tirus Posted July 20, 2012 Share Posted July 20, 2012 It shouldnt be a must to loose in order to become a better trader. Generally, we tend to learn better from our mistakes that have resulted in the losses but yes, if you are able to indentify what to do in order to avoid making certain mistakes that result in losses in advance, there is no need to incur the loss itself for it to sink in. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 21, 2012 Share Posted July 21, 2012 It shouldnt be a must to loose in order to become a better trader. Generally, we tend to learn better from our mistakes that have resulted in the losses but yes, if you are able to indentify what to do in order to avoid making certain mistakes that result in losses in advance, there is no need to incur the loss itself for it to sink in. so we must be in profit always? over and over again?i never see a trader that since from the first time trading never get any single losse in their trading, i think loss is a must but don't do it with intention. loss is something that many people trying to avoid but not always can be avoided. Quote Link to comment Share on other sites More sharing options...
tirus Posted July 21, 2012 Share Posted July 21, 2012 I agree that losses in forex trading cannot be avoided as they will occur at one time or another. What I mean is that we should not just relax but remain vigilant so as to avoid unnecessary losses. We can also learn from other people's losses so that we know how to avoid making those same mistakes ourselves. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted July 23, 2012 Share Posted July 23, 2012 Its always be there. As long as we have risk in this trading business we will guarantee or encountering or experiencing to have losses in our trades. Don't expect to have here all profits or all win trades as its impossible. And impossible to have perfect trader. I know that its not necessary to make losses or intention to just lose to say that they can have success. Quote Link to comment Share on other sites More sharing options...
tirus Posted July 24, 2012 Share Posted July 24, 2012 At the end of the day we are into forex trading for the profit and to win trades. There is thefore no reason for us to want to lose first before we can succeed even when we have the odds favouring us because that will defeat the entire purpose of trading which is to become more profitable and minimize losses. Quote Link to comment Share on other sites More sharing options...
indieover Posted August 7, 2012 Share Posted August 7, 2012 we all want to win and not lose money if you want to commit mistakes try to do that in your demo trading. don't try to get lazy and so you lose because of laziness to practice well on the demo trading and to learn forex well. Quote Link to comment Share on other sites More sharing options...
tirus Posted August 15, 2012 Share Posted August 15, 2012 we all want to win and not lose money if you want to commit mistakes try to do that in your demo trading. don't try to get lazy and so you lose because of laziness to practice well on the demo trading and to learn forex well. Â It is important to learn from the demo account so that you can be better prepared when you go live. Unfortunately because we are human we are still bound to make the same mistakes in live mode and even more in live than in demo mode. As long as we really learn from them and know what to do the next time we encounter such a situation. Quote Link to comment Share on other sites More sharing options...
hardworks Posted August 20, 2012 Share Posted August 20, 2012 Yes, i agree with the thread. If we want to get real experience, then we must face lose to taste what we did that make loses. After getting loses, we should analzye on it to avoid it in future and also to learn about the mistakes. Experts should face huge loses and also many stop outs. Quote Link to comment Share on other sites More sharing options...
tirus Posted August 27, 2012 Share Posted August 27, 2012 Well, the key is that you make sure that you learn from those losses because it would be useless if you still make the same mistakes time and time again. You need to determine where you are going wrong so that you can improve yourself as a trader and your trading strategy as well. Quote Link to comment Share on other sites More sharing options...
Hunter Posted August 29, 2012 Share Posted August 29, 2012 Not only losses but profitable trades also teach good lessons for a trader. It doesn't matter weather a trade goes into negative or profit, we can always learn something from it. But in a sense i will surely accept the fact that no one can start earning big without losses, so it's a thing that must be accepted because you can't run away from it. Quote Link to comment Share on other sites More sharing options...
tirus Posted September 2, 2012 Share Posted September 2, 2012 Of course the winning trades also give us experience because we know what to do the next time around in order to have profits like we did the last time we made profits. Its always good to keep track of what you are doing when trading because then you can know what works for you to replicate in future trades. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 2, 2012 Share Posted September 2, 2012 If we think carefully both of these effects on our trading will benefits us if we are going to use them properly. For instance, that we made some losses but we are going to use it to identify our mistakes or weaknesses in trading and try to use it as our strength. While, in our profits made it will give us more motivation to enhance our forex strategy and our confidence in trading. Quote Link to comment Share on other sites More sharing options...
profitfx Posted September 5, 2012 Share Posted September 5, 2012 we all want to win and not lose money if you want to commit mistakes try to do that in your demo trading. don't try to get lazy and so you lose because of laziness to practice well on the demo trading and to learn forex well. yes if you want to comnit mistakes trying to do that in your demo trading.But i think losing money in forex trading is not only because the laziness. Because noone become laziness when they earn money. And so ask to question why they win while you lose. Quote Link to comment Share on other sites More sharing options...
fari Posted September 8, 2012 Share Posted September 8, 2012 loss is a part of this job so don't worry about it. you cannot avoid it the thing that you can do is just reduce it with the help of your strategies. loss and profit cannot be separated here. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted September 8, 2012 Share Posted September 8, 2012 It is what can make us a good trader, but if you can't learn from your mistake then it would be useless for you just make sure that what you are losing will be worth it at the end of the day because you will get an experiece and without experience you can't be a good trader so learn from your mistakes. Quote Link to comment Share on other sites More sharing options...
fari Posted September 12, 2012 Share Posted September 12, 2012 I believe we didn't need to lose first so we could study amazing in forex. We can learn incredible in forex marketplace though we didn't knowledge loss in forex marketplace. We could study from another experience too but that is factual if we could use losing in forex as class to be improved in trading in the prospect. Quote Link to comment Share on other sites More sharing options...
budado Posted October 2, 2012 Share Posted October 2, 2012 Losing is a sign of failure. If you are making profit its not beause you failed but its because you learn from your failure. I'm happy that I'm earning good amount of money in forex right now. The more I earn the more I realize that making profit is the best way to live. I'm very happy that I'm earning good amount of money in forex right now. I really do but not beause I failed but because I learned. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted October 6, 2012 Share Posted October 6, 2012 Losing is always failure but can be the key for our success. Its like we see losing as our weakness but we can use it as our strength. It can be mean that in having our losses reviewed and checked, one can finally find out what the cause of their losses and learn from it. Losses will definitely give us also our strength to be motivated if we think it in a good side like we will be eager more to have profits than losses. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 7, 2012 Share Posted October 7, 2012 true without experiencing loss in trading then we will not be able to form a profitable trading strategy, because of the loss we would experience a phase change in the system of our trade so it would be better and certainly will be more beneficial if we learn our trade any errors we have done Quote Link to comment Share on other sites More sharing options...
zebrut Posted October 10, 2012 Share Posted October 10, 2012 there is a saying that failure is success delayed, everyone must have experienced failures let alone a beginner who just know forex trading in forex and start doing business will certainly fail. but can we rise from failure and learn from failures that have come to us, most of the starters will not understand the meaning of the failure and continue to repeat the mistakes without learning to understand the failure itself. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 12, 2012 Share Posted October 12, 2012 indeed very true to what you are saying without any failures then there would be a success and we must really learn the mistakes that we have done our cause a failure because with it we can make a better trade system again and also we be able to establish a good trading psychology so that we can prevent the failures to happen again to us for the next trading Quote Link to comment Share on other sites More sharing options...
tirus Posted October 21, 2012 Share Posted October 21, 2012 If you have faced loss by making some mistakes in the past you are bound to be more alert indeed in the future when you come across the same situations. One thing to consider as well is that you can learn from other people's mistakes and experiences too that can help avoid you from facing the loss yourself so you dont necessarily have to face the loss yourself to know how to handle the situation better. Quote Link to comment Share on other sites More sharing options...
arsii619 Posted October 22, 2012 Share Posted October 22, 2012 There's another saying that when you reduce, do not reduce the class. It relates to a lot of investors as well. Of requirement, we should always try to comprehend the factors behind the failures we have knowledgeable in our deals. Quote Link to comment Share on other sites More sharing options...
tirus Posted October 24, 2012 Share Posted October 24, 2012 Yes, it is through knowing the reasons for you failures that you will be able to know what to do when you come across the same situations next time. This is the once bitten twice shy concept. I just feel that you can also learn from other peoples experiences so that you dont fall into the same trap yourself. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 25, 2012 Share Posted October 25, 2012 indeed we also have much to learn from the experience of others as well because if we only rely on the experience we have then it will not make us reflect on the mistakes that we have made because there is still an enormous selfishness in us and we will never realize the mistakes we have done ntuk that if we look at the experience of many other traders will surely make us realize that the mistakes we have done will make us a better trader Quote Link to comment Share on other sites More sharing options...
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