Thread: Why am I still losing in Forex?

We still get loss in forex trading because lack of knowledge and skills. That's why we need to improve it more from time to time. in FXB, trader can use trading analysis. We can try to maximize what broker have provided for their clients.

I believe losses are something that’s very much obvious to come and it’s no big deal at all. The reason we see people taking losses negatively is because of lack of strategy and method, if we have that then we will always perform well. I have ideal broker that I can trust like OctaFX. I have been working with them for many years now and with them, it’s ever easy to handle losses because of the massive rebate program where I get 50% back on all trades even on losing trades.

Before we trade by using a real account, better and suggested we can prepare first by using a demo account. Because the risk is quite large. Maximize for skill good trading ability in we will be able to get the maximum profit and able to survive in forex of course with maximal ability of trading has

Originally Posted by itu

I’ve read 3 books, watched dozens of videos,and I have a well thought out strategy. Risk/Reward-3:1. My average win is about $35 and loss $28. What can I do to refine my strategy, and cut my losses? I feel like I am extremely close to being profitable, and I need a boost.

Let me give it to you straight.

You are on the right track. What you are trying to do is the equivalent of becoming a concert pianist, professional basketball player, or racecar driver.

Can you imagine saying “I’ve read 3 whole books on piano, watched a bunch of youtube… why can’t I get a paying job?”

You have a system, that puts you ahead of 90% of participants. Good for you, seriously.

Here’s how I work up a new system.

Firstly I want to make sure my prospective system is an edge. That means backtesting the ever lovin shit out of it. If you can’t program or it’s a discretionary system, that means pulling out charts and marking things up, taking screencaptures and spreadsheets. A lot of work - yeah it is, for most systems a few months of full time work before you are any where near to make the first trade. There are small optimisations you can make on exits and stop distances to tweak things. The time you move your trade to breakeven can make a big difference also. If the drawdowns are too big I suggest banking some partial profit at your average win (in R) so that you reduce standard deviation, and therefore drawdowns.

Secondly, you want to paper trade it for a while. You want to log both your system performance and your own performance (mistake rate)

Thirdly I start trading for really small money. Losing $50 / trade when it all goes bad. If I go 20 trades without making a mistake, I raise size. If I make more than one mistake every 20 trades, I lower size.

That’s how I do it, anyway.

Imagine you put a plank on the ground. Walk on it without falling off, thats paper trading. Put it 30cm off the ground, thats $50/trade trading. Trading for thousands of dollars per trade is the same thing, but the plank is now suspended between two buildings. If you just go straight to the tall building you are going to get freaked out at some point and make a fatal mistake.

Work yourself up to the main game SLOWLY. Remember, the goal is not to win, but to limit losses. Winning takes care of itself.

Source: https://www.quora.com/Why-am-I-still-losing-in-Forex

Perfect Money/Payeer here: www.ituglobalfx.com.ng

Thanks for being bold enough to say it out here, but one reason could be your strategy, another could be emotions, to trade successfully, you only need to trade two things
1: Breakouts
2: Reversals
As as FreshForex analysts put it, "Any other thing is illusion" Once you've mastered the idea, keep it within you and only trade when the two things happen. Either breakout or reversals.

It is not at all difficult for traders to find regulation information at FXB Trading. It is full of articles that describe regulatory policies with great detail. Traders will also find numerous documents pertaining to risk disclosure. These documents will help make things simple and allow traders to go through the terms and conditions of use and all privacy policies before they decide to sign up for their accounts.

For those who still lose in this forex is definitely more depending on the knowledge it has, because the less than the maximum knowledge is difficult to survive in forex to gain its benefits. So we try to always improve the ability of good trading, because the profits will also we can get if we have maximum skills maximum ability

Losses are not a big deal, but it's about how you overcome those losses; this is the only thing that will decide whether we will succeed or not. I trade with the best broker I choose and really help me.

Originally Posted by alwiandesta

Losses are not a big deal, but it's about how you overcome those losses; this is the only thing that will decide whether we will succeed or not. I trade with the best broker I choose and really help me.

Risks within a business will always be there, so by learning that the spirit will certainly be able to do well in trading it, or we can by using a demo account with discipline to be able to improve trading skills, in order to maximize in forex trading and can get profitable with instaforex

Because to still lose in forex trading we have to learn more from defeat, because maybe this trading is not an easy thing we run, of course the risk is very large. For that FXB Trading is one of the brokers who can lead into the path of success in forex, because it has available a variety of good facilities and interesting

I really agree with that. it's good we can to do the evaluation. evaluation will be very important to be done by traders, this is done so that traders bsa easily to improve existing trading skills in order to become better and more maximal again when trading again in a real account.