FAQ Do I Have to Accept some Big Losses in the Beginning?

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dvid

Newbie
3 0
You have to calculate losses into your trading. There's no way you never going to lose every time you trade the markets. You have to accept losses, but not big ones. Sometimes there will be times when you will have losing trades in a row, but that's part of the game. If you are constantly taking big losses then you should take a break and analyze your losses and try to figure it out why did you have constant losses? Which part of your strategy is not working? What are you doing wrong?

Hope it was helpful.
 

Smurai

Junior member
12 0
is normal to loose the first year. is better open live aconuts <500 usd with good moneymanagement for beginners
Yes it is normal to lose in initial trading days (you might consider that as your trading fee also) that's why it is always advised to use proper risk management and start with the amount which you can afford to lose.
 

Richard Salime

Junior member
10 0
absolutely if, to win you have to lose and not just once or twice, you are really going to have to lose several times, this market is not easy, it takes a lot of dedication
 

progix

Well-known member
264 4
absolutely if, to win you have to lose and not just once or twice, you are really going to have to lose several times, this market is not easy, it takes a lot of dedication
Better taking some time to learn and develop the right skills which required for trading and earning money from forex trading. It is better to wait and learn rather than losing money and exiting the market IMO.
 

Beast45

Junior member
23 2
Try to start with lesser funds first. Test your strategies with those first; that can help to reduce the losses if any.
 
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Boris Marshell

Junior member
34 0
Better taking some time to learn and develop the right skills which required for trading and earning money from forex trading. It is better to wait and learn rather than losing money and exiting the market IMO.
Exactly or one can even practice on demo account to get the idea about how live trading is gonna be.
 

logicgate

Junior member
35 5
Accepting losses is a big part of trading. Big losses, on the other hand, are a sign of bad trading or overtrading. Goes agains the "cut your losses quickly" adage.
 

tradingout

Junior member
22 3
Acceptance is the key to be truly free. If you cannot accept it, then it will be hard for you to maintain in future.
 

marcela 2020

Member
70 2
We all need to accept these perspectives if what you want is to have experience and learn more about the market. Those first losses are not easy, but they must be overcome and followed. that's called perseverance
 

Level_Trader

Member
94 1
Accepting losses is a big part of trading. Big losses, on the other hand, are a sign of bad trading or overtrading. Goes agains the "cut your losses quickly" adage.
Totally agree, losses are part of the inventory as no trader has 100% profitable trades. Losses have to be managed though just like profits. The delta between the two is ultimately what differentiates successful traders to poor performing traders. Making a large profit on a trade means nothing if you wipe it out with equally large losses.
 

Bob_Marc

Junior member
17 2
Losses are a part of every trader's trading. However beginners are more prone to losses because of less knowledge and experience. So better is to start with a low capital so that even losses aren't huge. Rest for all beginners my advice would only be that its okay to make a loss as long as you learn something from it.
 

chartmans

Newbie
3 0
Initially, you may have more losses but it’s fine since you are a beginner and it takes time to come to a profitable situation. One advice is to always go with less capital in the beginning so even if you make losses, it won’t affect you much and never risk more than you can afford to lose.
 
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