How you react if you repeated losses? - Page 242
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Thread: How you react if you repeated losses?

  1. #2411
    Trader
    Join Date
    Mar 2017
    Location
    Biafra
    Posts
    11,775
    If you are experiencing this loss in a repeated mode, take a break from the live trading and try to switch to demo trading again. While you demo trade study your past trading in the live account and try to understand what you are not getting right. No one is happy to be loosing everyday and it will do a trader good if they can plan on how to handle this risk and build something that can help them earn from this business. Loss should be well managed and we should learn from our mistakes to get better.

  2. #2412
    Another feature of critical significance a newcomer should test is how responsive and accommodating the support is. As in some other business, the support office is one of the most significant offices and will help you with lost passwords, technical issues, issues with storing or pulling back money. What's more, since the Forex market is decentralized and circumvents the clock apart from the ends of the week, it is essential that your broker offers help in agreement. Aside from certain brokers offering you the likelihood to begin a talk and ask inquiries inside the platform, a large portion of the reputable Forex sellers likewise keep up call focuses, where administrators can support you if for instance your web association goes down during a trading session.

  3. #2413
    Exactly, if you are continuously incurring loss the best way is to take a break and review your mistakes. There is indeed something wrong, either a wromg strategy or poor risk management or some other thing. Its better to review those mistakes and take actions to avoid them in future.

  4. #2414
    Quote Originally Posted by Robrobin View Post
    Exactly, if you are continuously incurring loss the best way is to take a break and review your mistakes. There is indeed something wrong, either a wrong strategy or poor risk management or some other thing. Its better to review those mistakes and take actions to avoid them in future.
    You are right. Sometimes we have to take some time off and its better to start afresh to make the right decisions.

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