Lost 20 trades. Do you advice I quit trading?

[pepy]

Sanity lose? Well that is overreacting maybe but to me lost 20 trades isn't a reason to fully quit from forex trading, i mean you are half way it is too pity just quit from forex because of that thing, what you should do after lost 20 trades is to learn why and solve the situation you are in.

[myregister]

It is not overreacting buddy, there are traders who lose their sanity because of their reckless trading but this is not always happen and there is only small amount of trader who lose their sanity which you may ever heard, usually they come up with money that they rent from banks.

[pepy]

Not overacting because there are a lot of traders that also lose their sanity because of how much money the loss in forex, well this is understandable since most of them who lost their sanity usually use their hot money or even worse take a loan from bank. But 20 traders stil a bit small compared to some traders who loss around 100 or more trades.

[onyx]

loosing too much trades in a single day is really a painful for a trader. You should not over trading , after loosing some trades one should not trade again . wait for next time after some days with a new passion. Now try to recover loss with slow strategy and see your mistakes first . You can get more practice on demo for this purpose.

[myregister]

This is what coming into my mind there is new day or there is tomorrow so don't ever try to recover at that time, wait for the right time. It is just like war, it is better to withdraw for a while and then come back later with better preparation rather than forcing ourselves to do something that may make us loss.

[gaban]

mentality and motivation is very needed for any trader, without both of them, trader just leave forex trading with so easy, but i think if u already lose 20 times, i just suggest u to learn again at demo account, or search another option of business, because maybe its just not work for u.

[myregister]

He doesn't have to quit forex by searching the other business. He can simply re-learn with those mistakes, 20 trades aren't so much yet painful for trader, but if this is his limit it seems even for lower risk business he cannot even make much difference. I suggest re-learn forex in demo account, and make sure to learn it carefully and don't have thought i must earn faster.

[Beagra]

When you have only losses, and there is no profit, you need to start to understand what you are doing wrong, a very good way is to contact managers, such as Amarkets, which will prompt and help you.

[gds221]

In general, losses in the course of work are quite normal. As for me, the most important thing is to correctly analyze the cause of losses.

[Namu]

On 12/8/2015 at 9:21 AM, gaban said:

mentality and motivation is very needed for any trader, without both of them, trader just leave forex trading with so easy, but i think if u already lose 20 times, i just suggest u to learn again at demo account, or search another option of business, because maybe its just not work for u.

At the Instaforex broker itself what can a trader use in order to gain profit, and is there a minimum limit for withdrawal transactions, and can traders take advantage of opportunities when there is a political storm?

[Latham Lapard]

If you are learning from your losses, I don’t think anything is wrong with it. So we should definitely be okay and should continue. Luckily, I am with FreshForex broker. I love it with their low spreads, high leverage, bonuses and my favourite rebate program.
 

[Vaabum]

In general, after failures, one should not be so critical of everything. It is better to look for the place where the trader made mistakes.

[FXOpen Trader]

On 4/26/2022 at 10:25 PM, Vaabum said:

In general, after failures, one should not be so critical of everything. It is better to look for the place where the trader made mistakes.

If we are doing some mistakes then we will need to learn how to minimize them.

[Upoctin]

Rethink about your trading plan, strategy and again try to learn forex before start again. It will help.

[Vaabum]

If you work according to your logic, then all trading is only for success. I hasten to assure you that this is not at all the case.