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Author Topic: Why we loss and how much we lost ?  (Read 6777 times)

Offline sammcgee

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Why we loss and how much we lost ?
« on: March 26, 2013, 02:09:59 AM »
reasons:
1)expectation beyond realilty
2)not doing your homework
3)absense of a system of trading
4)Lack of knowledge
5)recurrence of entry on the same day
6)rely on others in decision making
7)trading without a plan
i think their is many and many reasons that can affect on our profit so if u dont want loss your money so dont make agressive steps and remember (offer only what you can loss)
Trading forex as a novice? Visit my site to learn a couple of strategies in trading forex that are easy but profitable.

Offline fxman

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Re: Why we loss and how much we lost ?
« Reply #1 on: April 13, 2013, 10:53:50 PM »
I want to add one, that is tendency of not accepting loss. Sometime we keep open trade against a trend and start fighting against market. Our emotion can't admit the wrong decision and we let our floating loss bigger and bigger with a hope that market will reverse. It is very bad tendency. We should place suitable sl in every trade or at least we can hedge that time to stop the loss if we believe that market will reverse.



Offline Jira

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Re: Why we loss and how much we lost ?
« Reply #2 on: April 17, 2013, 07:37:04 AM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.

Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.

Offline deathlord

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Re: Why we loss and how much we lost ?
« Reply #3 on: April 17, 2013, 09:12:57 AM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.
No, absolutely not. the reason for losses is never to not use a demo account, because while you can't loose, you can't win either. So using the demo account, is just like not trading at all, no wins and no losses. The reason for losses are the errors made by the trader, and as you correctly say, inexperience. If someone is just looking for easy money, he should go to the casino and spin the wheel. Forex needs work and training and of course more work.

But you can also gain experience while trading live. You "just" need to control your risk and exposure.

Quote
Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.
True ...

Offline thelastbear

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Re: Why we loss and how much we lost ?
« Reply #4 on: April 19, 2013, 10:19:49 AM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.
No, absolutely not. the reason for losses is never to not use a demo account, because while you can't loose, you can't win either. So using the demo account, is just like not trading at all, no wins and no losses. The reason for losses are the errors made by the trader, and as you correctly say, inexperience. If someone is just looking for easy money, he should go to the casino and spin the wheel. Forex needs work and training and of course more work.

But you can also gain experience while trading live. You "just" need to control your risk and exposure.

Quote
Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.
True ...

Very well written and I am glad I am not the only one who tells newbies that demo trading is not trading and they are a useless waste of time.

Offline Jira

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Re: Why we loss and how much we lost ?
« Reply #5 on: April 23, 2013, 03:21:40 PM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.
No, absolutely not. the reason for losses is never to not use a demo account, because while you can't loose, you can't win either. So using the demo account, is just like not trading at all, no wins and no losses. The reason for losses are the errors made by the trader, and as you correctly say, inexperience. If someone is just looking for easy money, he should go to the casino and spin the wheel. Forex needs work and training and of course more work.

But you can also gain experience while trading live. You "just" need to control your risk and exposure.

Quote
Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.
True ...



the idea is good. Learning to trade is all about getting to the point of being successful with real money in real market situations. Demo trading definitely has its place, but the introduction of live trading early in ones development can accelerate the overall rate of learning by showing one exactly what must be addressed for success, mechanically and mentally.

Offline Rambo35

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Re: Why we loss and how much we lost ?
« Reply #6 on: April 24, 2013, 09:25:23 AM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.
No, absolutely not. the reason for losses is never to not use a demo account, because while you can't loose, you can't win either. So using the demo account, is just like not trading at all, no wins and no losses. The reason for losses are the errors made by the trader, and as you correctly say, inexperience. If someone is just looking for easy money, he should go to the casino and spin the wheel. Forex needs work and training and of course more work.

But you can also gain experience while trading live. You "just" need to control your risk and exposure.

Quote
Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.
True ...



the idea is good. Learning to trade is all about getting to the point of being successful with real money in real market situations. Demo trading definitely has its place, but the introduction of live trading early in ones development can accelerate the overall rate of learning by showing one exactly what must be addressed for success, mechanically and mentally.

I also agree that traders should go and learn how to trade in live accounts as it is the true way to learn hot to trade. You do not trade in demo accounts as you do not lose money or make money.

Offline greadex

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Re: Why we loss and how much we lost ?
« Reply #7 on: April 24, 2013, 09:52:39 AM »
Loss during trading is normal. It goes same as business. But, if you lost too much, then you need more time to learn and practice in trading.

Offline thelastbear

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Re: Why we loss and how much we lost ?
« Reply #8 on: April 26, 2013, 06:31:24 AM »
Loss during trading is normal. It goes same as business. But, if you lost too much, then you need more time to learn and practice in trading.

It all depends on how you handle your loss and if you learn from your mistakes or not.

Offline seawater

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Re: Why we loss and how much we lost ?
« Reply #9 on: May 19, 2013, 10:29:27 AM »
You must have observed that when you enter the market, it certainly started to go against you. You never know the reason but the real thing on such occasions is the manipulation by the banks to win on our losses.

Offline ituglobal

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Re: Why we loss and how much we lost ?
« Reply #10 on: May 20, 2013, 11:23:09 AM »
Theres no strategy thatll work in all market types. A trend-following system will fail in a continuously ranging market.  A scalping strategy would go kaput in a strongly trending market, especially when caught in a wrong direction. A buy-and hold strategy would be deadly in bear markets. The key to scaling through all these is to know the type of the market youre trading and the type of the strategy you can use for it, or you can use a strategy that works in most (but not all) market conditions. When youre frustrated with a trading methodology, thats when the markets are about to become favorable to it. 
Trading has become a calling!

Offline seawater

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Re: Why we loss and how much we lost ?
« Reply #11 on: May 20, 2013, 07:36:52 PM »
So you are saying that when we are thinking this system is not working the market will turn friendly to it. This is not the reason. The real reason is that every strategy has some bad phase and we have to maintain our patience during that phase.

Offline Forexrider

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Re: Why we loss and how much we lost ?
« Reply #12 on: May 21, 2013, 01:46:11 PM »
We lose more money because of our poor mindset and its the traders attitude while trading in the forex market which makes a lot of difference. We should always implement risk management to minimize loss.

Offline newmember

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Re: Why we loss and how much we lost ?
« Reply #13 on: May 21, 2013, 07:46:37 PM »
reasons:
1)expectation beyond realilty
2)not doing your homework
3)absense of a system of trading
4)Lack of knowledge
5)recurrence of entry on the same day
6)rely on others in decision making
7)trading without a plan
i think their is many and many reasons that can affect on our profit so if u dont want loss your money so dont make agressive steps and remember (offer only what you can loss)

7)trading without a plan - that i agree.
1)expectation beyond realilty - it is correct upto a point .
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UPDATE - this trader lost 3 trades today so dont join under him.
http://www.myfxbook.com/members/aforex

Offline Jira

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Re: Why we loss and how much we lost ?
« Reply #14 on: May 24, 2013, 03:00:51 PM »
The main reason why they lost money in forex market  are some traders never use demo account, we should careful for this matter.  They start trading without knowledge and they think it is so easy.
No, absolutely not. the reason for losses is never to not use a demo account, because while you can't loose, you can't win either. So using the demo account, is just like not trading at all, no wins and no losses. The reason for losses are the errors made by the trader, and as you correctly say, inexperience. If someone is just looking for easy money, he should go to the casino and spin the wheel. Forex needs work and training and of course more work.

But you can also gain experience while trading live. You "just" need to control your risk and exposure.

Quote
Trading without experience is one of the most important reason behind failure. Some people lose money for their greed  and they are  over confidence.
True ...

 

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