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  1. #1
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    Default Do you think that you can benefit from your losses?

    Losses are part of forex trading and they should be accepted like that. Handling the losses should not include any emotions and it can be very beneficial if a forex trader knows how to benefit from his own losses. There is always something to be learned from any single loss.

  2. #2
    Master Member gaban's Avatar
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    Loss is a part of the forex. we can not eliminate the loss on forex, we can only minimize loss. many causes of loss, for it is when we experience loss we need to evaluate the trade so that loss can be minimized good in the future.

  3. #3
    Master Member Uncle_Gober's Avatar
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    Loss is always very sad and heart rendering and if there is few loss then ok but if there whole account blown there there is much pain which i faced before. now i am faceing loss when there is loss i don't want to trade that time because it may harm more because that time mind remain disbalance and for this i just divert my mind to another things to forget pain and after few time later when make me refresh then try to find opportunity to enter the market and when get few winning trade then get back lost confidence again.

  4. #4
    Master Member gaban's Avatar
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    high risk high reward. That forex. forex is a business that has many profit and has many loss. good skills and a lot of capital is not a guarantee for us to be successful in forex. We also need to have a good psychology. as well as any good trading skills if not supported by good psychology we could experience loss due to forex requires not only skill but also good psychology. the loss we will become a strong trader

  5. #5
    Master Member Uncle_Gober's Avatar
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    Of course I can benefit from my losses. Because every I lose any trade, I learn something new and fix my problems. So, I don't make same mistakes again. Learn from your mistakes, following this simple speech, I am here making profits. Being an ECN broker, Armada Markets guarantees offset of my positions and supports me Best.

  6. #6
    Master Member gaban's Avatar
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    Quote Originally Posted by Uncle_Gober View Post
    Of course I can benefit from my losses. Because every I lose any trade, I learn something new and fix my problems. So, I don't make same mistakes again. Learn from your mistakes, following this simple speech, I am here making profits. Being an ECN broker, Armada Markets guarantees offset of my positions and supports me Best.
    yes, the loss will make us became stronger trader and we can learn from a loss so that we are able to obtain better results. any loss is not a reason for us to fear trading again. but every loss that we experience will give a lesson to us and can be a motivation for us

  7. #7
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    Quote Originally Posted by Uncle_Gober View Post
    Of course I can benefit from my losses. Because every I lose any trade, I learn something new and fix my problems. So, I don't make same mistakes again. Learn from your mistakes, following this simple speech, I am here making profits. Being an ECN broker, Armada Markets guarantees offset of my positions and supports me Best.
    That's the right answer I was seeking for and how all the newbies should think about losses.

  8. #8
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    Loss help us to find where we go wrong and the only way to benefit from loss is by learn from our mistake and minimizing our losses. Loss is part of the trade.

  9. #9
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    I consider loss as the stepping stone to earn profits. Losses in Forex trading can help us to learn the market condition so that we can earn more and more profits.

  10. #10
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    If a person is positive then he can benefit from any situation he gets into, but if he is negative then he will make mess of even profitable situations. I am working with Nova FX broker where I don’t worry especially as beginner. I am given 3 trades with their Risk Free Trade options; it never enables me to lose up to 500 dollars while whatever I win I can keep it without any huddle or restrictions at all no matter what amount.

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