luke1 Posted December 14, 2012 Share Posted December 14, 2012 First, actually it is a great heart to admit, this guy did not make profit in 20 trades here. Because not all trader want to admit this thing here. Well, what we need to do, we have to do more and spend more time in the Demo account, or using the PAMM trading here instead Quote Link to comment Share on other sites More sharing options...
chintu Posted December 15, 2012 Share Posted December 15, 2012 Actually if you loos 20 trades once think one think why you lost 20 trades . did you lost due to the lack of forex skills then if really you think you lost because of the lack of knowledge than i suggest try to improve your skills as much as possible so that you will not face that situation in your future . Quote Link to comment Share on other sites More sharing options...
tirus Posted December 15, 2012 Share Posted December 15, 2012 One should not be guessing as to what the reasons for their losses is in this case but rather do their best to identify where the issue is so that they can rectify. If you try to continue trading without a turn around strategy then you will likely encounter more losses, lose a lot of confidence and become even more stressed. Quote Link to comment Share on other sites More sharing options...
budado Posted December 16, 2012 Share Posted December 16, 2012 If you loss 5 trades you must think already to stop trading and return to demo account. I don't know why its take 20 loses to make you realize or think what to do next. For me if you incur 20 loses it means your brain is not good enough to trade in forex. I don't advice that you go back to demo account. You are just going to put yourself to a lot of ordeal. Making one mistake is understandable. Making 20 continues mistake without learning for it. Its means something. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 17, 2012 Share Posted December 17, 2012 Getting help from someone who is more experienced about forex would be a good idea as well because they might be able to help you to learn properly and identify the mistakes that you would be making. This is especially so for newbies that are still new to forex and dont know how to trade properly. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 18, 2012 Share Posted December 18, 2012 That's a correct response for a new trader. To find a helper or atleast advice from those experienced traders. We know that we can find them through online like forum communities. And they will going to tell that traders should be more patient and not to give up easily particularly in the losing trades we've made because, it's normal and we need to learn from the losses we experienced to be better trader. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 20, 2012 Share Posted December 20, 2012 If you didn't learn anything from those losses then there is no reason to continue because those losses should serve as learning that in each trade you should have learned something and getting better the more you trade. Quote Link to comment Share on other sites More sharing options...
budado Posted December 21, 2012 Share Posted December 21, 2012 I guess some are just born natural trader. I understand now that commonsense is not so common to all. A friend of mine and me has some pity fight simply because of simple issue. Its about diet. In diet we count calories intake. And one cup of rice is equal to two slice of bread in term of calories and a friend of mine insisting that its much better to eat only two slice of bread since if you are in diet you need to go hungry.. Â Same thing in forex trading. Some just don't know the difference between equal opportunity in forex. Equal opportunity means its either way you loss or make profit in forex. now if you want to be in profitable side then try to learn and then earn. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 21, 2012 Share Posted December 21, 2012 I guess not really born to be trader but genius in Maths and analysis. Since, I guess this is the factor that really affects a good trader. I don't think we can have good analysis if we are not good in Maths and can't have probabilities or predictions of the facts and numbers we've seen. So, this losses to quit is just naive to quit in trading without proving if they can't make profits for some time. Quote Link to comment Share on other sites More sharing options...
indieover Posted December 26, 2012 Share Posted December 26, 2012 I am looking at the causes of my losses so that i would be successful next time. As i have made lots of losses and its not just okay to keep on losing. But i would not give up. I know that losing is just part of forex trading. If i would not be discourage then I'm sure i can learn well Quote Link to comment Share on other sites More sharing options...
budado Posted January 1, 2013 Share Posted January 1, 2013 Find a solution is much better if its done in demo account. I know you don't need to be a perfect trader if you earn to earn in real account .But at least its good if you can minimize your loses in demo so that you can have higher chance of earning once you are in real account. But if you going to do trail and error in real account then chance are you going to loss big money. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 2, 2013 Share Posted January 2, 2013 No matter if you lost 20 traders or 200 traders but you need to have a good understanding in forex then only you will be earning some money with this business and i am sure that it is not at all possible to earn even a cent in forex with out proper knowledge . So in opinion it is good if you really want to earn they you need to develop more skills and at the same time have a good practice . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 2, 2013 Share Posted January 2, 2013 The defination i would be giving to losing in forex is that it is a time to go to the drawing board.losing doesn't mean we should be giving up,it is an avenue for us to know where we got it wrong and go ahead to make amends so that we wouldn't do such a mistake again. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 2, 2013 Share Posted January 2, 2013 Never make the same mistake there are just too many of it that's why we have to learn with our mistakes because if you don't you'll get stuck in there 'til you learn it. That's the reason why you lost 20 trades, is that straight? Quote Link to comment Share on other sites More sharing options...
tirus Posted January 2, 2013 Share Posted January 2, 2013 Yes, there has to be a reason for the losses at the end of the day and they did not just come out of the blue. Immediately you are involved in a string of losses then you must find out what the real cause is otherwise you will just continue to lose indeed as you are stuck in that cycle of losses with no improvements whatsoever. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 3, 2013 Share Posted January 3, 2013 Yeah that's true.The thing he needs is to sit down to find out the real cause of the problem sinceThere is no way a problem would be solved without we knowing the cause.I think giving up likewise would be the solution.There is a saying that says that losing or failing everytime doesn't make you a failure but giving up is what makes you a failure. Quote Link to comment Share on other sites More sharing options...
budado Posted January 6, 2013 Share Posted January 6, 2013 Lost 20 trade? I advice and continue trading and if you loss another 20 trade and I will still advice that you continue trading. If you end up broke then that' the time I will say you stop trading and the main reason why you get broke is that no matter how many times you loss you don't learn from it. Its not the loss that is the problem in here but the learning. Because its a clear sign that you never learn at all. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 7, 2013 Share Posted January 7, 2013 I think anyone that goes ahead to lose consistently in forex is either as a result of not learning well or being greedy.it isn't a good thing to give up and that is majorly what makes us a failure.we should be wise in correcting the wrongs of every loss made. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 7, 2013 Share Posted January 7, 2013 Then you may need to also find ways to boost your learning you do find that you are continuously losing and cant find your way out of the losing streak. Its possible that alone you are not able to determine where you are going wrong so getting help would also be ideal. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 7, 2013 Share Posted January 7, 2013 If you lost 20 trades then i am sure that problem is in your way of trading and i suggest you try to practice more and more with the demo account and that will help you to learn many new things and new tactics of trading so it will be good if you use demo trading for some more days and try to make profits in demo account . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 8, 2013 Share Posted January 8, 2013 I think losing up to 20 trades means there is a problem in the foundational back ground.when the foundation of a building isn't good then there is an every chance of it collapsing and that likewisely applies to forex.you should trace back your foundation for amendment. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 8, 2013 Share Posted January 8, 2013 Look at the very basic because you could be missing something in here because trading 20 times in Forex trading you should make some winning trade at least one in here because luck is something that exist in Forex trading, and with your situation it's like it's hard to believe when you are trading rightly. Quote Link to comment Share on other sites More sharing options...
Nagilover Posted January 8, 2013 Share Posted January 8, 2013 My advice of this thread is you should out of forex forever because It is easy reason because you are not comfortable with trade in forex.and your strategy is too bad. For I am you I must bring bucket cover my head for sure because It is very embrassing for me. so as I think pratice is not help anything should retire it.. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 9, 2013 Share Posted January 9, 2013 He isn't a failure in forex until he gives up.we should never be giving up in anything no matter the number of times we must have tried.forex to me can't be known in a day.it requires time and effort for an individual to grab it.what he needs is yet to learn. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 11, 2013 Share Posted January 11, 2013 If a trader loss 20 traders continuously then i am sure that it is the fault of the traders not the system so i think there might be a lack of knowledge or practice to trade and that will be the main reason the trader is loosing continuously for 20 times . I really suggest then to go back to there demo account and try to practice as much as they can . Quote Link to comment Share on other sites More sharing options...
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