How do you deal with successive losses?

[johanarifin]

Successive loses is a serious problem faced by many traders in their trading career. Most newbies in forex is the unlucky people to experience that. Traders with long trading experience can already avoid too many loses in their trading.

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.

[sad]

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.

[sapna]

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.

[yulianto470]

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.

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 ndan
bomerang might our capital could be depleted without the rest of the meal by the market because of our own greed

[taufiqbd]

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.

[tw2012]

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.

[sdpsanjeewa]

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...

[ayakcalysta]

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

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.

[ishvara]

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.

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.

[Rizwan]

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.

always put SL and TP, is the best tips to avoid got bigger loss,
ans also, we must make our technical and fundamental analysis more better every day just by keep practicing,,
always read about global economy news,,,,