standart Posted January 28, 2013 Share Posted January 28, 2013 if trader loss 20 times consecutively, that mean there is something wrong with their trading method. in this case, important to trader stop trading for a while to fix their problem and not force to keep trading while previously, proven that their method ineffective to gain profit. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 29, 2013 Share Posted January 29, 2013 It's really frustrating losing especially when the money was come from your pocket. If you've noticed something's wrong then give yourself some time to figure out because it's really necessary if you going to have an evaluation because it is the only way that you can find your mistakes which cause the losses so consider it. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 29, 2013 Share Posted January 29, 2013 Sincerely it would take a real courage for one who losed 20 trades to come back to do forex.But the question is has he learnt his mistakes??because to me it would be a total waste of time if that should be the case.sincerely he must be battle ready the next time around. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 29, 2013 Share Posted January 29, 2013 It's surely a total waste because those losses is part of the learning process and if you didn't learn anything from it then that is just a total waste because no matter how bad it is, as long as you have something to learn from it then you don't lose anything at all because experience is much better than anything. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 29, 2013 Share Posted January 29, 2013 It's surely a total waste because those losses is part of the learning process and if you didn't learn anything from it then that is just a total waste because no matter how bad it is, as long as you have something to learn from it then you don't lose anything at all because experience is much better than anything. Â Yes for every loss we face, some thing nor other new things will be learning from them . A trader should learn from his previous mistakes and that will really help then to execute trade successfully in there future . if a trader loss continuously for more than 20 times we can simple say that its fault of his learning and i think he should again go bad to the learning stage . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 30, 2013 Share Posted January 30, 2013 Sincerely to me for every mistake we make we should be learning a lesson meaning such mistakes shouldn't be made another day.We must endeavour to get everything right at every point of time when we doing forex to avoid us losing funds everytime. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 30, 2013 Share Posted January 30, 2013 This is just one of the reasons why forex is not easy to learn because before you can be really successful in your trading you have to encounter some losses while the same would apply even if you are an experienced trader. One just has to know how to bounce back from these losses. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 31, 2013 Share Posted January 31, 2013 Yeah that's true.Bouncing back is essential.it is a real encouragement.sincerely to me bouncing back should be as a result of we having corrected everything we need to so that we would eventually be passing through those things that made us lose initially. Quote Link to comment Share on other sites More sharing options...
standart Posted January 31, 2013 Share Posted January 31, 2013 losses can not be avoided because in essence, the trader can not control the movement of the market. loss will always be there even if traders are as good as possible and to be careful in analyzing market movements. that traders need to do is accept it and close as fast as possible before everything goes worst. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 31, 2013 Share Posted January 31, 2013 It is not at all possible to control the market and loosing is really very common in forex i think if we loos continuously then we need to have a good practice with demo account and that will help us to trade with out loosing . But we should remembers that demo trading should be done very seriously so that you can able to trade well with real account . Quote Link to comment Share on other sites More sharing options...
riddick09 Posted February 3, 2013 Share Posted February 3, 2013 Definitely. Are we going to just look our trading continuously failing and did not think about learning or recall of our strategy to check if there's something wrong or not right in it or in ourselves already. Therefore, this is just a reminder that a trader should check their mistakes and learn and correct it in their next trades. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 3, 2013 Share Posted February 3, 2013 losing 20 trades is not a good sign and one should take this very seriously and stop Forex trading at least for a while to review and analyse the mistakes. Repeated mistakes indicates that we are not learning from our past mistakes or unable to rectify our faults. If the reason behind the losses is undisciplined trading or greed its better to give up Forex and chose some other way of earning. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted February 4, 2013 Share Posted February 4, 2013 I wouldn't be advicing the individual to give up.giving up wouldn't in anyway add or take anything away from us.sincerely to me forex is important and to do well in it we must always continue to put in our best to get better and better day after day. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 7, 2013 Share Posted February 7, 2013 losing 20 trades is not a good sign and one should take this very seriously and stop Forex trading at least for a while to review and analyse the mistakes. Repeated mistakes indicates that we are not learning from our past mistakes or unable to rectify our faults. If the reason behind the losses is undisciplined trading or greed its better to give up Forex and chose some other way of earning. for a while, yeah that is the key, push ourself is a bad thing to do, it is better to re-evaluate again how we trade and try new strategy when trade, i think with 20 losses it means that there is something wrong with the action that trader take when he/she trades, so it will be better to stop a while and then back again when he/she is ready. Quote Link to comment Share on other sites More sharing options...
budado Posted February 7, 2013 Share Posted February 7, 2013 Its funny that he loss 20 trades and he is still wondering if he want to stop trading. A clear sign that he does not know what he is doing. forex trading is good and we can make good income if we only know what we are doing. And losing 20 trades and still don't know what to do is a clear sign that a trader has minimal if no knowledge about forex trading at all. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 8, 2013 Share Posted February 8, 2013 If we lose continuously then its a serious issue and needs to be considered very carefully. Continuous loss means that we are not good in Forex and needs to further improve ourselves. There fore we should immediately stop Forex at least for the time and revert to the demo account and learn more and practice more. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 13, 2013 Share Posted March 13, 2013 Not a serious thing for those who start but a reminder that they need to look for their mistakes and their weaknesses in Forex. And slowly try to have these eliminated sooner or later to have their trading works better and therefore gain profits. The number of losses does not state of the time to quit it's in our feel or thinking about our current status. Quote Link to comment Share on other sites More sharing options...
euro Posted September 20, 2013 Share Posted September 20, 2013 Well, it doesn't mean that you should give up. You should assess your skills or have someone look at your trading styles and see where you go wrong since it might not be the end but you just need to fix your mistakes. Now, its not all your fault sometimes since the market fluctuates so much the only way to tell is that you should have experiences in existing bad trades and entering at a good time. So this could be your experiences. I recommend that you go back to demo and practice some more and learn how to take profit and see where you go wrong. Since just a little mistake could help emptying your account in forex so pay attention to details. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 23, 2013 Share Posted September 23, 2013 We should be able to rise from that adversity. We do not need to leave the trade just because we lose 20 trades. It's tough when we lose. But we can make it as a problem that is very valuable lesson for our trading progress. Evaluate, find out our mistakes and improve. Quote Link to comment Share on other sites More sharing options...
screw_twizz Posted January 3, 2014 Share Posted January 3, 2014 Mhm, maybe it would rely on an individual. but i do believe far better decrease your current burning simply by pursuing the rules regarding how to deal. burning off is a part of investing. however, you can certainly decrease your current burning. the biggest thing is you retain with studying. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 4, 2014 Share Posted January 4, 2014 One thing that always crosses the heart of any newbie is that of quitting after even the first loss. It is not out of place to find that because it's not everyone that will withstand losses especially if it is coming incessantly. But I know that in Forex, those who later win are those who persevere. The more a trader strives, The better he would trade. Quote Link to comment Share on other sites More sharing options...
Rayyanviper Posted January 9, 2014 Share Posted January 9, 2014 First of all, the decision will depend on the trader. If he wants to quit, then it could be a good idea if he thinks that remaining in this business will bring him towards more loss. But according to me he should give himself another chance. if he tried several strategies and it did not work then he should try another. To know about the best strategies, he may educate himself more on Forex once again and get a good idea of what he should do. Then, if he is doing good in Forex, with time he would be able cover his previous loss. Quote Link to comment Share on other sites More sharing options...
standart Posted January 22, 2014 Share Posted January 22, 2014 consecutive losses explain that there are something wrong in trading approach and strategy. the best way is conduct review and found the problems by traders end up with such many losses. quit is not an option if traders willing still to become successful in this business. Quote Link to comment Share on other sites More sharing options...
Stekin Posted February 1, 2014 Share Posted February 1, 2014 I don't advice to quit your trading when you lose. Trading will here, mean that the trader can lose and can win. When you lose too much, you should go back to the demo account and learn how to trade again. If you are losing too much, it means that you don't have the trading knowledge to trade. So therefore, it is better that you first of all, get the trading knowledge. Quote Link to comment Share on other sites More sharing options...
standart Posted February 3, 2014 Share Posted February 3, 2014 loss consecutively and it many explain that there are something wrong with traders approach in trading. better if traders stop trading temporary in order to review their approach. see the problems and make it fix. than traders keep continue trading but let the problems keep exist. Quote Link to comment Share on other sites More sharing options...
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