Accueil Forums Money Marketplace Information For All Those Forex Traders You cannot bear the pain of losing in the beginning

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    Priyana
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    Not being able to handle the pain of losing is true for all the novice traders out there. You will be able to get clear experience from the markets after joining the real trading business. In the demo trading account, all the traders will be dealing with fake money all the time. So, their consciousness does not worry about the money getting away from the trades. Thus all the traders happen to do not care about the losses. But when you will get a live account and start trading from that, the tension will definitely haunt you. Because it is your own money that has been used in the trades. When there will be losses from the trades, money will go from your own account. So, the traders will definitely worry about the business. It is not appropriate for the traders to make some improper trading business due to that. That is why we are going to talk about the maintenance of the proper trading business without worrying about the losses from the markets.

     

    Try to risk very little in the trades

    When the traders will be making losses from a live account, it will be from the trades. There is nothing more worth spending some of your money on in the trading process. The small amount of money used will be spent on the setup for the trading. Many traders forget about money management and especially the risk management for the trades. This can cause a lot of money to be lost from the account. Because a lot of traders think about risking more will make them more. And they ruin their business from the expectations of more profits. But the normal strategy of a business does not work in the trading business. If the traders do not have a proper trading edge to work with, more risks will not make them more profits. In fact, the trades will become a curse for the account balance. For that reason, the novice trader will have to spend much less on their trades.

     

    The mental strength of the pro-UK traders

    Learning the art of losing is the most difficult task for new traders. After finding the best trade setups in your trading platform, you will be really shocked to lose money. But this is very common in the Forex market. So, make sure you trade with a very low-risk exposure so that you can slowly understand losing is inevitable in this profession. Try to embrace losing trades just like the winners in the Forex market.

     

    Work with small profit targets

    Sometimes traders do not understand their caliber of trading. This kind of nonsense can be seen mostly in the management of the trades. Of course, you will want to have more profit from the market. But that cannot happen without you having proper knowledge about the trading business. Many traders will think about keeping the trades open for longer in the trends will be able to make them more profits. They completely forget about the position sizing and the profit targets of the trades. Thus the traders happen to lose most of the trades. As a result, they lose a lot of money from potential and winnable trade. So, you have to be relaxed with the trades and try to make them with targets like 1:2 for example.

     

    Spend very less time in the markets

    The traders themselves often become the reason for losing a lot of money. This is possible for the traders who happen to spend very much time in the markets. It makes you confused and uncertain about running or closing a trade. Thus, many traders close the potential trades at the wrong time. By the time they think about going back the trends change pace. So spend much less time in the markets for your own good.


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  • #5376 Score: 0

    Priyana
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    Not being able to handle the pain of losing is true for all the novice traders out there. You will be able to get clear experience from the markets after joining the real trading business. In the demo trading account, all the traders will be dealing with fake money all the time. So, their consciousness does not worry about the money getting away from the trades. Thus all the traders happen to do not care about the losses. But when you will get a live account and start trading from that, the tension will definitely haunt you. Because it is your own money that has been used in the trades. When there will be losses from the trades, money will go from your own account. So, the traders will definitely worry about the business. It is not appropriate for the traders to make some improper trading business due to that. That is why we are going to talk about the maintenance of the proper trading business without worrying about the losses from the markets.

     

    Try to risk very little in the trades

    When the traders will be making losses from a live account, it will be from the trades. There is nothing more worth spending some of your money on in the trading process. The small amount of money used will be spent on the setup for the trading. Many traders forget about money management and especially the risk management for the trades. This can cause a lot of money to be lost from the account. Because a lot of traders think about risking more will make them more. And they ruin their business from the expectations of more profits. But the normal strategy of a business does not work in the trading business. If the traders do not have a proper trading edge to work with, more risks will not make them more profits. In fact, the trades will become a curse for the account balance. For that reason, the novice trader will have to spend much less on their trades.

     

    The mental strength of the pro-UK traders

    Learning the art of losing is the most difficult task for new traders. After finding the best trade setups in your trading platform, you will be really shocked to lose money. But this is very common in the Forex market. So, make sure you trade with a very low-risk exposure so that you can slowly understand losing is inevitable in this profession. Try to embrace losing trades just like the winners in the Forex market.

     

    Work with small profit targets

    Sometimes traders do not understand their caliber of trading. This kind of nonsense can be seen mostly in the management of the trades. Of course, you will want to have more profit from the market. But that cannot happen without you having proper knowledge about the trading business. Many traders will think about keeping the trades open for longer in the trends will be able to make them more profits. They completely forget about the position sizing and the profit targets of the trades. Thus the traders happen to lose most of the trades. As a result, they lose a lot of money from potential and winnable trade. So, you have to be relaxed with the trades and try to make them with targets like 1:2 for example.

     

    Spend very less time in the markets

    The traders themselves often become the reason for losing a lot of money. This is possible for the traders who happen to spend very much time in the markets. It makes you confused and uncertain about running or closing a trade. Thus, many traders close the potential trades at the wrong time. By the time they think about going back the trends change pace. So spend much less time in the markets for your own good.


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