How do you deal with successive losses?

i think every trade like .event hose in the sports fieldneed a time out . a time out is when you have successive losses and and you take some time of trading to evaluate how your system is doing and what could be wrong with it . its very helpful and refreshing !

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Originally Posted by dareking

Over confident hona kuch had tak theek hota hai lekin iske baad hamko nuksaan uthana pad sakta hai isiliye main to yehi bolunga ki better hoga agar ham trading me savdhandi rakhe

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over confidence ki wajah se forex me traders ko bahut loss hota hai kyunki aise log bahut zada analysis nahi karte aur bahut hi jaldi buying ya selling ak decision le lete hai jis wajah se unhe loss hota hai..forex me apne emotions ko kaabu me rakhna bahut zaruri hota hai kyunki emotions ki wajah se trading account me loss hona achi baat nahi hai

Right losses will make you depress or down and usually you will make bad consideration to make decision and If you are down then it's better to move back on demo account to bring back your confidency and we should know when is time to enter and quit which is low risk.

Currently I am under this situation, that I had lost my last four trades consecutively and I am very down grade in my trading these days. I am avoiding trades also the market is quite disturbing these days and moving unorthodoxly as well.

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Originally Posted by realfun07

A trader must always be motivated and find a way to curb their depression as it is not good for the traders . Depression can cause a trader to feel low and laid back which is not good for any trader so a trader must always stay motivated.

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Motivation levels will come from making some good profits from the markets and also from the facts that any time we see that the trading results are not what we have always wanted then the time has come to testify the new system of trading so that we make good profits again :)

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Originally Posted by yogesh

What is best way in your opinion to deal with successive losses?
When i encounter days giving me frequent losses i simply stop trading and sit in cash waiting for more favourable market conditions.

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Before hand, it is expected that we forex exchange traders should try our best to set a stop loss in their trades. This will enable the trader to exit losing trades automatically at any point in time.

Dealing with successive losses is hard. You will feel bad and depressed, but do not worry you will get better, just have to learn how to trade more and improve on your skills. You should buy more books on forex trading or learn from expert traders on this forum.

When i started Forex many people said that Forex is so risky do not involve in, but i never listen to anyone.
And also my learning method the same as you posted here. It think there is no one who can teach us Forex. The only way of learning Forex is observe other trader, watch market movement and do Forex.

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Originally Posted by realfun07

When I get successive losses I take a short break from trading and open all my past trades which were lost and I try to analyze the cause of my losses and work on those factors to make sure I do not repeat them.I get back to trading slowly thereafter

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yes i am also thinking the same.if i get successive losses i will take a short break and analyse what the mistakes i have done in the previous trade.i will get back by correcting the mistakes i have done while i am losing

It is better to be careful and cautious all the time when you trade. A trader must not be over confident as the moment he is more confident he can start to ignore facts which might lead to losses for him.