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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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.
ya bro we shuld do dis if v getting successive loss den we shuld stop trading & wait for market to come in our favour...!!!
There is no other way to prevent successive loss in forex except I used risk management in any conditions in the market.
Besides I should use risk management in every transaction, I should limit maximum orders in a day and maximum losses
in whole day. I must determine how many pips of losses which I toleranted in a day.
You should limit your daily trades and also wait for some favorable conditions .
Many times emotional trading becomes major reason behind successive losses .
So you should control that one and try to build up some confidence by playing on small volume with small profit.
The only good way to deal with successful losses is to re check your trading strategy. It is possible that your trading strategy does not work well with the prevailing market conditions. You can either stop trading until the market conditions are more favourable or you can chose to retest and reevaluate your strategy on a demo account.
If someone is facing successive losses then he should have some break in Forex trading. Learn from crash and judge the mistakes that he is making and try to minimize mistakes and wrong discissions.
The cause of successive losses is aggressive behavior toward market. If you lose one time or two time then hold on and do not trade , just watch the market movement.
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 so that I can overcome my faults and after few days when I feel that now I will not repeat my mistake then I start the real trading again.
if i deal with successive loss, i made some plann for another day with different strategy and different rule. but before that i intropection and corection for the last session. sometime i get vacation for refresh my brain from forex trading.
Maybe you're right if there is time which it is better to move back to demo account again after I experienced losses many times in a row.
It is happening because you will feel down after experiencing losses many times and it's not good for your psychology. If you are down then
it's better to move back on demo account to bring back your confidency.
ye sabse acha tarika hai forex me apne losses ko handle karne ka..apne losses ko analyse karke aage tarding karne se aapko age chalke bahut fadyah otah ai aur aapko loss kiye hue sare paise bhi recover ho jate hai agar aapne thik se apne losses wali deal ko analyse kiya ho to..forex me profi wali deal se apko jitna seekhne ko milega use zada apko lsos wali deal se seekhne ko milta hai..har trader ko apen losses ko zarur analyse karna chahaiye