How do you handle your losses?

There will be many losses in your forwx trading life. You just have to live with them. The best way to handle losses is to never take them personally. Think of losses as learning curves for your future ventures. Don't lose hope of forex trading and quit it just because of some losses.
 
Yes losses are a part of trading. Just set stop losses and accept them as part of your overall trading plan.

What if you hit more stop losses than take profits ? There should be a high risk to reward ratio in your strategy so that you can cover the losses early with only few winning trades.
 
There will be many losses in your forwx trading life. You just have to live with them. The best way to handle losses is to never take them personally. Think of losses as learning curves for your future ventures. Don't lose hope of forex trading and quit it just because of some losses.

I agree. The more impartial one is, the better they will trade, I think.
 
I have lost some good amount of money into the forex market and whenever i lose money i am very much upset and keep planning for the next time trades to manage my greed. :(
 
What if you hit more stop losses than take profits ? There should be a high risk to reward ratio in your strategy so that you can cover the losses early with only few winning trades.
I always have my stop loss/take profit ratio of 1:2.
But if you are hitting too many stop losses then your analysis or strategy needs looking at.
 
It is not easy to handle losses in life. You need to realize that handling losses could not be taught. You have to learn it yourself. You need to build a character that is strong enough to deal with them. There are countless people who get discouraged by facing some losses and failures.
 
You should have to control your emotions when loss occurs. The only thing you have to do is to try to recover that loss with the best strategy and skills you had. You should have to face that problem by your own. Never give up at any cost. Thanks
 
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