How to overcome the feeling of loss in Forex ?
Logo

Login

Log in with
X
 
  • filter
  • Time
  • Show
Clear All
new posts
20
  • #1 Collapse

    How to overcome the feeling of loss in Forex ?
    hello
    How to overcome the feeling of loss in Forex ?
  • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
  • #2 Collapse

    As a human being its very hard to overcome the feeling of loss we face during the Forex trading but if you want to be successful then its sure that you have to win that condition and know what is the real principle behind that Forex business .So here we can follow some points to win such negative condition .

    1.Know the exact Forex rule :- Every traders have to know that loss is a part of this business and that can happen to any trader .It doesn't mean that if you face losses once or twice in your career or repetitively facing that it means that your career is over .But instead we have to take that in a good way and a part of our education and experience that we have gained from such circumstances .

    2. Know your weakness :- When we face the losses that means we are weak in that department and in such condition we have to shake off our problems and re-think to structure again the whole thing that how to tackle such losing conditions .Actually if one could fill their void spaces perfectly ,they can make slowly a genuine trading career .

    3. Winning the emotion :- Facing the losses actually makes us emotional and that time we can feel that everything is gone and we are in the depth of darkness but if we can win such emotional situation we can definitely come to the target of success one day Bearnaise after loss we have to remember that profit is always there ,just we have to show the patience in this arena.

    4.Relax of mind :- When a trader is facing losses continuously he should take rest a bit so that he could relax his mind which will help him to make some new perfect plan and can help to gain the strength so that he can fight back with more powerful strategy as well as good plans .Sometimes our mental condition gets exhausted and for that it needs some recharge so that results could be more fruitful.

    5,Strong positive attitude ;- There should be always an urge to do something at any cost in every traders mind because there will be such hurdle coming in every time but if we can hold our mind stronger we can definitely come to the target one day and win the loss situation .
    KALEX TRADING JOURNAL-LEARN AND EARN

    Comment

    Advanced mode
    • #3 Collapse

      HOW TO HANDLE LOSSES IN THE FOREX TRADING BUSINESS

      The loss issue is a very important thing in the forex trading business. However, when armed with the right perspectives, the forex trader will be able to handle losses properly and come out profitable in the market. Now, the firt pre-requisite to be grasped is the fact that no one can avoid losses totally. It is a kind of bad rubbish that could not be gotten rid of. In other words, the forex trader needs to accept the reality of loss. No matter how knowledgeable and skilled one is, there will be losing trades once in a while. Armed with this perspective, it then becomes much easier to handle the loss issue. This could be done in the following ways.

      1. USE GOOD MONEY MANAGEMENT: The first step to be taken in ones effort to limit losses is to adopt the use of good money management when trading the high-risk forex market. When the trader commits just a little part of the total funds into real trading, losses when the occur are minimal and hence claims just an insignificant part of the trading funds of the forex trader. This makes it easy for the forex trader to be able to place more trades later which would eventually help recover the earlier losses.

      2. SET THE STOP LOSS: Most times losses become magnified because the forex trader stubbornly decides not to set a stop loss. One of the major reasons why you see trades running in huge losses for days and weeks. Unfortunately, when losses gets huge, the trader's emotion is put to test. Most time the affected forex traders eventually lose the funds in the account to margin call. Traders should cultivate the habit of setting the stop loss point to every trade opened. This way when the trade is going in the wrong direction, the loss point will get hit and thus secure the other funds from being eaten into.

      3. TAKE YOUR TIME BEFORE OPENING DEALS: To really reduce the chances of loss, the forex trader should not rush into trades, but should take his time to analyze the charts very well before coming up with a trading bias. And even when that gets done, he still needs to wait for the best trade setup in line with his bias before opening the trade. The effect of this is that losses are reduced in such a trade.

      4. STRICT ADHERENCE TO THE RULES OF GOOD TRADING: Above all the forex trader needs to be discipline in such a way as to apply good trading rules at all times. Failure to do so often result in magnified losses which is not good for any trader.
      Covid-19 will not wipe out humanity! Let's fight this common foe together. Together we win this war! Please apply WHO recommendations on keeping safe!
      Hedging Edge: Heading For $6 Million!

      Comment

      Advanced mode
      • #4 Collapse

        How to overcome the feeling of loss in Forex ?
        Dear friend,this is psychological question and it is not so easy to give you the best answer that you will be pleased. When I have a bad trade then I really look what I have done wrong. What should I do to prevent that happening? Professional traders focus on how much they can lose on any given trade. Inexperienced traders focus on how much they can gain on any given trade. Most newer, inexperienced traders focus almost solely on a trading strategy - a plan for entering a trade - without giving much thought at all to protecting their downside should the trade move against them. Newer traders tend to be blinded by the opportunity to make money quickly. Keep in mind, anytime the chance exists to make money quickly; the chance to lose money quickly also exists. There are several steps you can take to make things better for you. Of course, those steps can’t turn back time and give you your money back. However, they can help with repairing the mental damage done, especially to your confidence.
        Tips for overcome the feeling of loss in forex.
        Here are some tips which are helpful for overcome the feeling of loss in forex. These are
         Try to Change your mind set about mistake.
         Analyze your mistake and learn from it
         Think Positive
         Be patient
         Be Thankful
         Feel inspire
         Never repeat the same mistakes
         Try to know your strength and weakness.
        Conclusion:
        To succeed on this journey you cannot afford to lose too much. Manage risk and just accept what you get and enjoy the ride. This way you will trade more freely and creatively. Don’t live your life in denial. Accept your limitations, work around them, and become a winning trader. Write out your trading plan with precise entry and exit points.
        Click image for larger version

Name:	forex loss.jpg
Views:	1
Size:	8.5 KB
ID:	17370964

        Comment

        Advanced mode
        • #5 Collapse

          OVERCOMING FEAR OF LOSING IN THE FOREX MARKET

          One constant factor that has made more people stay away from trading the forex market is the possibility of losing. The same factor has even made a large number of those that participate in the trading business to actually secure something worthwhile from the trading business. The truth with the forex trading business is that losses would always occur and there are no defined way to trade the market without experiencing some losses one way or the other. What makes a great trader is his ability to manuever around uncertainties in the market and even amidst losses make sure to register more success on the long run.


          One of the very first approach to overcoming fear of losing in the forex market would be to accept that losing comes with trading the market and it does not in anyway stop a trader from being successful on the long run. Once a trader can understand that a few losing trades do not make him a bad trader, he would be able to put together the required level of courage he would be needing to get into a more profitable trading journey.


          Another way to make sure that fear of losing in the forex market is absolutely eliminated is to embrace the use of good risk management system. With good risk management system in place, it becomes very much possible for a trader to determine how much he is willing to risk in the market as well as how much of his trading capital he is able to let go of. This way, there would be nothing to be scared about since a trader can have control over the possible amount of funds which he could lose.


          That being said, a trader also have to understand that the forex trading business is a market place for those that are strong in heart and would not attach emotions to trading. And so in other to overcome the fear of losing in the forex market, a trader would need to learn to trade without emotions and become as objective as he can be. All of this put together will eventually help in overcoming fear of losing in the forex market.

          Comment

          Advanced mode
          • #6 Collapse

            Feeling of loss in forex
            It is a known fact that the forex Market is a very high risk market. Losses is a part of forex trading. The traders that trades in this market can get losses and profits at anytime depending on how the market scenario plays out. There are alot of traders that are getting losses from trading forex on daily basis which helps to prove that the market has a very high risk whereby traders can easily get losses from trades.

            How to overcome the feeling of loss in forex trading
            Having losses from tradings is somehow painful to traders no matter what level of professional the trader is, although it is more painful to new traders and it also depends on the amount of loss encountered by the trader. There are some ways through which the feelings of losses can be reduced or overcomed, some of them are listed below.
            1. Relax and don't rush into trading immediately for the reason of revenge, this can lead to further losses
            2. Ensure to check if the error that resulted to the loss was from the traders end and could be avoided. Traders get their confidence when they find out the errors from trades has been seen and could be controlled by them
            3. Seek for more knowledge if the losses are Consistent. Better knowledge gives traders better feeling and better confidence to trade too
            4. Review your money management techniques and Calculate risk to reward ratio Properly before entering into another trade. It will help the trader to loss only what he can afford to loss.

            Comment

            Advanced mode
            • #7 Collapse

              Forex losses

              How to overcome the feeling of loss in Forex ?
              We should understand well that losses is a portion of Forex market and that we should accept these losses during the trading in order to be able to compensate these losses later when we find any other opportunities to enter the market again and to compensate these losses. So, after we face any losses, we should be calm in order to avoid the revenge trading or the trading with high risks to compensate these losses fast. Because this may lead us to face big losses again. But there are many things you can do in order to overcome this feeling, which are :

              Click image for larger version

Name:	losses in forex.jpg
Views:	1
Size:	65.2 KB
ID:	17370982
              • You must stop the trading to take a rest from the trading for at least two days.
              • After you take a rest from the trading, you must know the mistakes which caused these losses to you.
              • After you know your mistakes, you should learn well from these mistakes and you should find all the possible ways that can help you to avoid repeating these mistakes again
              • You should develop your trading strategy and your trading plan for the best to avoid repeating these mistakes again.
              • After you become ready to restart the trading again, you should forget about your previous losses and the best is to trade for achieving a determined percent of profits daily, such as 1% in order to achieve around 20% monthly.
              • Step by step, you will be able to compensate your losses and this will make you feel with a confidence again in your trading strategy and your trading style. Because it is very important to learn from our previous mistakes to avoid repeating these mistakes again, as the learning from mistakes that caused previous losses to us can pushes us to achieve the success in Forex market.
              My Trading Journal

              Comment

              Advanced mode
              • #8 Collapse

                How to overcome the feeling of loss in Forex ?

                In forex trading business loss is a sacrifice that all trader has to make on their way to the top of the ladder and that is why it is very important for the trader, before entering the business to have it at the back of his or her mind that it is an inevitable , and also a disease that has cure. The feeling of loss is a psychological thing that put the trader on tight corner and brings about depression ,disappointment , setback and also weaken trader self confidence . This has accounted for the totally discouragement of highest number of trader who are unable to cope, manage and balance up with this negative emotion in the market . How can trader now overcome this in market ? This is pretty simple , below are possible solution to it.

                HOW CAN TRADEROVERCOME THEVFEELING OF LOSS IN THE MARKET.

                (1) HAVING A PRIOR INSTINCT ABOUT LOSS.

                Trader before starting forex trading business, must be aware and have it at the back of his or her mind that loss is part of the game that reshape and mould trader in the business , and when happen, it shouldn't have negative effect or feeling on the trader but rather balance him up psychologically .

                (2) BELIEF LOSS IS A CORRECTIVE MEASURE TO AN EFFECTIVE TRADING

                Trader should also see loss as a corrective measure to an effective trading . Having this in mind , trader will be able to shake off any negative feeling that loss might bring , having seen loss as a means to an improvement rather than being discourage.

                (3) RELAX FOR A WHILE

                Trader can also cope or overcome the feeling of loss in the market by stop trading and find somewhere to relax himself for a while and balance up psychologically before going back and start all over again .

                (4) INSPIRE YOUSELF

                Trader can overcome the feeling of loss in the market by inspire himself . This may be through the testimony of established trader in the field on how they lost and were able to cope with determination in their part to success .This has to be a source of inspiration and enable the trader to overcome their negative feeling of loss.

                (5) WORK ON YOR EMOTION AND BUILD UP CONFIDENCE

                In forex trading business trader can overcome the feeling of loss in the market by working on his emotion and build up confidence in the market . How do we achieve this. Trader can do this through a proper practice where trader will be able to look at his mistake ,develop good trading skill to handle it and this in turn will give the trader a promising future and able to overcome his feeling of loss .

                (6) SHARING YOUR MISTAKE .

                A problem share is problem solve . Trader can overcome his feeling of loss by share his mistake with the established member in the field, which advice him and inculcate confidence in him .

                Comment

                Advanced mode
                • #9 Collapse

                  HOW TO OVERCOME THE FEAR OF LOSING IN FOREX TRADING.

                  The FOREX market is a very risky industry to stepped into without proper and smart strategies. Many traders who do not pay attention to this have terribly lost their money to the market. Seeing the rate at which many traders lose their money, it is also psychologically normal to fear losing too as a trader. However, the fear of losing can only attract more losing situations, therefore, the act must be buried. Some ways a trader can overcome the fear of losing include :

                  - Don't see losing as failure : The problem with high number of traders is that, to them, losing of trade automatically means they have become failures. No, this is wrong. Having hundred percent winning all the time is hard to achieve in FOREX trading. Once a trader understands that his job is not to lose at all but to keep his winning trades higher than the losing ones, then his fear of losing is handled and will die a natural death.

                  - Trade with Risk Management - Trading with Risk Management is another great way a trader can tackle his fear of losing in the FOREX trading business. Never leave your trade open without applying risk management techniques such as Stop loss, Trail loss, and others.

                  - Confidence over fear - Exhibiting confidence whenever a trader wants to open a position is another powerful way of handling the fear of losing. One thing about FOREX trading is that, no one is certain of what comes next, every trader only trades with faith and positivity. For this reason, if any trader is struggling with the fear of losing, they can simply follow suit - that is, be positive, have faith that things shall go fine and above all, be confident that whatever results gotten, are to build a trader not to destroy him. With this, the fear shall evaporate.

                  Comment

                  Advanced mode
                  • #10 Collapse

                    Overcoming Losses in Forex Trading.

                    The main challenge we are going to face as traders in the forex market is that we have a wrong mindset concerning losses. The fact that somebody is thinking about how to overcome losses means that this is actually a major challenge that the everyday Forex Trader faces. You really cannot overcome losses in its entirety and that is the truth of the matter,the sooner you embrace this reality the better it will be for you to make progress in the forex business. You must understand that losses are part and parcel of this business which means that you should plan for them instead of trying to avoid them by all means. A trader who has prepared his mindset that losses are possible will have a better chance of becoming successful in the foreign exchange market than another Trader who constantly look for ways to avoid losses from taking place.

                    The psychology you have towards losses will go a long way to determine whether or not you're going to be a successful Trader or a loser in this market. The way you are able to handle losses tells you how far you will go in the business and that is the truth we all need to acknowledge.


                    What Are the ways you prevent losses.

                    1. Use Stop Loss.
                    Stop loss will limit the possible losses you could have from a particular trade Professional traders in the foreign exchange market takes the issue of stop-loss very seriously, because they know how important it is to their survival.

                    2. Discipline.
                    You must imbibe the spirit of discipline in order for you to have reduced losses in the forex market. If you're not an individual that has incorporated the Habit of discipline into your trading, you will find it difficult to succeed.

                    Comment

                    Advanced mode
                    • #11 Collapse

                      in The loss issue is a very important thing in the forex trading business. However, when armed with the right perspectives, the forex trader will be able to handle losses properly and come out profitable in the market. Now, the firt pre-requisite to be grasped is the fact that no one can avoid losses totally. It is a kind of bad rubbish that could not be gotten rid of. In other words, the forex trader needs to accept the reality of loss. No matter how knowledgeable and skilled one is, there will be losing trades once in a while. Armed with this perspective, it then becomes much easier to handle the loss issue. This could be done in the following ways.

                      a.Know the exact Forex rule :- Every traders have to know that loss is a part of this business and that can happen to any trader .It doesn't mean that if you face losses once or twice in your career or repetitively facing that it means that your career is over .But instead we have to take that in a good way and a part of our education and experience that we have gained from such circumstances .

                      b. Know your weakness :- When we face the losses that means we are weak in that department and in such condition we have to shake off our problems and re-think to structure again the whole thing that how to tackle such losing conditions .Actually if one could fill their void spaces perfectly ,they can make slowly a genuine trading career .

                      c.Relax of mind :- When a trader is facing losses continuously he should take rest a bit so that he could relax his mind which will help him to make some new perfect plan and can help to gain the strength so that he can fight back with more powerful strategy as well as good plans .Sometimes our mental condition gets exhausted and for that it needs some recharge so that results could be more fruitful.
                      Cricso's - Trading journal

                      Comment

                      Advanced mode
                      • #12 Collapse

                        Losing in Forex is a very bad feeling because you lost money despite your time and tiredness, and this is very frustrating, and it is a feeling that cannot get rid of it at the beginning, but it will disappear with the passage of time, the important thing here be to learn from that bad feeling, to learn that losing in Forex is part of the work and that the goal of the first trader.

                        In Forex, it is not a profit, but rather a loss avoidance, the ability of what is possible, that is, if there is a deal opportunity in which the loss is greater than the management of capital, do not open it and wait for more suitable opportunities this ensures that you do not lose much value of money .

                        Comment

                        Advanced mode
                        • #13 Collapse

                          HOW TO PSYCHOLOGICALLY OVERCOME LOSING STREAK?

                          Let’s begin with “NOBODY enjoy losing money!”

                          It doesn’t matter if someone is rich or not, you will feel pain when you lose money in forex trading. Losing money in forex is not like spending money to buy things or to treat your friends to a fancy dinner. When you lose money in forex trading you are forced by the market to accept your defeat and this is never a good feeling. Why? You have no one else to blame for your loss. If you have a company and you are the boss or supervisor you can find escape goats to put the blame when things go wrong. In forex trading though...who will you blame? You only have yourself and admitting that you made a mistake and caused you to lose money is never an easy thing to do.

                          That is exactly why there is a study on the psychology that you must learn before you jump into this blazing hot industry. When you study this psychological stuff, you will learn many things and among them is “how to overcome losing streak”. Facing one losing trade is already bad, psychologically speaking. Facing a string of losses one right after the other is unheard of outside of the trading world.

                          So then, what should you do to overcome this hurdle? I’ve prepared a list just for you:


                          First off…. “No one is exactly the same!” Even identical twins have differences and not exactly 100% duplicate. So, don’t worry too much if one solution can’t really satisfy you because there will be other solutions. Just as there are a lot of trading strategies out there, there are also different psychological tactics that fit you. Don’t let others dictate their answers to you.

                          Click image for larger version

Name:	images (36).jpeg
Views:	1
Size:	27.7 KB
ID:	17376999


                          Solution #2. You CAN’T avoid losing trades. This is something that you must etch inside your brain. No matter how sophisticated or complicated your trading strategy is, you will still have losing trades. Ask anyone who has been trading and have at least 10,000 trades during his trading days how many losses he encountered. If that trader said “zero” losing trade then he is a BIG FAT LIAR! It is very much possible to have a very high win rate ratio but it is impossible to have zero loss. The only way for someone to not lose a trade is not using stop loss (your stop loss is your margin call) or have a very big stop loss size. However, there is a problem with the no stop loss solution, even though you can hold the trade and close it after the position turns into a profitable one eventually there will be times when the market will just take you out of the game and margin call you. Now, the problem with the other solution where you put a very big stop loss is you must use a very small lot size and you must sacrifice time in exchange for a very small profit because if you use a 500 pips stop loss then you might have to wait for a month or more to get even just a 1:1 RR. This defeats the purpose of trading. So then, in order for you to make money effectively and efficiently, you will have to be able to accept losing trades and re-align yourself with the direction that the market dictates. Make sense?


                          Solution #3. Avoid using a small time frame. When you trade using a small time frame you will encounter a lot of trading signals that could potentially make profit for you (but the opposite is also true where you might also have losing trades). Of course, using a big time frame does not mean that you will never face loss because losing streak also happens when you trade using big time frames. However, the frequency will be far apart from each other. When you scalp the market 50 times a day the psychological impact will be too great for you unless you are already a pro in doing it. Using a big time frame such as H4 or D1 to enter a trade will help you to have enough time to recuperate from the psychological impact that a losing streak would have caused you. When you use a big time frame like D1 you might lose today and then the next loss would be tomorrow because that’s the minimum amount of time it takes for the candle to complete. Compare that to a 1 minute chart. You can see where I’m going with this, right?


                          Solution #4. Unrealistic expectation. Don’t ever think after you get 5 losses in a row the next trade will be a profitable one. Some people make a comparison between forex trading with flipping a coin. Yes, there is a 50:50 chance that your position will become profitable or lose money but this is not how you should view forex trading. In forex trading, this 50:50 chance only happens before you pick a side for the trade. When you click buy there is a 50:50 chance that the market will go down and when you click sell there is also a 50:50 chance that the market will go up. It does not mean that if you get a losing trade this time you will get a profitable trade on the next trade. Unrealistic expectations can hurt you as bad as any other thing out there.


                          Solution #5. Train a lot. There is nothing better to prepare yourself than to train a lot. When you have a lot of screen time you will see a lot of different market scenarios and you will have a database in your head on what to expect when this or that happens. This will inevitably prepare you mentally so the psychological impact will be very minimal.


                          Solution #6. Make yourself a trading journal. This is a very important approach for you to be able to review your own trading performance. A detailed trading journal will have in it the notes on the market condition at the time, which strategy to be used and the result of the trade. It will help you see whether the loss is caused by your mistake or it’s the market doing its own thing in which case you can’t really avoid the loss. Of course, you can only do the improvement if you have a trading journal.


                          Solution #7. No trading strategy is eternal. You should always be on the lookout for new information or knowledge because what works 10 years ago might not work 10 years from now. The market is a dynamic thing because there are millions of people participating in it and there are many elements affecting the market. The leverage limitation in the U.S. and Europe changed how people trade the market because several elements in the trading strategy are now void and so the strategy is rendered ineffective. So, when you lose a trade you should check the status of the strategy. If the effectiveness of the strategy decreases then maybe the current market situation is different and you should adapt to the new changes by updating it or maybe use a different strategy altogether.


                          Solution #8. Specifically train your mind/emotion. There are ways in the study of the human brain and emotion/psychology to calm yourself even when you are facing dire situations. Learn to relax your mind or maybe do some meditation or affirmation. Some traders also clear their minds before they start with their trading routine. The point here is, do whatever you feel comfortable with in order to strengthen your mental capacity.


                          Solution #9. Take some time off. If the psychological pressure is too great (from experiencing a losing streak) then you should take some time off the market until you recover from it. This is for those who trade intraday but also for those who need some time off. Revenge trading often results from continuing to trade after some heavy blows on your trading account and more often than not, the result will be even worse than before. That is why you should take some time off the market. Do some grocery or close the trading platform for the whole day or whatever it is that you can do to release the build up inside and clear your thoughts.
                          You only need to read THIS ARTICLE to make money from forex trading,

                          Comment

                          Advanced mode
                          • #14 Collapse

                            How to overcome the feeling of loss in Forex ?
                            In the forex market, it's impossible to win every trade you open, you need to understand that forex trading is a game of odd, as a trader, it's our responsibility to keep the odd on our side ad the first step in doing that is making sure you accept there will be some losing trades, the earlier you accept that, the better you will be able to control your trades.

                            Yes losing in the market is never a good experience for anyone, even for well-experienced traders, it's difficult to comprehend, you really have to learn how to control the emotion s you feel every time you lose a trade, this will help you to have you remain focus in the market and help you continue trading based on your predefined trading plane

                            in the market, we may have different emotions when we lose, and knowing how you feel after a loss will help you to know how can control yourself.
                            In the market after a loss, some traders feel disappointed, some feel anger, sadness, embarrassment, and so on.

                            • so the question is how can you avoid having these feelings?

                            • Reduce The loss as low as possible
                            Don't put yourself in the position where you will have to encounter huge loss, always set up you stop loss and perform good risk management at all times

                            • Learn to deal with emotions
                            you need a plan for this, it's natural to feel sometimes after a loss, but after a loss, instead of dwelling on the loss, rather short your focus to your trading plan, and see how else you can continue trading, however, it's not mandatory to continue trader after loss, you could close your chart and go out to clear your head.

                            • See loss as a learning curve
                            when you already know and accept that loss is inevitable in the market, it becomes easier for you, you got to see every loss as an opportunity to learn, but only if you are fond of keeping a journal, you need these records for remembrance

                            Comment

                            Advanced mode
                            • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                            • #15 Collapse

                              How to overcome the feeling of loss in Forex?

                              It is difficult to win any trade you open in the forex market; you must realize that forex trading is a strange game, and it is our duty as traders to publicize it on our own. Of course, you understand that some business will be lost; the quicker you accept this, the more you will be able to handle your business. You would have difficulty losing money in foreign exchange trading whether you are wealthy or not. Spending money on items or treating your friends to a romantic dinner is not the same as losing money in foreign currency.

                              Click image for larger version

Name:	images.jpeg
Views:	1
Size:	38.8 KB
ID:	17425345

                              When you lose money in forex trading, you are forced to accept the market's loss, which is never fun. What is the reason for this? No one else is to blame for your misfortune. If you own a business and are the CEO or a supervisor, you will find scapegoats to blame if anything goes wrong. Still, in forex dealing, who can blame you? You just have yourself to blame, and admitting that you made a mistake and lost money is never easy.

                              However, how can you get over this stumbling block? I've made antidotes especially for you.

                              1- The first cure is something you take into your mind. You will lose money regardless of how sophisticated and complex your trading strategy is. Inquire of someone who has been selling for at least 1000 business days how much they have lost. This trader is a huge liar if he claims that the "zero" trade is losing! It is possible to have a very high win rate, but a reduction to zero is unlikely. The only way to avoid losing trade is to avoid using a stop loss (which is also known as a margin call) or a big loss. However, a no-loss approach has a flaw, even though you can interrupt the exchange and close it until the place is profitable. The second solution to the issue of a large loss is to use very small size and to sacrifice time for a very small benefit because if you use a 500 pips stop loss, you might be waiting a month or more to get just a 1:2 RR. This is counterproductive to the intent of trade. As a result, to make money effectively and efficiently, you must consider lost business and re-align yourself with the market's orders. Is that clear?

                              2- The second cure is to stop using charts of small time frames. When you trade with a short time frame, you'll come across a lot of trading signals that could help you benefit. Of course, just because you use big-time frames doesn't mean you'll never lose, because big-time frame charts can have a losing streak. The frequencies, however, would be far apart. The psychological effect of hollowing out the market 50 times a day would be perfect for you if you are still in favor of it. Using a wide time frame to join a trade, such as H4 or D1, will allow you to spend enough time recovering from the psychological effects of lost letters. Since the candle takes the shortest amount of time to complete, you can lose today and then lose again tomorrow if you use a large timeline-like D1. This is in comparison to a 1-minute map. I'm sure you see where I'm going with this, right?

                              3- Third Antidote: No two people are alike and identical twins vary from one another and are not exact replicas. So, don't be too concerned if one solution fails to meet your needs; there will be others. There are numerous psychological strategies available, just as there are numerous trading strategies. Allowing someone to write your responses to you is not a good idea.

                              4- Ideological probabilities are the fourth antidote. After five losses in a row, never believe that the next trade will be profitable. Some people make a comparison between forex trading and flipping a coin. Yeah, your place has a 50:50 chance of being profitable or losing money, but that is not how you should treat forex trading. This 50:50 opportunity only occurs in forex trading when you step aside to sell. When you click on buy, the market has a 50:50 chance of falling, and when you click on sell, the market has a 50:50 chance of increasing. This isn't to say that if you find a losing trade now, you'll find a winning trade the next time. Unrealistic expectations can be just as detrimental as anything else.

                              5- Fifth Antidote: Focus on the mind and feelings in particular. When you are confronted with a serious situation, the analysis of the human brain and emotions/psychology will help you relax. Learn to relax your mind by meditating or repeating affirmations. Before beginning their business routine, some entrepreneurs also clear their heads. The main thing is to do whatever strengthens your mental ability that you are happy with.

                              6- The sixth cure is to become a businessperson. This is a critical aspect of being able to assess the company's results. A thorough trading report records the current state of the market, the tactics to employ, and the trade's outcome. This will help you determine if the loss is due to your error or whether the market is running in such a way that you cannot prevent the loss. Of course, having a trade journal will help you better.

                              7- Seventh Antidote: There is no such thing as an everlasting trading strategy. You should always be on the lookout for new information or results because what worked ten years ago will no longer work ten years from now. The market is competitive because it involves millions of people and is influenced by a variety of factors. Benefit limits in the United States and Europe have altered how people trade in the economy, as many aspects of the trading policy have become outdated, making the strategy ineffective. As a result, if you lose a deal, you can check the strategy's status. If the strategy's effectiveness declines, the current market environment could change, and you may need to adjust to the new changes or switch to a different strategy.
                              The eighth antidote is to Train as much as possible. There is no better way to prepare for a race than to run it. When you spend a lot of time in front of the computer, you'll see a lot of different business situations and build up a mental inventory of what to expect when this or that happens. This will undoubtedly psychologically train you, reducing the psychological effects.


                              Conclusion: That's why you should take a psychology course before diving into this lucrative industry. When you research this psychological topic, one of the things you will learn is "How to Overcome Losing Positions." Dealing with a lost trade is difficult enough on a psychological level. It's unheard of outside of the corporate world to be faced with the loss after loss. So, first and foremost, make up your mind before diving into this business. The antidotes mentioned above will assist you in maintaining an optimistic trading attitude.

                              Comment

                              Advanced mode

                              Online

                              Loading...
                              X