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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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.
when you get a loss that you are not kept out of the market and think for a moment look fatherly fellow traders tell me what exactly is your problem. you should have time to learn after that you can time your trades as you like.Quote:
Originally Posted by enter
The best way to go With loss procedures is to change the style or business strategy completely and make a new strategy to try the demo if successful, and then go on a real account. refresh yuor mind with some outing or place which you like more.
sometimes l cant control my hands and l just open some trades without any signal or purpose and most of the time it will end with losses.so what l have find out is to trade in right time.opening a position with eurusd during asian session will just be death trade ,you will have to wait for hours sometimes to see the result.it will not move too much during asian session.so to less my losses l trade less and only at the right times.
In forex, it's normal to experience loss but it's not normal anymore if you are experiencing successive losses in a day. It is possible if you lost because you can't control emotion well, so it's important to have evaluation after lost to know the mistakes. But the most important is preparing good risk management to prevent big losses.
initially bound to be very painful, but I'm trying to be patient, because I believe that there are experiences that we can get from it, anyways as we also believe that the profit or loss it in turns
i bet if anyone is having continues losses he should know that he has a problem with his trading strategy and should be able to change it .a good trader should be able to make a net profit of 50percent every month.
if you go in successive loss then you dont have good knowledge about trading and also your strategies is not good my advice go in demo account do more practice there and make new strategies for small profit which enough for your to recover your money with in 1 month or 2 month.
the price on the chart makes successive highs and the indicator shows a successive ... We conclude the deal on the opening price the next bar after the ... Stop-loss is placed below the local minimum in the near or under loss.
when you have a loss more often then my advice to you all is that at that time its better that you should not trade at that time and must think on the trades and have a look that what have went wrong in that tread try to locate the problem
That was good idea because our psychology will be affected if we experienced losses so many times in a row.Quote:
Originally Posted by ntoed
it can lower our confidency to trade as our current system and trading plan. So if we faced so many losses in row,
three times in row, then it's important to review current system and fix the problem :)
to deal with successive losses is better to change the trading style or strategy. learn forex thouroughly and produce a new strategy, then test it in demo, if successful, then proceed to real account
as a forex trader the mistake we make is when we lose we try to get back at the market by try to regain the money we have lost in a trade, which is a bad decision, when you are making successive losses then i think it is time for you to quit trading for the day
always put SL and TP, is the best tips to avoid got bigger loss,Quote:
Originally Posted by fumina
ans also, we must make our technical and fundamental analysis more better every day just by keep practicing,,
always read about global economy news,,,,
Two things must be done in times of successive losses in the business of forex trading. Traders should either quit their trades temporarily or then try to find out what is wrong with their forex exchange trades.Quote:
Originally Posted by yogesh
true friend, I agree with you that in our trading business and if we continue to lose the first game we close our trading. we should evaluate our mistakes to avoid mistakes again in the future.Quote:
Originally Posted by miketega3
i think the best way when someone having successive losses is take break or snap and spending little time away from forex and made up your mind relax and comeup with a free mind...
when i face with successive loses, first i will try to stop trade awhile and then try to find out what is the reasons of my loses in trade. If the loses happen because of my strategy, then i will plan a new strategy and start strading again.
When I unable to discover market trend as a result my trading go to loss then I stop my trading and analysis more and more when I understand market trend then I again start trading and recover my loss.
yes brow in the event of consecutive losses is better still stop if we still continue to trade will certainly continue to be for us ndanQuote:
Originally Posted by ishvara
bomerang might our capital could be depleted without the rest of the meal by the market because of our own greed
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.
sometimes l cant control my hands and l just open some trades without any signal or purpose and most of the time it will end with losses.so what l have find out is to trade in right time.opening a position with eurusd during asian session will just be death trade ,you will have to wait for hours sometimes to see the result.it will not move too much during asian session.so to less my losses l trade less and only at the right times.
even this is true also that I experienced in early trading. and now I know the cause of this error so that we experience the loss again and again, it is in because we do not have a good knowledge of forex.Quote:
Originally Posted by sweetrevenge88
Traders must know when is the time for stop trading and when is time for keep on trading. If you have suffered losses so many times
in a row (more than 3 times in a row) so it's better to stop trading for awhile to make evaluation about the mistakes which we have
made and then we can make better analysis.
I know that the loss is painful, but I think even if it hurts, you still have to wait to face the reality in forex which must always be experienced by every trader, even so far I always thought it was just wind.
sometimes l cant control my hands and l just open some trades without any signal or purpose and most of the time it will end with losses.so what l have find out is to trade in right time.opening a position with eurusd during asian session will just be death trade ,you will have to wait for hours sometimes to see the result.it will not move too much during asian session.so to less my losses l trade less and only at the right times.
true friend, I agree with you that in our trading business and if we continue to lose the first game we close our trading. we should evaluate our mistakes to avoid mistakes again in the future.
i think we should limit our daily trades and also better to wait for good time to take good pips.a professional trader will not trade at every moment.i am sure they will trade with patient and we should follow them.
with good market analysis we can decide whether to sell or buy and enter the appropriate pips to challenge the knowledge of our capital markets so it is necessary to define our tradeQuote:
Originally Posted by marwa
There is no other way to prevent successive loss in Forex, except I used risk management in all market conditions.Quote:
Originally Posted by assi
In case of me when i fall in big loss that time do stop trading in the live account then try to trade in the demo account for some times to get solution of this problem until i get the solution i do practice continue here as a result i am getting performance.
I better stop for a moment of trading and doing refreshing or entertaining holiday for myself and calm the mind. because a very large loss can interfere with heart and mind when trading on the next day.
I feel a single lose for a day is sufficient. Anyone must continue buying and selling the following day. I observed that within my personal trading as soon as I lose my very first order and open again I experience sequential negative profit. I just try it again and again.
When I happen to get streaks of losses, I first cool myself down since it often leads to triggering emotional behavior. After that, I try my best to find the cause of those losses. Then, If I can't find the cause, I stop trading for a while and go back to demo account. And if that didn't figure the cause too, I treat those losses as being purely unlucky and continue trading when the market condition allows.
left the habit of greediness and think cool stop trading for some time the market is ok and decide your budget planning for trading otherwise you loses all time because every gambler gamble for win and he lose after lose and depends your luck day and time
poor results are usually also be obtained by those who like careless and reckless when making decisions in this business, especially for those who think this business is easy and simple to run, it is easy to awlanya, but it's hard when confusion middle of the road
If me, I will stop for awhile to make evaluation if I experienced successive losses in forex because it's not normal if I lost
many times in a row. It can be I am too emotional or the time is not right for my current strategy. So it's better to stop
awhile to calm down emotion and prevent revenge to next transaction.
well i do the same if i get continuous loss then i also stop trading and start analyzing my mistakes that why i am losing so much and after i find my mistake then i start trading in demo...
well when i face successive losses, i mean when all my trades are running in losses then i dont close it, wait for it to lessen the loss or close it in profit. as i do risk management so s 200 300 pips drop doesnt affect the account.
patient..patient.. and only patient that can help you overcome your emotion due to your loosing streak. cause when you think it over and over again, in forex, it's only about waiting for the best moment to enter the market, and nothing else. beware of your greedy feeling.