, textbook, theory stuff,
Pretty much useless and produces no actual results.
To be one of the rare less than 1% who truly succeeds at trading, and produces real money results, you have to bend the norm, and have your own slight process edge, and breakaway from what the standard braindead zombie, cattle, sheep masses are all doing,
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to maintain risk ratio for all time is really a tough game , because market moves at random most of the time and there is no one who can predict the real faction of this market with certainly.
Sometimes I pay attention to losses because I can see my mistakes and work out the way how to avoid them and sharpen my trading skill. However paying too much attention to them can be confusing.
losses and profits are the part of this game . You need to play carefully to avoid losses .
ignoring your losses will just get you to make the same trading mistakes again so trader definitely should study their losses and learn from it.