All traders have a point that they start having successive losses in their trades. In those times we should make sure that we still maintain the same risk reward ratio and MM that we are using in our trades.
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All traders have a point that they start having successive losses in their trades. In those times we should make sure that we still maintain the same risk reward ratio and MM that we are using in our trades.
the best way to deal with successive losses is that you stop tradering and deposit some amount in your account so that some capital is accumulated in your account and try ti recover the losses slowly slowly beacuse it is not possible to recover thw whole loss in one trade, never be greedy or emotional to take revenge from market to cover the loss in one shot.
Instead of my thinking the best way to manage wiith the successive losses is difference the communication of trading or strategy. discover the forex thouroughly and make a new strategy and then tryout it in demo, if success then speak to real account
Successive loss times are dangerous times in forex trading business. We must try to avoid trading more trades in this period so that we forex traders can actually prevent making even more mistakes in our trades.
Some successive losses in forex can become phsicological and the forex exchange trader will still continue to be confused. Confused in the sense that they will still make mistakes irrespective of the strategy that they are trading with.Quote:
Originally Posted by bdalamin
Successive loses is very painful because I also experienced it in my trading many times before. It is frustrating to trade when what you always wanted is to get profits but at the end of the day loses is all you got or worst a margin call account. I just stop trading for a while maybe a whole week just to refresh my mind.
It is of no use to arrange for the finance again and again and deposit in account to loose again.It is better if we analysis our past mistakes so that there are no successive loses.The best way to deal with losses is that we should allow Losses to happen.
Successive loss is very bad and it is discouraging. When having a successive loss, it can lead to loosing the whole trading account which might lead to quitting trading foreign exchange. In order to control or deal with successive loss, we need to first find out the main reason why we have loss and try to make sure it does not affect us psychologically
Whenever I face successive loss I take a break from real trading and start again in demo account.I start from beginning reading all eBooks of forex and check whether my strategies are correct or not.I again start doing market analysis seriously and try to find the reasons of looses.
when there are more and more losses to our account then we should think that there is something bad to our strategy so we should manage our good traders again so that we should do the good tradings in forex and if necessary then we should go to demo account for more better tradings