Thread: To react to a loss

To react to a loss in forex trading is vey bad. We should not react to a loss. Accepting the loss is very important. The reaction to a loss end up opening a revenge trade which brings more loss. The best thing is accept the loss and analyze why did you loss the trade. What was your mistake? Then learn from the mistakes. Learning from mistakes is the best learning one could achieve from a loss. I am trading forex with Eurotrader broker, as a result of their low spreads and 500:1 leverage. I additionally like their energetic withdrawal handle.

New traders are easily giving up trading after losing a couple of trade. Traders should never give up. This mainly means closing your ears when the surroundings try to take you down. The pressure of losing money is one of the reasons to quit. So, traders should not trade with money that they can't afford to lose. I am trading with Forex4you, and I started trading with only $50 with a micro account.

Traders get upset and cannot find a way out for getting out of losses. Growing upset isn’t a sign of good traders. The best way to survive in Forex is to take lesson from every single mistake. Eurotrader allows traders with a whopping 111% deposit bonus, narrow trading spread and technical errors free trading platforms.