• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Loss

Loss is unavoidable in trading. However, don’t make loss trade due to same mistake over and over. Try to find what cause the loss and overcome it.
 
Loss is a part of trading. We have to learn to accept. We can treat our loss as our business cost. If you were to do any other business, you would have lot of operating cost like rent, employee salary etc.
 
If you want to make money from this market, you need to have proper plan to deal with the losses. Otherwise, you can not survive in this risky market.
 
An important part of loss trading. If the loss is not maintained, it is never possible to achieve success from trading. I made a lot of losses when I was a new trader but I was able to cover those losses as a result of trading for a long time. When a trader cannot accept this loss he will never be able to survive in trading.
 
Every trader must know how to handle losses while trading. Many times, traders get demotivated because they incur losses, because of which they even think to quit forex.
But that is the worst attitude. Take losses as lessons, try to understand and get over them. Do not quit trading but try to become better at it.
 
Loss is a common factor in the forex market. If you want to become a good and profitable trader in this market, you need to make a good plan to deal with the losses.
 
If you aren't professional you can't get success. Professional doesn't mean taking trading for a profession. It means having essential skills and head set for forex trading. Surviving from loss ought to be the initial priority.
 
Most people get worried if they loss any trade. From this restlessness they take revenge trade. They would like to recover it immediately. We will need to remain calm and await opportunity.
 
A trader can be benefitted from losses if he can think it as a lesson. Every loss is a lesson. Traders use journal to keep track of their past trading mistake so that they can learn from their mistakes. Learning from mistakes is the best learning.
 
The Forex is a market place where the people joining due to getting success very rapidly. But practically the success in Forex is a long term process. Generally the traders always try to make money quickly from here without learning. as a result they become loser when trading practically. So, if you want to be successful from here , you have to keep a great patience first of all.
 
Top