Jump to content
Sign in to follow this  
Rafiul

It’s Not Your Fault That You Are Losing 

Recommended Posts

nikita-kachanovsky-494828-unsplash.jpg.1ae25c93c12c440d6ab591fcb7a64fe9.jpg

 

Losing is as much part of trading as winning. After all, forex trading is usually a zero-sum game. It is only a matter of time before someone is on the other side of your trade and before taking the wrong side.

 

However, it is a normal part of the overall trading process, but there is something lost that many traders have - newcomers and problems with professionals.

 

Forex extinction believes that the main reason behind the difficulty of dealing with the losses is the lack of understanding of nature and the effect of trading psychology rather than the actual mental problems.

 

By knowing these 4 stages, hopefully, you will be more able to manage the losses that come with trading.

 

Stage 1: Deny

The first stage of the loss enables you to deal with losing trade. At this stage, you deny yourself and others that your trading concept was wrong and the loss was not your fault. There is nothing inconvenient this way, especially if you are new. This is a way to reduce your ego, survive loss and move on.

 

Stage 2: Logic

After the denial phase, you move to rationalize your trade setup. This is a point where you point out the exact idea of your trade and you do not even think of what you did wrong.

You quote your trading plan, profit target, stop loss and the accuracy of the entry points, but completely ignored that you actually lose the trade and made a mistake.

 

Stage 3: Depression

At this point, you have already looked at the potential external cause for your damages. Then you go inward and consider the idea that the loss is entirely due to its own work.

Even though it is reasonable to take responsibility for your losses, it may be harmful to your own forex carrier if you suspect yourself consistently.

You can ask yourself, "Is forex trading really for me?" And "Why go on at all?" If you do not find enough reason to push, you can withdraw yourself from your trade. Premium Forex course of ForexTradingForYou is the Perfect solutions for the forex traders. You can get the latest technical analysis and best trading signal hereabouts to improve yourself.

 

Stage 4: Acceptability

At this stage, you have started to realize that it is unhealthy to blame yourself for what's wrong. Although you acknowledge that the loss was partly your fault, you are also aware that the Forex market is a wildly unhealthy animal and there are many reasons for the market beyond your control.

Make me clear that the recognition does not seem just right about the loss. Verily, acceptance is to leverage reality with ourselves and assume that the damage can not be undone.

When you reach this stage, you acknowledge that you have made some mistakes in your part, but there are some things that you can not control.

 

At the end of the day, it is important to remind yourself that you can not completely reverse what you've lost, but you can make it for it. You can determine how to manage your trading strategy, improve risk management, or manage your losses better. Instead of simply denying the loss, you have to go ahead, adjust and increase.

Share this post


Link to post
Share on other sites

Forex might be, but is not necessarily zero-sum game. With increased experience there would be lesser number of lose deals until it reaches continuous profitability. Experience and continuous learning is important in order to reach this stage

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...