Is there a cure for losses?

Discussion in 'For novice traders' started by Roman Rias, Sep 21, 2017.

  1. Roman Rias

    Roman Rias Member

    Losing is very much like disease, so it is very crucial that we work hard towards overcoming the losses and play it well to get rewards. I personally feel there is no ultimate cure to losing, but if we plan well then we can certainly move forward to making good profits.

    The simple way is to be discipline, patience and always open to learn, it is what will help us with working and finding ways to handle losses. What you guys say?
     
  2. andengireng

    andengireng Member

    The only cure is learn, learn and learn, if you still loss in forex, don't give up, you just one step closer to your success, be great at Forex is not only 1-2 weeks but it need 1-2 years, and maybe you will find your own technique. The key is don't give up when you get losses!
     
    ibm'73 likes this.
  3. Yes, there is a cure and that is good money/risk management. If our money and risk is correct then we should be able to close the gap between winning and losing. But mostly due to being greedy, we are unable to plug it and continue on with losing.
     
  4. ibm'73

    ibm'73 Active Member

    I totally agree with this one opinion
     
    Nia likes this.
  5. Tengkorakfx

    Tengkorakfx Member

    Try to always evaluate your trading progress, there must be a mistake that you can take to learn and try not to make the same mistake again. well, you can do this evaluation thingy on the weekend after your trading days...
     
  6. NewbieTrader

    NewbieTrader Member

    cure for losses is one: profit :D
    it sucks but that's the truth. just don't put too high of a target for yourself. make small targets but praise yourself every time you reach them. soon you'll get over your painful losses.
     
  7. andengireng

    andengireng Member

    Don't worry.. The cure is just practice, more practice and you will get smarter, know what to do when you face forex market, don't give up. now you lose, next you are the winner. Just focus on 3 points : Money management, strategy and mindset. If you mastered all of them, you will be the winner.
     
  8. Francmorio

    Francmorio Member

    Honestly, there's no cure, but you could learn to get used to losses, losses should strengthen your learning skills. Come up with a good strategy and live by it. That simple!
     
  9. NewbieTrader

    NewbieTrader Member

    That's true. But we're not perfect. of course we want profit. of course losses make us feel bad. you just need to learn the fact that you can't say goodbye to losses. you just have to work on your profit more.
     

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