Skip to main content

Real Forex Traders Learn To Like Losses

As a forex trader you have to learn how to take losses. Period. Don't be a crybaby. Learn how to take losses.


Learning how to take losses is one of the most important lessons you must learn if you want to survive as a trader. Nobody is 100% right all the time.


Losses are inevitable. Even Michael Jordan and Tiger Woods lose sometimes and they're considered the best in their field.


There will be trading streaks where you'll have a number of successful consecutive trades, but that will eventually come to an end you will take a loss.


As that point it’s very important not to lose your head, you must remain in control of yourself. Don't have a cow man.


Take a break. Calm down and relax. Take a chill pill dude.


Until you've regained a clear mind and an ability to think logically again, stay out of the market.


Don’t whine about your loss and never carry a prejudice against a loss.


The key to manage losses is to cut them quickly before a small loss becomes a large one.


I repeat. The key to manage losses is to cut them quickly before a small loss becomes a large one.


Never ever think that you will never lose. That's just ludicrous. Losses are just like profits, it’s all part of the trader’s universe.


Losses are unavoidable. Get over the loss and move on to the next trade.

Popular posts from this blog

How To Start Trading The Forex Market Part 4

How Currencies are quoted and what moves individual currencies? ONE of the best advantages in FOREX Trading is The amount of money you need to place a trade (known as "margin") is all that can be lost ! You have to know, that despite the super-high leverage offered by some Forex brokers up to (400:1); meaning if you put up $ 1000 the broker will allow you to trade like you really have $400.000). Forex trading is still less riskier than Stock or Futures Trading, where you can loose more than you have deposited in your account. This type of LEVERAGE does NOT EXIST in the equities or futures market In the Equities or Futures markets, very often, sudden and dramatic moves occur, against which you can’t protect yourself, even by having placed your protective stops. Your position may be liquidated at a loss, and you’ll be liable for any resulting deficit in the account. But because of the FX market’s deep liquidity and 24-hour, continuous trading, dangerous trading gaps and limit m...

Is It Safe To Invest In Shares Or The Forex

You feel yourself financially able and personally qualified to invest. You can meet the conditions of reasonable stability, reasonable flexibility, and reasonable caution. But nagging doubt remains. Wouldn't you really be better off with your extra cash in a savings account? Or a piece of real estate? In short, is it really safe to invest? Well, how much safety do you require? Since there are no absolutely sure things anywhere, safety must be looked at as a matter of degree. There are no guarantees of success in stock ownership, no guarantees against loss. Even the thoughtful, conscientious investor can be taken to the cleaners. It should be remembered, however, that investment in stocks is a way of sharing in the profit potential of American industry. Is the American economy safe? It seems to be. Since 1900 it has been rising in productivity at an average rate of 4 per cent per year. Our Gross National Product is now nearly $480 billion. By 1965, according to quite conservative es...

Forex Exiting Positions At A Right Time

The presented article covers one of the most important (in author’s opinion) aspects of trading in general and FOREX trading in particular – managing of orders and positions. This includes choosing entry points, making decisions about exit points, stop-loss and take-profit of the trader. I hope this article will help new traders, who just began to work with FOREX, and also to experienced traders who trade regularly and regularly make or loose their money to the market. When I started to trade FOREX and made my first big losses and profits I began to notice when very important thing about the whole trading process. While the right time to enter a position was rarely a problem for myself (nearly 80% of all my open positions had gone into the “green” profit zone), the problem was hidden in the determining the right exit point for that position. Not only was it important to cut my risk on the potential losses with stop-loss orders, but to limit my greediness and take profit when I can take...