Yeah, that's true, but sometimes you really need to know what's the exact thing that is making you to fail, one's you know that, you then work on it, I think this the best way to handle it.
How do you deal with loss of your investment in forex trading?
- Thread starter Kayzzy3
- Start date
Of course there is no way you can be able to solve your problem if you don't identify it. It is through identification of a particular problem that you will be able to solve it.
Actually it's quite very important for everyone who want to invest in forex to be much aware of risk and it management in forex trading. so that when ever it comes you should be able to bear in mind.
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Yeah, you need to know your enermy before you'll know how to defeat it, solving your problems will be easier if you know your enermy and what he can do.
there is no way you can succeed in forex trading if you do not know how to manage your risks very well. A lot of people always ignore risk management when it comes to those kind of businesses and they end up losing a lot of money.
I like your analogy. if you don't know where you are lagging behind there is no way you can be able to solve the problem or acquire knowledge of that particular thing. Identifying your weaknesses when it comes to trading is important.
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Suicide is one of the dumbest thing for someone who has lost money on investment. Doing something such as investment, one should know that it is a risk they are taking to lose or to gain. That is why it is good to know the level of risk you can handle before trying any kind of investment.
One of the things that any investor should really understand about the trading of forex is that he should envisage the issue of loss in his trading,once that is factored then he will be able to minimise his loss.
That's true, and also not only that, if you have the mindset of getting rich quick in the market you'll end up hurting yourself, this will make you to do crazy things in the market.
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Get-rich-quick mentality is something that people need to eliminate if they want to succeed in anything that way. Trading is not a get-rich-quick venture and you must try to eliminate it.
You get it right, if you have that mindset You won't make that money you are looking for, I'm a living testimony, when I started trading for the first time I have no idea on what's going on.
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I just try to learn from them because I have already go with a mindset that it is not every trade that you open that you are going to close it in profit and that is absolutely normal.
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Mindset is always important and necessary when it comes to making money on the internet. It is what has made so many people to succeed in several ventures.
Well i've never invested in forex trading and i don't know what it is like to invest in it and suffer a loss. Anyways, i feel those that suffer a loss during forex trading should not rush into it again, they should take their time and learn from the mistakes they made during their previous forex trade.
That's it, having the proper mindset is always important, but having a negative mindset only Leads to destruction, when starting at first we all have this mentality of getting rich quick which is very bad.
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A negative mindset will never allow you to succeed in anything you are doing. it is always important and necessary to be optimistic and be positive in whatever you are doing in order to succeed.
Exactly, if you have that mindset you'll definitely not succeed in everything you do, a proper mindset helps in one's success, but a negative mindset only Leads to destruction and failure.
I think it's important to determine whether your loss was a normal occurrence or a result of a mistake on your part. If the latter, it's best to try and learn from it - maybe you have to work more on your risk management or how well you follow your plan.
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I heard of this type of incident in trading where a gready trader or beginner lost all their capital. That's the reason experts always suggest us invest only the amount which we can afford. If we invested all our capital and lost all our capital at that sensitive moment, we can do anything.
Before I do use hedging to recover some of my loss but that doesn't withstanding through proper research and analysis we can trade and make profit thus recover if we where at loss
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