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Fx Mental

Losses in Forex

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There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before.  So, we have to emphasis on risk management policy besides acquiring good trading knowledge.  

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It is better to take the risk to that extent which we can afford to loose, so better to start with small invest. There are many new traders which invest all of their life savings and lose.

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All Forex traders at some point of time or the other experience a losing trade. It can either be a small loss or a massive loss. Many traders get discouraged once they incur a loss and give up trading.

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On 12/24/2018 at 6:28 PM, tradesprint said:

It is better to take the risk to that extent which we can afford to loose, so better to start with small invest. There are many new traders which invest all of their life savings and lose.

Sadly these kinds of things happens. People get greedy and does not think about the consequences until it is too late.

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Unfortunately, loss deals are inevitable on Forex market due to its volatility. Even highly experience traders sometimes carry some loss. This is why I always stress the importance of application of risk and funds management strategies in trading as well as a trading discipline

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Losses are actually happens in start however these risks can be lowered by learning how to trade forex with the help of a demo account where no real money is involved but the market is real so the traders can learn the market behaviors more easily without spending any dime.

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The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments.

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On 1/17/2019 at 11:19 AM, Sininfinity said:

Sadly these kinds of things happens. People get greedy and does not think about the consequences until it is too late.

Greed is just like other emotions which are needed to be set aside while trading, better to stick with a trading plan and once the trading goal is achieved the trading should be stopped and the trader should spend some time reviewing performance.

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Many money management techniques state that the upper limit of your risk per trade should be 2% of your trading account, or even less if you’re a beginner in the markets.

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On 2/15/2019 at 10:57 PM, tradesprint said:

Greed is just like other emotions which are needed to be set aside while trading, better to stick with a trading plan and once the trading goal is achieved the trading should be stopped and the trader should spend some time reviewing performance.

Well depends on what the trader defines as success. I have set a pretty high goal for myself before I will call myself successful. And if/when I reach there I have a plan other than trading. But not planning to stop trading.

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Tradesprint you are right regarding greed on Forex. People should be very well aware of this emotion. However, when somebody has strategy that is making continuous profits they should stick to this strategy and review their trading after first lose deal. At least that is my opinion

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There are many factors that can affect your trading and can be reason for loss. If you are a greedy or emotional person then you may have to learn the control strategy over your strategy.

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I find that lose deals are not bad at all. I see them as excellent learning material, as they have the ability exactly to point on traders weaknesses in trading or in strategy. So, instead of being depressive, it is better to take a look what you have done wrong in your last lose trade

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On 3/21/2019 at 12:02 PM, Linop said:

Tradesprint you are right regarding greed on Forex. People should be very well aware of this emotion. However, when somebody has strategy that is making continuous profits they should stick to this strategy and review their trading after first lose deal. At least that is my opinion

Good opinion. It is also not a bad idea to review profitable trades as well. You can learn something from them as well.

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Certainly Sininfinity, I would totally agree with you. It is very useful for new traders to make regular review of their both lose and winning trades in order to get better overview of what they did good and what was wrong. A trading journal might be very helpful in this quest

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Maintaining a trading journal may be a helpful idea for those who are really want to manage it for their future calculation that how they make profits and face loss. 

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To reduce your risks, you can reduce your investment. This is how I do on the site https://all-bookmakers.com/ when I bet on sports. I can’t find a good broker to have a sure steady income, which is why I bet on sports and get a good income from it.

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