How to deal with daily losses

[edwinndagijimana]

Is there a valid way to say bye to losses I know it sounds ridiculous

 

[Sherverty]

Losses are the common thing of forex trading and we can only avoid or minimize them with risk management and money management. Always be ready to learn forex before the start and have a good strategy and plan.

 

[boo122002]

Dealing with losses is quite hard for me. I tend to revenge trade most of the time which killed my account. I love reading the Disciplined Trader book by Mark Douglas helps quite alot

 

[matthew.junk]

risk management is key. perhaps you will need to trust the process and just trade like a casino. law of large numbers. if your system has an edge, the winners will eventually cover the lossers.

 

[Robert Hills]

Forex is a very good business if they can make good use of strategies and plans and make stable profits. As long as traders have time to learn about forex, they can have a bright future in the forex market. It is one of the best online businesses. It existed long ago. I am also a forex trader and trading for almost 3 years.

 

[James Olumide]

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[pippin]

Is there a valid way to say bye to losses I know it sounds ridiculous

Yeah, there is! Stop trading: you get zero risk, but zero return in exchange. Risk and return go hand by hand

 

[avnerchain]

The best way to deal with losses is to have a loss threshold as part of your trading plan. Once the threshold is reached, leave the market for another day. The market never runs away; it's always there. I advise you focus on acquiring trading knowledge. If you have a model with a risk-reward ratio of 1:3, it's a nice place to start.

 

[pippin]

This is a really important topic for me as I'm just starting and already feeling the sting of even small demo losses. It's easy to say manage risk, but what are some concrete first steps for a beginner to actually do that and avoid the temptation to win back losses?

 

[pepefv89]

To deal with losses in forex I only stay with the following

1. Accept losses as part of the game – even pros lose trades.
2. Stick to your strategy – don’t revenge trade.
3. Use proper risk management – never risk more than you can afford to lose.
4. Review and learn – analyze what went wrong and improve.
5. Stay emotionally detached – keep your mindset calm and focused.

There is no trading strategy that is perfect, using good MM is always best